Tottenham are set to save £40million on the cost of their new stadium, finance director Matthew Collecott has revealed. Collecott told Bloomberg: "The stadium build cost has come down by about £40million because of a fall in the price of steel and cement, and people who want to do this project have greater availability than they did a year or so ago."

Collecott feels Spurs' stadium plans will lead to a positive impact on the area surrounding the ground.

"Nobody else is going to pump £250million into this part of London," Collecott said.

"It doesn't take a genius to realise it's not the nicest area. It could be the start of much-needed regeneration for this part of north London."