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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
By
Tariq Panja and David Hellier
Updated on

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.