Sunday, October 21, 2018

THE TOTTTENHAM HOTSPURS LOAN FOR THE NEW STADIUM REACHES ANEW RECORD..

Tottenham Hotspurs are now redeveloping their famous stadium called WHITE HERART LANE, it is said to have a sitting capacity of roughly 62,000, sixty two thousand seats. But unfortunately there have been repeated delay in finishing the stadium, it was original to have been opened and their first game was to have been between Tottenham Hotspurs and Liverpool on 15/9/2018, but sadly the stadium was not ready then, and nether is it now, there are thousand of miles of electric wiring to be done, as the first wiring was faulty and there were fears of fires starting at the points. David Levy the chairman of Tottenham Hotspurs has said that there were more then one contractor to blame for this big delay. And they could expect the new stadium opened In the spring only. But sadly the longer the delay higher the final amount would be. Now the club has taken a loan from several banks like American Bank Merrill Lynch, H.S.B.C, Goldman Sach . The amount from 400, four hundred million loan has now reached 500 hundred million pounds, they got another 100, hundred million pounds. But the interest will be huge and by the way this figure of 500 , five hundred million pounds breaks the previous record of Manchester United , who had a debt of 486 , four hundred and eighty six million pounds. Please note Tottenham Hotspurs have not sold players to generate funds ,like Arsenal did when The Emirates Stadium was built.

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