Tottenham deny claims they are set to be taken over by Facebook owner Mark Zuckerberg in £1billion deal

Reports have suggested American investment company Iconiq Capital are interested in the club and even suggested a £1billion bid was in the offing

Tottenham have denied reports they set for a takeover backed by Facebook's Mark Zuckerberg (Getty)

Tottenham have moved to deny claims they are about to be taken over by a potential buyer backed by Facebook owner Mark Zuckerberg.

Reports have suggested American investment company Iconiq Capital are interested in the club, which finished second in the Premier League last season and even suggested a £1billion bid was in the offing.

However, Spurs, who are currently in the process of building a new stadium next to their current home, moved to dispel speculation that the club could be for sale.

A statement issued through the club's official website read: "The club engaged Rothschild to secure the funding for the new stadium. As expected, many proposals came forward including bank debt and equity investment.

"The club announced on 31 May 2017 the completion of the bank debt financing for the new stadium with a consortium of banks involving Bank of America Merrill Lynch International Limited, Goldman Sachs Bank USA and HSBC Bank plc.

"The Board believes this was the optimum solution in the interests of fans, employees and shareholders and for the continued development of the club.

"The Board is not in any discussions relating to a takeover offer for the club."