Skip to main content

Spurs hit by stadium saga

The delay in Tottenham Hotspur moving to White Hart Lane is hitting the club on a number of fronts. One concern is that Mauricio Pochettino, who is clearly exasperated, may accept one of the offers to move elsewhere he will inevitably be made, although probably not until the summer.

Spurs were right to rebuild their stadium in the way they have because it offers them a better future. However, they should have been more realistic about the delays that inevitably occur in complex construction projects on brownfield sites - and whatever their apologists say, this one does not seem to have been particularly well managed. Having run into difficulties, they should have been more honest with the fans.

The club has now had to extend its borrowing facility from £400m to £637m which will cost them approximately £10m more pounds a year in interest payments alone. They will have to pay rent at Wembley until the end of the season, even if they only use it for a short period in the New Year. It took Arsenal six years to recover from the move to the Emirates, with inevitable knock on effects on the pitch.

Attendances at Wembley have been falling, even before Monday's farcical game against Manchester City on a NFL pitch. The disappointing figure of 56,854 for the City game was the third time in four Premier League matches this season that the crowd has been less than 60,000. There will be run of games against mid-table opponents after next month's clash with Chelsea. Last year good attendances at Wembley enabled Tottenham to increase their revenue to £381m in the year ending June 2018. As the novelty wears off, inconvenience is becoming more of a consideration.

Comments

Popular posts from this blog

It's no deal say Spurs insiders over Taiwanese takeover

Senior figures at Tottenham Hotspur insisted on Friday that they had not been informed of any deal to sell Daniel Levy’s stake in the club. A business group, Eight Sports Capital — which is said to include a billionaire Taiwanese financier — claimed that it had an agreement in place to buy a 24.99 per cent stake in ENIC, the club’s majority owners, from Levy, who owns 29.88 per cent. The Times has been told Ng Wing Fai and Brooklyn Earick form part of the group, having both been linked previously to potential takeovers of the Premier League club. The Taiwanese businessman, Richard Tsai, is also said to be part of the consortium. He is reportedly worth £7 billion.  Last year Earick, the former DJ and tech entrepreneur, was part of an attempted £4.5 billion takeover, which was “unequivocally rejected” by Spurs.  An ENIC spokesperson said: “We can confirm that neither ENIC nor THFC are aware of any sale by Daniel Levy’s Family Trust of its minority stake in ENIC, THFC’...

Spurs CEO attacks luxury training base

The Tottenham Hotspur chief executive Vinai Venkatesham has issued a withering assessment of the way the club was run under Daniel Levy, likening the state-of-the-art training centre to a five-star hotel rather than a centre of high performance.  Venkatesham was appointed to his role in April 2025, having stepped down as chief executive at Arsenal the previous summer. However, he has said that some aspects of the club were “in a significantly worse state” than he expected.  “Our training centre is amazing, one of the best, if not the best in the world,” Venkatesham told BBC Sport. “But when you look around, it looks more like a five-star hotel than it does a performance environment. That will change over the summer. I think there are many areas where the club hasn’t got the right level of expertise.”  He explained that the football side of operations was the club’s main downfall when he arrived last year. [One Spurs fan wryly observed that it was like a water company sayi...

Fulham requires big funding from owner

After lengthy delays, Fulham’s shiny, new Riverside Stand has finally opened, creating “a unique Thameside destination with first class facilities for supporters and partners on match days, as well as for the wider community year-round”. This ambitious project has increased Craven Cottage’s capacity by around 4,000 to 29,600, while it has also taken advantage of the club’s fantastic location and wealthy catchment area by including two Michelin star restaurants, a rooftop swimming pool, corporate hospitality and event space, all benefiting from views of the Thames. Chief executive Alistair Mackintosh observed, “Fulham is the sort of club that can have a business class or first class and have fans that turn left on a plane.” Indeed, there is also an exclusive members club – with a football season ticket as an optional extra. It’s fair to say that “the times they are a-changing”, as this is a long way from the traditional pie and a pint. However, in a world where clubs face the tw...