Tottenham become the most in-debt club in Europe

Tottenham Hotspur have increased their stadium loan to a whopping £500m according to the Daily Mail.

They claim the North London club have increased their line of credit by £100m.

The Sun say Spurs agreed a five-year loan worth £400m with HSBC, Goldman Sachs and Bank of America Merrill Lynch in 2017.

If this is all true, Tottenham will become the most in-debt club in Europe, ahead of fellow Prem side Manchester United.

United’s debts were calculated at £487m in January this year.

Tottenham have experienced a multitude of issues with their new stadium build over the summer.

The 62,000 seat ground was originally supposed to open on September 15 against Liverpool.

Issues with the fire safety system delayed the grand opening.

Since then, the club have failed to announce a new opening date, but with the pitch being laid last week, it can’t be far off.

Daniel Levy will desperately want those doors open as soon as possible to begin repaying these loan fees.

Keep up to date with all the latest Tottenham news and opinion by following SpursWeb’s Facebook, Twitter and Instagram accounts.

Related Topics

Have something to tell us about this article? Let us know