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Tottenham deny reports club up for sale

Tottenham have denied reports the club is up for sale.

It was suggested billionaire owner Joe Lewis was prepared to sell the club as Spurs build a new stadium adjacent to their current White Hart Lane home.

A statement on tottenhamhotspur.com read: "Contrary to recent press speculation, neither the club, nor its majority shareholder, are in any takeover discussions and the focus of the club is fully on delivering the new stadium project."

Spurs plan to build a 56,250-capacity venue next to the existing White Hart Lane ground, which holds around 36,240.

Additional funding is being sought, with Rothschild appointed as financial advisors.

"The stadium redevelopment plans are a significant part of the future for both our club and the local area and represent a complex infrastructure project that requires funding," the Spurs statement added.

"This substantial construction project requires discussions with multiple providers of finance so that the optimum financing package can be achieved. To this end, we have appointed Rothschild to advise us on those options.

"Accordingly, we are at a stage where we are starting to engage with a number of financing institutions and potential funders in respect of the new stadium development project."

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