Levy warns of Spurs doing a financial ‘Arsenal’ after stadium move

      

Levy warns of Spurs doing a financial ‘Arsenal’ after stadium move

Picture: Doha stadium

Tottenham Hotspur chairman Daniel Levy has warned Spurs supporters that the club’s finances may take a hit in the short-time after the planned move to a new 61,000 stadium next season.

The projected move will make Spurs the club with the biggest stadium in London, beating The Emirates with around 600 seats. But Levy insists beating Arsenal in growth was not the main objective of the expansion.

“[Building a bigger stadium than Arsenal] wasn’t the sole driver.” Levy told NBC. “The reason was simply that we have a season ticket waiting list of 58,000 people and had to find a solution.

He also added: “Everybody thinks just because you have a big stadium you get more revenue and you’ll have lots more money. But when you are spending this amount of money on a stadium, we’ll have a lot of debt we will have to replay.“

The new club stadium will cost around 400 million, but the entire project may stretch to 750 million. The project includes the possibility of squashing some of the money going out by installing a retractable pitch which will allow NFL games to be played.

Arsenal built the Emirates in 2005 and were severely restricted in their transfer dealing for at least 10 years.

 

 

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Premier League 2017/18

# Team P GD Pts
1 Manchester City FC 38 79 100
2 Manchester United FC 38 40 81
3 Tottenham Hotspur FC 38 38 77
4 Liverpool FC 38 46 75
5 Chelsea FC 38 24 70
6 Arsenal FC 38 23 63
7 Burnley FC 38 -3 54
8 Everton FC 38 -14 49
9 Leicester City FC 38 -4 47
10 Newcastle United FC 38 -8 44
11 Crystal Palace FC 38 -10 44
12 AFC Bournemouth 38 -16 44
13 West Ham United FC 38 -20 42
14 Watford FC 38 -20 41
15 Brighton & Hove Albion 38 -20 40
16 Huddersfield Town 38 -30 37
17 Southampton FC 38 -19 36
18 Swansea City FC 38 -28 33
19 Stoke City FC 38 -33 33
20 West Bromwich Albion FC 38 -25 31