Tottenham Chairman Warns the Club Will Have to Constrict Spending After Moving to New Stadium

Published on: 27 February 2017

Tottenham chairman Daniel Levy has admitted the club will have to follow North-London rivals Arsenal in curbing their spending once they move to their new stadium.


Tottenham will move into their new, 61,000 seater stadium in-time for the 2018-19 season. It is believed the cost of the stadium is close to £750m.


Although numerous first-team players have recently signed new deals, including Harry Kane and Hugo Lloris, there is a fear amongst Spurs fans that there could be a repeat of what happened in the years after Arsenal moved the Emirates, where key players such as Thierry Henry, Robin Van Persie and Cesc Fabregas were all moved on.

However, Levy, whilst admitting that the stadium move will leave the club in debt, insisted that playing in a big stadium is what all top-players seek. He told NBC (viaIBTimes):


"Everyone thinks that just because you have a bigger stadium you get more revenue and you're going to have lots more money,


"Obviously when you're spending this amount of money on a new stadium we have a lot of debt that we're going to have to repay. Over the medium to long term obviously that gives you greater financial security but also for as a player, if you're playing for a big club you want to play in a big stadium."

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Tottenham's new stadium will have a capacity that will give them the title of having the biggest stadium in London, with 568 more seats than Arsenal have at the Emirates. Levy was coy on rumours that the capacity was intentionally more than Arsenal's stadium, adding:


"That wasn't the sole driver [building a bigger stadium than Arsenal],


"The reason was simply that we have a season ticket waiting list of 58,000 people and we had to work out how to have a bigger stadium, and clearly we went for the maximum we could."

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