Tottenham finances could be dealt a serious blow if there are no substantial reductions in the cost estimates for the upcoming new stadium.
It was originally thought that the new 61,000 seater stadium will cost around £ 400 million. Just like arch rivals and neighbours Arsenal, Spurs were planning to get much of the funding done through the sale of sponsorships and loans. The sale of the property where the White Hart Lane – the club’s existing ground – is located could also fetch a sizeable amount required to build this new stadium.
However, just days after the club received planning permission from the City Council to go ahead with construction, it has been revealed that the cost of construction will stretch to £ 750 million. This will make the new ground one of the most expensive footballer arenas in the world. It would be even more expensive than the new Wembley, which can seat close to 90,000. Tottenham believe that they have a substantial demand for season tickets and this could ultimately lead to the club securing a major boost in finances once the construction has been paid up for.
Tottenham are hoping to move into the brand-new stadium for the 2018-19 season, although some bookmakers think it will take them a little longer – if you use a William Hill promotional code you can bet on this happening and get odds of upto 10/1. They are fighting along with Chelsea in order to secure Wembley as their temporary home. Chelsea are also going through a period of stadium improvement, which will see the Stamford Bridge capacity expanded to 61,000 from the current 42,000. The smaller capacity of the White Hart Lane has been one of the primary reasons behind Spurs failing to compete with the likes of Arsenal especially in the transfer market. It remains to be seen if the huge construction costs will hit the club in the transfer market for the time being. This was a major problem for Arsenal.