Arsenal manager Arsene Wenger has warned arch rivals Tottenham that moving to a new stadium provides ‘terrible stress’ financially, the Independent
Having lost out to West Ham United in their attempts to become tenants of the 2012 Olympic Stadium, Tottenham are now exploring the possibility of building a new ground to replace their current home, White Hart Lane.
They have admitted that they are looking for extra investment to help fund the project, although there are no takeover discussions. American consortium Cain Hoy recently expressed an interest, but announced on Thursday that they will not take matters any further with Spurs.
Wenger experienced the move to a new stadium in 2006 when Arsenal switched from Highbury to the Emirates Stadium, and he has warned Tottenham ahead of the meeting between the clubs on Saturday that changing ground puts a lot of extra pressure on the club.
He said: “When we were in a position where we had to be in the Champions League financially, and you get into March or April and we are not, that is extremely difficult. The stress is terrible because you feel the future of the club is at stake and you have not a lot of margin [for error]. Every point you lose can be dramatic.
“I don’t know their financial plan well enough, but in the end we built the (Emirates) stadium for £400m. Today it would cost £600m, £650m or £700m. It is much more difficult today, because we built our stadium at a price that you couldn’t afford any more. We managed to build our stadium by subsidising it with our own resources. That is much more difficult today.’
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