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Tottenham Hotspur Signs Loan Deal for $900 Million Stadium

  • English soccer club signs facilities with HSBC, Goldman, BoAM
  • Move will more than double matchday revenue for London team
Tottenham’s White Hart Lane stadium is demolished.

Tottenham’s White Hart Lane stadium is demolished.

Photographer: Tottenham Hotspur FC via Getty Images
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Tottenham Hotspur Ltd., the Premier League soccer club that’s clawed itself up to become one of England’s elite teams, announced a 700 million-pound ($900 million) plan to fund a new 61,500 seater stadium.

Tottenham, based in London and commonly known as Spurs, has signed a 400 million-pound facility with Bank of America Merrill Lynch, Goldman Sachs Group Inc. and HSBC Holdings Plc, the club said in a statement on Wednesday. That replaces an interim 200 million-pound deal that was put in place in December 2015, of which 100 million pounds has been drawn to date. The financing was arranged by Rothschild & Co.