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Tottenham Hotspur not for sale, says Premier League club | Tottenham Hotspur not for sale, says Premier League club |
(35 minutes later) | |
North London Premier League football club Tottenham Hotspur has said that it is not in any discussions relating to a takeover offer. | North London Premier League football club Tottenham Hotspur has said that it is not in any discussions relating to a takeover offer. |
Media reports had said US firm Iconiq Capital was preparing an offer. | Media reports had said US firm Iconiq Capital was preparing an offer. |
Spurs are currently in the process of building a new stadium, and will play games at Wembley Stadium next season. | Spurs are currently in the process of building a new stadium, and will play games at Wembley Stadium next season. |
The club agreed stadium funding with a trio of banks in May. It says other proposals emerged then, "including bank debt and equity investment". | The club agreed stadium funding with a trio of banks in May. It says other proposals emerged then, "including bank debt and equity investment". |
The banks involved in the stadium financing were Bank of America Merrill Lynch International Ltd, Goldman Sachs Bank USA and HSBC bank. | The banks involved in the stadium financing were Bank of America Merrill Lynch International Ltd, Goldman Sachs Bank USA and HSBC bank. |
The club said in a statement: "The board believes this [stadium financing agreement] was the optimum solution in the interests of fans, employees and shareholders and for the continued development of the club." | The club said in a statement: "The board believes this [stadium financing agreement] was the optimum solution in the interests of fans, employees and shareholders and for the continued development of the club." |
But it added: "The board is not in any discussions relating to a takeover offer for the club." | But it added: "The board is not in any discussions relating to a takeover offer for the club." |
Demolition of the club's historic White Hart Lane home started at the end of the 2016-17 season. | Demolition of the club's historic White Hart Lane home started at the end of the 2016-17 season. |
They plan to have a new 61,000-seater stadium, built on the same site, ready for the 2018-19 season. | They plan to have a new 61,000-seater stadium, built on the same site, ready for the 2018-19 season. |
In the meantime, the club will play home games at Wembley, which they used in the Champions League and Europa League last season. | |
The new stadium is expected to cost £750m but will create about 3,500 jobs in the area when it is finished, according to the club. | The new stadium is expected to cost £750m but will create about 3,500 jobs in the area when it is finished, according to the club. |
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