SPURS TAKE £237M LOAN

SPURS have had to borrow an extra £237million to get their new stadium finished.

Spiralling costs have forced the club to increase their line of credit with three banks on the heavily-delayed project to a total of £637m.

Tottenham were due to move into their new 62,000seater ground at White Hart Lane before their game with Liverpool on September 15.

Those plans were blown apart by a catalogue of setbacks, leaving them to play home games on a dreadful surface at Wembley – with the Manchester

United match on January 13 their new moving in target.

A Spurs statement read: “The club’s investment over recent years in facilities has resulted in total gross tangible assets at 30 June, 2018, in excess of £1bn.

“These investments have been financed by funds from club and bank finance, principally from Bank of America Merrill Lynch International, Goldman Sachs Bank USA and HSBC Bank PLC who have provided a facility of up to £637m. At 30 June, 2018, the club had net debt of £366m.”