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Tottenham to borrow another £237m to cover escalating costs of new stadium

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Daniel Levy
Daniel Levy

Tottenham are to borrow an additional £237million to cover the costs of the new stadium, according to the Independent.

The report adds that the club had initially announced an agreement worth £400m in 2017 with HSBC, American Merrill Lynch and Goldman Sachs, which was due for five years.

However, the club confirmed in a statement on Friday that this facility is up to £637m, which is an increase of £237m, as per the report.

Tottenham’s stadium construction has been delayed and dragged on for the entirety of this season. Spurs were expected to play against Liverpool at the new ground on 15 September. However, the date for the stadium inauguration was pushed to December.

Tottenham new stadium

Daniel Levy recently confirmed that Spurs would play their home games at Wembley till the end of the year, and the report adds that we are targeting the 13 January clash against Manchester United as the stadium opener.

The report adds that the club’s debt is set to rise to £600m from £366m. Although the stadium will be one of the best in the world, it will be important to see if this affects our transfer activity at all.

Read more: “This pitch is confusing the life out of me” – Some Tottenham fans irate over condition of Wembley pitch

Tottenham were the only club not to sign players in the summer, and should we continue not bringing fresh faces in, it will be difficult to continue the development of the team under Mauricio Pochettino.

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