Football

Spurs delists shares

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Spurs have ambitious stadium plans. (©Tottenham Hotspur)
Spurs have ambitious stadium plans. (©Tottenham Hotspur).

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.

Topics:
Tottenham Hotspur
Football
Premier League
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