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Spurs hoping to move into new stadium in 2017
POSTED 03 Apr 2014 . BY Tom Walker
The stadium will have a capacity of 58,000 Credit: Tottenham Hotspur
Tottenham Hotspur Football Club (Spurs) is hoping to have its new stadium ready for the start of the 2017-18 season.

The proposed 58,000-capacity stadium, which forms part of the ambitious Northumberland Development Project in North London, has received initial planning permission – but it is understood the club still needs to secure additional funding to cover construction costs.

In a statement, Spurs chair Daniel Levy said the club had now identified those properties it intends to sell to raise cash and that a tender for the stadium will be launched later this year.

"We've undertaken a review of our property holdings in order to determine the essential core properties required to deliver the new stadium, with non-core properties – that are excess to requirements – being sold and the proceeds used to pay down debt secured against those properties," he said.

"The Northumberland project is a major development that will present ongoing challenges and subject to these challenges being manageable we anticipate going out to tender for construction late this year which will make a stadium opening date of summer 2017 feasible."
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Jobs    News   Products   Magazine
NEWS
Spurs hoping to move into new stadium in 2017
POSTED 03 Apr 2014 . BY Tom Walker
The stadium will have a capacity of 58,000 Credit: Tottenham Hotspur
Tottenham Hotspur Football Club (Spurs) is hoping to have its new stadium ready for the start of the 2017-18 season.

The proposed 58,000-capacity stadium, which forms part of the ambitious Northumberland Development Project in North London, has received initial planning permission – but it is understood the club still needs to secure additional funding to cover construction costs.

In a statement, Spurs chair Daniel Levy said the club had now identified those properties it intends to sell to raise cash and that a tender for the stadium will be launched later this year.

"We've undertaken a review of our property holdings in order to determine the essential core properties required to deliver the new stadium, with non-core properties – that are excess to requirements – being sold and the proceeds used to pay down debt secured against those properties," he said.

"The Northumberland project is a major development that will present ongoing challenges and subject to these challenges being manageable we anticipate going out to tender for construction late this year which will make a stadium opening date of summer 2017 feasible."
RELATED STORIES
Tottenham Hotspur receives final go-ahead for £400m stadium plans


Tottenham Hotspur Football Club (Spurs) has received final approval for its plans to build a 58,000-capacity stadium in north London.
High court challenge of Spurs' stadium plans means club may spend season away from home


Premier League football club Tottenham Hotspur may be forced to play a season away from home thanks to a legal wrangle over the club’s new stadium development.
Cause of fire that gutted disputed Spurs stadium building still unclear


The cause of a fire that gutted a business involved in a bitter dispute with English Premier League club Tottenham Hotspur FC remains unclear.
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Global group exercise specialist, Les Mills, is inviting operators to sign up to its Workout for the World event on 20 June, in support of UNICEF.
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KX Chelsea invests £15 million to upgrade its wellness offering
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