English Premier League club, Tottenham, confirmed its intention to build a new 60,000-capacity stadium near its current White Hart Lane ground, according to UK press reports.
Under the plans, the Northumberland Development Project will include leisure facilities, public space and housing, with working on a new training facility due to start next year.
Spurs chairman, Daniel Levy, told the BBC: "The scheme includes the current site and adjoining land, with the stadium sited to the north of the existing one. With a waiting list for season tickets of over 22,000 and club membership levels of over 70,000, our need for an increased capacity stadium has been clear for all to see for some time. Having reviewed our stadium options it was clear that there were a limited number of alternative sites to our current location” Levy said. “Following discussions with council bodies, the London Development Agency, Transport for London and local and central government officials, redeveloping the existing site emerged as the most viable route”.
Spurs announced the plans at the same time as their financial results to June 2008, which saw turnover for Tottenham for the year ending 30 June up 11 per cent. Revenue also rose from £103 million to £114.8 million whilst net debt was £14.6 million, although that figure includes property acquisitions.
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