Tottenham Hotspur have announced they aim to be in a new 58,000 stadium by 2017. The stadium will be located next to their current White Hart Lane home, which holds 36,000.
A statement on the official club website said: "[The new stadium] is a major development that will present ongoing challenges and subject to these challenges being manageable we anticipate going out to tender for construction late this year which will make a stadium opening date of Summer 2017 feasible."
Speaking of the need for the club to move to a larger stadium in order to compete with its main rivals, Chairman Daniel Levy said: “We have fantastic, strong support. Our current 36,000 seater stadium sells out and the waiting list for season ticket holders is currently in excess of 47,000. We cannot stress strongly enough how critical the new stadium is over the long-term to these raised expectations."
White Hart Lane is the tenth largest ground in the Premier League, smaller than the home grounds of all of Tottenham’s main rivals. It is slightly over half of the capacity of Old Trafford and roughly two thirds the size of the Emirates, home of north London rivals Arsenal.
“We have the smallest capacity stadium of any club in the top 20 clubs in Europe, let alone the current top four Premier League clubs,” Levy said, “and given we now operate within UEFA Financial Fair Play rules, an increased capacity stadium and associated revenues is fundamental to supporting the future ambitions and consistent achievement at the top of the game.”
The news comes as Tottenham announce a profit of £1.5m for the year ended June 30, 2013.
