Levy opens up: Tottenham deal worth reported £15m is in place but has been put on hold
By Harry Sykes
Daniel Levy has revealed that Tottenham’s £15million deal to play their home matches at Wembley next season is on hold.
The Spurs chairman made the revelation that the club has still not made its final decision yet on whether it is White Hart Lane’s final campaign.
Levy admits that the board want to be convinced the building work is on track at their new stadium before committing to a temporary move to Wembley.
The revelation came in the chairman’s outlook in Tottenham’s financial results for the year ending June 2016.
“We have run this Club on a financially secure basis for the past 16 years, whilst remaining ambitious and with a vision for its future growth and success,” Levy said in the annual accounts, as posted on the official Spurs website on Wednesday morning.
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“We continue to focus on ensuring that the future of the club is protected at all times and therefore, whilst everyone is eager to know if this is our last season at the Lane, we shall only make the decision to decommission our historic White Hart Lane when we have greater certainty on the delivery of the new stadium.”
Brent Council gave the green light last Thursday to the London giants’ planning application to play 27 ‘home’ matches at Wembley next season.
For the deal to go ahead, Tottenham chiefs want to be confident that their new stadium will be completed by August 2018 in time for the next but one season.
But there is caution among the Spurs hierarchy about whether the £750million redevelopment of White Hart Lane is fully on track before the club commit to a contract with the Football Association, who own Wembley.
In return, the governing body has indicated it is willing to be flexible over the precise timings of the deal after initially issuing a 31 March deadline for Spurs to put pen to paper.
Football site Squawka claim that Spurs chiefs would need to pay £15million in rent to host games at Wembley in 2017-18 while White Hart Lane is redeveloped.
The new White Hart Lane is expected to cost between £400million and 450million and the club have promised it will be the best ground in the Premier League, featuring state-of-the-art facilities, a huge single-tier stand and industry leading corporate hospitality.
Work on the rest of the scheme – including 585 new homes, a 180-bedroom hotel, offices, a health centre and a club museum – will take the total cost of the project to more than £700million.
Meanwhile, Mauricio Pochettino’s side return to action this weekend when they travel to Burnley for a Premier League fixture aiming to keep their slim title hopes alive.
In other Tottenham news, a striker has signed after Spurs agreed terms.