New Stadium

Joint statement from Spurs/Harringay council issued today giving assurance that they are both committed to the development. Harringay offering £9m for redevelopment of area plus London mayor lobbing in £18m for the same.

Hands up all those who are baffled why the council tax payers of Haringey are giving £9 million and the residents of the capital are contributing £18 million toward the expansion of a business owned by a Bermuda based tax exile and whose employees earn twice as much £ in a week than the majority of them earn in a year ?

(And whose manager is currently in the dock on tax evasion charges )

WTF is that all about

Funding pledge helps Spurs commit to stay in Tottenham


Tottenham Hotspur Football Club has confirmed it will stay in the area after funding pledges from Haringey Council and the London Mayor.

Subject to approval, Haringey will invest £9m and Boris Johnson has committed £18m for mass regeneration.

Spurs chairman Daniel Levy said public funding strengthened the club's ability to deliver a new stadium scheme.

Last year, the club abandoned plans to move to the Olympic Stadium after the Games.

Spurs has committed to progressing the Northumberland Development Project (NDP), which could bring a modern football stadium, new homes, shops and leisure facilities to Tottenham.
'Maximise regeneration'

Mr Levy said: "As a major employer and business in the area we are delighted with this commitments from the mayor and Haringey Council.

"We have long said we could only invest in the area if we could see our commitment supported by others and there was a real need to maximise the regeneration benefits and lift the wider area."

The Mayor of London said: "I am committed to securing Tottenham's long-term future and the time has come for Spurs to show its commitment to the area by investing with urgency and determination to deliver the jobs and growth desperately needed in this much neglected part of our city."

Mr Johnson, through the Mayor's Regeneration Fund, is making other money available to help with regeneration projects in the wider Tottenham area, including £4.5m for an employment and skills programme and £4m to help buy key sites to bring forward for development on the High Road and Tottenham Hale.

Tottenham MP David Lammy said: "The recession and the anaemic growth that has followed have hit this corner of north London harder than anywhere else.
'Silver bullet'

"At the moment, Tottenham has the highest number of jobseekers in London and the fourth highest in the country.

"Whilst no-one expects the new ground to be a silver bullet that will solve Tottenham's economic woes, this is certainly the most significant step yet to transform the area's future. "

Earlier this month, Spurs delisted its shares from the stock market and went into private ownership as part of its plans to raise money for a new stadium.

The club had expressed an interest in taking over the Olympic Stadium, but a legal wrangle arose after West Ham United and Newham Council were awarded the stadium to use after the 2012 Games.

I see you have the good fortune to live in Kent Vis and I also will not be contributing directly to the handout as an ex Londoner

If I was putting my hand in my pocket to fund Spuds you are right - I would be f****** furious

I guess a fair number of Londoners who have got no interest at all in football feel similar as they watch councils cutting services and jobs in order to ensure Jermaine can afford a new Bentley




I

Be serious Vis - Joe Lewis is a tax exile billionaire who runs a business that by chance happens to have a base in one of the poorest boroughs in London. That business employs a handful of millionaires none of whom come from Haringey, live in Haringey or have a clue about Haringey. Less than six months ago Spuds were ready to walk away from Haringey with not a backward glance for the chance of greater profit at the OS.
If Joe's business flourishes then every penny of profit will fly to Bermuda.

So no Vis I don't really think it is the same as spending tax payers money to build houses in Cardiff or factory space on Tyneside

I think any Premier League football club receiving tax payers money to fund their commercial operations is obscene Vis -clubs enjoy massive revenues, reward themselves with massive salaries for players, managers and directors, do their best to screw the last penny out of their supporters - and as you correctly point out the whole business model is directed toward making a very rich group of blokes even richer.

And then have the feckin cheek to go round the town hall with the begging bowl

Power to the People !

Nic I know you're not thick and you've simply got your gooner hat on here with this tripe ...

This is all about Tottenham Hotspur Football Club sticking up for the area and its people ...Money invested to upgrade local peoples working skills, for the local unemployed and the regeneration of the run down High Street and surrounding area.
It's got nothing to do with subsidising the club's commercial operations and you know it!

No hat at all Arnie - How can taxpayers money used to purchase property on the High Road that will be demolished be justified ?

If THFC want to buy the inconveniently located property and pull it down get on with it - why do they need £ 8 million public funding to do it ?


If Spuds require Tottenham Hale station to be enlarged to cope with the ( paying) crowds at WHL before and after each game that is fine - tell Levy to get his hand in his pocket and pay for the work - not the local council tax payers.

No doubt Sheikh Mansour is round Manchester town hall tapping up the locals for a bung to fund his Eastlands complex