Tottenham reach £500m deal

Tottenham have taken a major step towards naming their £500m, 20-year stadium, which promises to be a financial coup for the club.

The stadium naming deal worth more than £500m over 20 years is a major step forward for chairman Levy in strengthening Tottenham Hotspur's finances and increasing their competitiveness.

According to The Guardian , Tottenham are in the final stages of negotiations with a consortium from Saudi Arabia to sign a stadium naming deal, with an estimated value of more than £500m over 20 years, equivalent to at least £25m per season.

The deal is seen as a way for Tottenham to clear their £851.5m debt from the construction of the stadium. The stadium naming deal not only brings financial benefits but also helps Tottenham strengthen their position in the fiercely competitive Premier League.

The revenue from this deal will help Spurs reduce the pressure on their stadium debt, allowing them to reinvest in the squad. According to financial expert Stefan Borson from Oxford University, the £25 million a season will directly increase the wage budget, helping Tottenham attract big stars.

Chairman Daniel Levy, who led the negotiations, succeeded in offering potential partners a minimum price of £25m per season, significantly higher than similar deals in the Premier League, such as Manchester City's contract with Etihad Airways (£15m/year).

The Tottenham Hotspur Stadium, which opened in 2019 at a cost of £1.2 billion, is one of the most modern stadiums in Europe, with a capacity of 62,850 and the ability to host a variety of non-football events, such as NFL games, Beyoncé concerts, and other sporting events.

Source: https://znews.vn/tottenham-dat-thoa-thuan-tri-gia-500-trieu-bang-post1570595.html