Tottenham Hotspur FC has announced plans to de-list from the stock market and return to being a private company in an attempt to raise money to build a new stadium.
Chairman Daniel Levy announced the plans to the stockmarket this morning.
He said: “It is clear to us that increasing the capacity of the club’s stadium is a key factor in the continued development and success of the club and will involve the company in considerable additional capital expenditure.
“Given this requirement, we believe that the AIM listing restricts our ability to secure funding for its future development. We are ambitious for the club and have always taken the steps that we believe to be in its best interests.”