Tottenham have lined up Qatari Airways as potential sponsors for the new stadium the club want to build adjacent to White Hart Lane,
Spurs chairman Daniel Levy identified the airline to put their name to the deal and has committed his intentions to stay local with the new stadium. His views were announced at the recent AGM and the club will need £400m to build the Northumberland Project Development. The project is a 55,000 seater arena next to White Hart Lane. Levy himself has made it clear that the club need substantial private and public funding before they can go ahead with the project.
Tottenham are becoming a force in the Premier League and are challenging for the title this season. White Hart Lane may be atmospheric, but Levy believes he needs a bigger ground to fulfil their ambitions of being a top club. Spurs will de-list themselves from the investment market in January as part of a scheme to attract investors. The Qatar Foundation are one of those planned people and they currently sponsor Barcelona’s shirts.
The Qatari based investors have recently purchased Paris Saint German and according to UEFA regulations, they cannot buy more than 25 per cent of another club in European competition. Levy is desperate to get funding from somewhere and recently spoke about his ambitions for the club.
When asked what would happen if full funding was not an option, Levy said: ‘There is no (other) option or time limit. We will find a way to make it happen. I am absolutely determined to bring a new stadium to Tottenham’.
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