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Tottenham hails stadium financing deal

Erik Lamela of Tottenham Hotspur scores his team's fourth goal during the Premier League match against Crystal Palace at Tottenham Hotspur Stadium (by Julian Finney/Getty Images)

English Premier League football club Tottenham Hotspur has agreed a refinancing package for the £637m (€722m/$792.7m) in loans taken out to support the development of its new stadium, with the move set to address concerns that paying off the debt would overly impact its other business areas.

Tottenham borrowed £637m from Bank of America Merrill Lynch, Goldman Sachs and HSBC to help develop its £1bn stadium, which having initially been scheduled to open in September 2018 staged its first Premier League game in April.

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