Tottenham refinance £637m stadium debt but purse strings will not loosen

By | 20th September 2019

• ‘It will have no bearing on how we run the club,’ says Daniel Levy
• Chairman defends his policy and says there is no quick fix

Daniel Levy has insisted that he will continue to run Tottenham on the balanced and relatively frugal business plan that has characterised his 18-year chairmanship after he announced a refinancing of the club’s stadium loans.

Spurs borrowed £637m from Goldman Sachs, Bank of America Merrill Lynch and HSBC for the £1bn project and the money was due to be repaid by April 2022. But through US investors Levy has converted roughly £525m of the debt into a bond scheme, with staggered maturities of between 15 and 30 years.

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This post written by David Hytner originally appeared on Football | The Guardian. Read the full post here.

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