Spurs to stay in N17
Tottenham have finally ruled out a move to the Olympic Stadium following the games in London next summer.
Last Updated: 16/11/11 4:24pm
Tottenham Hotspur have finally ruled out a move to the Olympic Stadium following the Games in London next summer.
Spurs chiefs issued a statement after the club proposed to quit the stock market to raise funds to go ahead with a Northumberland Development Project to build a new stadium next door to their current White Hart Lane home.
The statement read: "In light of the decision to formally retain the running track and the incompatibility of football in a stadium with a track, the Olympic Stadium has ceased to be an option for the club.
"Over the last few months, we've been involved in a succession of meetings and discussions at all levels in respect of the NDP and associated developments."
Commenting on the proposed de-listing, chairman Daniel Levy said: "It is clear to us that increasing the capacity of the club's stadium is a key factor in the continued development and success of the club and will involve the company in considerable additional capital expenditure.
"Given this requirement, we believe that the AIM listing restricts our ability to secure funding for its future development. We are ambitious for the club and have always taken the steps that we believe to be in its best interests."