7:00AM GMT 11 Feb 2011
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Defeat in the race for the Stratford site will cost Tottenham
around £100 million a season in revenue and end their immediate prospects of
competing with north London rivals Arsenal as one of English football’s
biggest earners.
Finding a cost-effective new ground has become chairman Daniel Levy’s priority
however.
Having declared the club’s proposed new ground at Northumberland Park unviable
he will look elsewhere as he attempts to permanently close the gap on Arsenal
and the other perennial Champions League contenders.
Speaking last week, Levy told Telegraph Sport that new sites away from
Haringey were an option if the Olympic Stadium bid failed, but said he would
also seek new talks with the council about reducing the cost of the
Northumberland Park site adjacent to White Hart Lane.
Club sources have confirmed that at present the Northumberland Development
Project is too expensive to attract support from lenders, largely because of
development restrictions put in place by English Heritage and the Commission
for Architecture and the Built Environment.
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