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Tottenham Hotspur stadium move set for summer 2017 if Pickles says 'yes'

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Tottenham Hotspur stadium move set for summer 2017 if Pickles says 'yes'

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Published by Jon Land for 24dash.com in Communities

Tottenham Hotspur stadium move set for summer 2017 if Pickles says 'yes' Tottenham Hotspur stadium move set for summer 2017 if Pickles says 'yes'

Tottenham Hotspur Football Club today announced plans to move into its new stadium by the summer of 2017.

The club said it anticipated going out to tender for construction later this year even though it still waiting for the green light from Communities Secretary Eric Pickles on a compulsory purchase order.

The stadium move is central to the regeneration of the Tottenham area with hundreds of new homes, jobs, shops and leisure facilities planned.

In a statement issued today, as part of its financial results, Tottenham Hotspur said: "In respect of the next stage of the new stadium process, a Public Inquiry was held in April 2013 relating to the last remaining property to be acquired so that we can move forward with completing land assembly and we currently await the Secretary of State’s decision on the Compulsory Purchase Order. During the delay in land acquisition, we have continued to progress the stadium finance plans with advice from NM Rothschild.

"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.

"We welcome the ongoing commitment from, and continue to work closely with, National Government, the Greater London Authority and Haringey Council, to deliver regeneration and make Tottenham a better place to live, work, study, play and visit – a vision supported in the newly adopted Tottenham Strategic Regeneration Framework."

Spurs chairman Daniel Levy added: "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 today announced a profit for the year ending 30 June 2013 after tax and interest of £1.5 million, having made a £4.3m loss in 2012.

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