20 Mar 2009Spurs consider fundraising schemes for new stadium

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Tottenham have revealed that they are considering a number of possible avenues for raising the necessary finance to fund their plans to build a new stadium.

The north London side revealed record pre-tax profits of £39.8 million this week but are now considering how to press ahead with their Northumberland Development Project.

Among the possible initiatives to boost the pot for the proposed 60,000-seater stadium are selling off the naming rights and issuing new shares, according to chairman Daniel Levy.

He said: "As we continue to assess the contributions to the scheme we obtain more clarity on the funding gap which will have to be financed."

Spurs have a debt of £40.1 million but are determined to press ahead with plans for the new ground, which will be situated adjacent to their current home, White Hart Lane.

Bitter rivals Arsenal adopted a similar approach when they left Highbury, selling the naming rights to their new stadium to the Emirates, the international airline of the United Arab Emirates.

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