Sorry for the telegraph/thisifutbol overkill fellas but this kind of story now coming regularly what on earth has happened. Perhaps why Joe Lewis is back in town as the shat may have well and truly hit the fan!
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Daniel Levy’s decision not to negotiate a fixed price with Tottenham’s stadium contractor is leaving the club facing a staggering £350million bill, according to the Daily Telegraph.
The newspaper claim the Spurs chairman had the opportunity to sign a fixed-priced contract for the delivery of the new stadium, which had been valued initially at £850million by contractor Mace, who would have had to pay for any additional costs.
The Telegraph report their construction industry sources claim Spurs face a bill in the region of £1.2billion to complete the venue next to the old White Hart Lane, putting the project £350million over budget.
OPINION
Levy might have a reputation as a fearsome negotiator when it comes to player trading and contracts, but has he got in over his head with the new stadium? Fans digesting reports of the eye-watering bill Spurs are faced with for the completion of their stadium will wonder how on earth the long-standing chairman has allowed costs to spiral so far out of control. Wembley was built after a £326.5million fixed price was agreed with firm Multiplex. While the site was already secure and there were not the same complications Spurs have had to face in building a new venue adjacent to the old one, the final bill threatens to leave Tottenham in huge debt for years to come. Sure, they will have a magnificent new stadium, but there’s no point in that if there is not a decent team to grace it. How can Spurs – who did not buy a single player during the summer window – remain competitive if they do not have the funds to spend on strengthening their squad?
And another!
posted on 22/9/18
comment by Manfrombelmonty (U1705)
posted 1 hour, 21 minutes ago
comment by JustCallMeTed (U21528)
posted 27 minutes ago
Oh and it doesn't need to be Chinese either. Any Billionaire with Ambition will do.
I'm a fan who just wants to see Spurs win something before I depart.
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Maybe enter the Emirates cup?
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Right now I'm not sure we'd win that...... if we entered!
posted on 22/9/18
Stop grizzling Ted, you have seen Spurs win plenty. Just get on wit supporting the team like I do.
posted on 22/9/18
I wouldn’t be surprised if someone buys us now with the new stadium, top class training facilities and the squad and manager we have etc
posted on 22/9/18
Please someone buy us out. I don't care anymore about us doing it the right way and City/Chelsea being cash cows. What's it got us? Nothing!!! It's the way to go with football these days. Get Levy and Enic out!!!! Been campaigning for years in regards to Levy being a negative influence and it looks like all my opinions are starting to shed light with this ridiculous stadium scenario and transfer issue.
posted on 22/9/18
Ffs what an actual farce. Staggering incompetence from the so-called Messiah. The Ja606 Levy Defence team will be out in force soon to denounce this as ‘fake news’ or blame it on some other factors though.
posted on 22/9/18
Levy's legacy as a great businessman diminishes by the day.
This stadium project encapsulates him. Wanting things done as cheaply and quickly as possible without giving much thought to how feasible it actually is.
posted on 22/9/18
I know this may get pooh pooed and I’m not treating by it as gospel but surely there’s no smoke without fire. The regularity of these articles also seem to be quite alarming.
posted on 22/9/18
Won’t be that simple just selling the club. Especially as Levy will blatantly massively overvalue them.
posted on 22/9/18
I don’t buy to much I to these stories, they weren’t around till we lost 3 games and the stadium was delayed.
posted on 22/9/18
comment by sandy YNWA (U20567)
posted 13 hours, 21 minutes ago
Stop grizzling Ted, you have seen Spurs win plenty. Just get on wit supporting the team like I do.
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Well, thank God for Erik Lamela!
We managed to hang on for a win, at last.