Tottenham Hotspur - Northumberland development project

31/5/2017
Project development, Project finance

£ 400 million

$ 514 million

Announced

31/5/2017


Overview:

  • Tottenham Hotspur - Northumberland development project.
  • Tottenham Hotspur Football & Athletic Co has taken out £400 million in financing to fund its new stadium, otherwise known as the Northumberland development project.
  • The financing will be used to fund ongoing construction of the new stadium and includes a £25 million revolving credit facility.
  • The existing £200 million stadium at White Hart Lane will be replaced by the new one for the 2018/2019 football season.
  • The new stadium has a capacity of 61,559 and the project also includes plans for new homes, a hotel, a health centre, a museum and a club shop.
  • This is another stadium development project in the UK following the Everton FC Bramley Moore Dock stadium project.

Katrin Kostadinova - Data analyst

Jurisdiction:

United Kingdom

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Governing law:

England and Wales

Industry sectors:

Real estate
Entertainment
Sport


Firms:

Party: Goldman Sachs (Lender)

Party: HSBC (Lender)

Party: Bank of America Merrill Lynch (Lender)

Lawyer: Paul Gray


Party: Tottenham Hotspur (Borrower)