News reports are dominated by one story today and that concerns Tottenham’s intention to de-list from the Stock Exchange after posting record annual profits.
The Statement on the club website from Daniel Levy reads,
“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,” a club statement read.
“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.”
Levy has often spoken of the fabled ‘next level’ and the pivotal role that a new stadium will have in the process. Today’s announcement appears to set those wheels firmly in motion.