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Tottenham consider new share issue

Tottenham are considering a new share issue.

The Times says Spurs are considering issuing new shares to help to finance their proposed 60,000-capacity stadium adjacent to White Hart Lane. Some money will come from a retail and housing development on the site, while the remaining balance could be borrowed, but banks have been unwilling to lend large sums in the present economic climate.

The club, who have a debt of £40.1 million, hope to apply for planning permission in the next few months. Fans could also be asked to buy long-term season tickets, in a similar fashion to how Arsenal helped to fund the Emirates Stadium.

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