Spurs are on their way to going private again

The Premier League football club Tottenham Hotspur are to quit the public markets, claiming the listing restricts their ability to raise funding as they attempt to move to a bigger stadium.

The north London club said they would seek to delist from the Alternative Investment Market and re-register as a private company. Daniel Levy, the club chairman, believes the stadium development is crucial to maintaining the success that saw Spurs qualify for the Champions League last year, as well as sustaining the investment in the first team. Tottenham are expected to build a new stadium next to their existing ground, White Hart Lane, after losing out to London rivals West Ham on a bid to move to the Olympic Stadium in Stratford.