Tottenham announce plans to quit White Hart Lane for new stadium by 2017
Spurs are desperate to increase their match day income
Wednesday 02 April 2014
Tottenham have announced they could leave White Hart Lane for a new stadium in three years.
In announcing their financial results, the club said their new stadium could open as early as the summer of 2017.
A statement from Tottenham read: "It is a major development that will present ongoing challenges and, subject to these challenges being manageable, we anticipate going out to tender for construction late this year which will make a stadium opening date of summer 2017 feasible."
That depends, though, on the outcome of the public inquiry which was held last April and which has delayed the acquisition of the remaining property needed for the land to build the stadium. The club are waiting for a decision from Eric Pickles, the secretary of state for communities and local government, on the compulsory purchase order.
Tottenham chairman Daniel Levy said: "We have fantastic, strong support. Our current 36,000-seater stadium sells out and the waiting list for season ticket holders is currently in excess of 47,000.
"We cannot stress strongly enough how critical the new stadium is over the long term to these raised expectations.
"We have the smallest capacity stadium of any club in the top 20 clubs in Europe, let alone the current top four Premier League clubs, and given we now operate within UEFA Financial Fair Play rules, an increased capacity stadium and associated revenues is fundamental to supporting the future ambitions and consistent achievement at the top of the game.
"Our focus therefore is to continue to invest in and develop the squad - we shall not look to a summer of major upheaval, but rather to strengthen in key positions - to play the style of football for which we are famous - and to deliver the new stadium."
Spurs announced a profit for the year ending 30 June 2013 after tax and interest of £1.5million, having made a £4.3million loss in 2012.
Latest in Sport
Robin van Persie to Fenerbahce: Manchester United striker 'agrees to personal terms' with Turkish side
Arsenal defender Kieran Gibbs posts bizarre video of his Miami holiday being invaded by an iguana
Women's World Cup 2015: England secure third place as they beat Germany in extra time with penalty by Fara Williams
Why is it that there’s no women’s team at Manchester United? - Michael Calvin
Chelsea transfer news: Diego Costa wants a reunion with £25m Manchester United target Arda Turan... because he loves his kebabs
- 1 Isis propaganda video shows 25 Syrian soldiers executed by teenage militants in Palmyra
- 2 Number of young homeless people in Britain is 'more than three times the official figures'
- 3 The map showing the most dangerous tourist destinations in Europe, according to the Foreign Office
- 4 The biggest first date turnoff has been revealed
- 5 German man found living with 300 rats in tiny apartment
More Britons believe that multiculturalism makes the country worse - not better, says poll
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture