Tottenham have confirmed that they plan to build a new 60,000-capacity stadium near their current White Hart Lane ground.
With turnover up 11% for the year ending June 30 2008 the Tottenham board have pushed ahead with ambitious proposals for a larger stadium in the Haringey area of London.
“With a waiting list for season tickets of over 22,000 and club membership levels of over 70,000, our need for an increased capacity stadium has been clear for all to see for some time,” said the Tottenham chairman, Daniel Levy.
“The Northumberland Development Project would deliver a world class scheme and substantial new investment for Haringey and our supporters.
“It represents a significant step in the growth of the club, with a proposed stadium capacity of 60,000 and would provide state-of-the-art facilities, important public space, new jobs and homes and a significant boost for the local economy.
“It would also enable us to provide a new base for the Tottenham Hotspur Foundation so that its award winning programmes can continue and have an even greater impact in the local community.
“Tottenham Hotspur is proud of its roots in Haringey. We have been in the Borough for 126 years and the club is inextricably linked with this part of London. We believe that this scheme has the potential to create a truly inspirational environment for the club and the community as well as acting as the catalyst for the uplift of the wider area.
“We have spent five years buying and taking options over property around the current stadium site to enable us to either develop locally or to gain the critical mass to achieve a substantial site sale as a contribution to a relocation. To date this includes almost 60 separate property transactions, including 40 residential and potentially 160 commercial properties at a commitment of £44m.
“We are at an early stage of what is part of our long term plans for the club and now we want the views of local people and our fans. I hope people will take the time to look at our plans and let us have their comments.”