Football

Spurs delists shares

Published Add your comment

Football News
24/7

Tottenham Hotspur have de-listed its share from the stock market in an attempt to secure funding for a new stadium

The club confirmed their decision to return to private ownership on its last day of trading on the AIM index January 13th.

Chairman Daniel Levy said last year the move would assist the club's ability to generate external funding.

"Increasing the capacity of the club’s stadium is a key factor in the continued development and success of the club,” he said

Spurs originally had ambitions to move into the Olympic Stadium, but after losing out to West Ham United in the bidding process a judicial review resulted in a collapse of The Hammers' bid.

The Olympic Park Legacy Company then ruled the stadium would remain in the public ownership with parties bidding to become the tenant, ending Spurs' interest.

Previous plans to move into a 56,250 seater arena were visited during the back end of the year, with this latest move working towards accumulating funds to make the project a reality.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms

Topics:
Tottenham Hotspur
Football
Premier League

Article Comments

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author

DISCLAIMER

This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of GiveMeSport.com or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. GiveMeSport.com and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again