Tottenham set for record investment after £250million revelation - report
Tottenham are set to break the record for the most expensive stadium in Europe after it was revealed their new development is set to cost in the region of £1billion, according to a report.
The Daily Mail claim on their website that the original estimated price of the development of their new stadium, which came in at £400million, is nearly £600million under what it is now expected to cost.
Daniel Levy is reportedly said to be trying to source financial backing to fund the work, which is set to break the record for the most expensive stadium in Europe.
It is the second time that expenditure on the project has been revised, with a difference of £250million from the estimated spending submitted as part of the club’s planning application.
It is said that chairman Levy has attributed the increased spend to the complexities surrounding the development, with the likes of two sliding pitches and larger changing rooms to ensure that it can be used as a multi-purpose stadium for American football matches, with a 10-year deal signed between Spurs and the NFL for use of the new stadium.
However, despite the increased cost, it is claimed that the work being undertaken is on schedule to be completed in time for the start of the 2018/19 season.
Subscribe to Football Insider TV now
In other Tottenham news, the club are in the hunt to snap up a 20-year-old international playmaker.