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Rising stadium costs a challenge for Spurs

The rising cost of Tottenham Hotspur's new stadium means that the club will have to sell players in order to buy them next season. It was hoped that the new stadium would boost the chances of the club acquiring much awaited silverware. In the long run, it will. But the cost of building the Emirates dented the on pitch capabilities of North London rivals Arsenal.

David Hytner writes in The Guardian, 'It seems a long time ago that £400m was the ballpark figure. Then, it became £750m and £850m, and now, nobody would be surprised if it reached a billion. Tottenham have taken out £400m in bank loans, which are repayable over a five-year period. This month they announced in their financial results for the year ended 30 June 2017 that the “cumulative spend” on the project had increased from £115.3m to £315.1m.'

Read his full story here: Reality check as stadium costs escalate

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