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Tottenham Hotspur delists shares from stock exchange | Tottenham Hotspur delists shares from stock exchange |
(about 2 months later) | |
By Bill Wilson Business reporter, BBC News | |
Football club Tottenham Hotspur has delisted its shares from the stock market and gone into private ownership. | Football club Tottenham Hotspur has delisted its shares from the stock market and gone into private ownership. |
It is part of the north London Premier League club's plans to raise funds for a new stadium. | It is part of the north London Premier League club's plans to raise funds for a new stadium. |
The club confirmed that 13 January had been the last day of trading in its shares on the AIM index. | The club confirmed that 13 January had been the last day of trading in its shares on the AIM index. |
Last year, chairman Daniel Levy said delisting from the exchange would help it, as the listing restricted the club's "ability to secure funding". | Last year, chairman Daniel Levy said delisting from the exchange would help it, as the listing restricted the club's "ability to secure funding". |
Tottenham signed plans to redevelop their White Hart Lane ground in north London last autumn. | Tottenham signed plans to redevelop their White Hart Lane ground in north London last autumn. |
The club had also expressed an interest in taking over the Olympic Stadium, and a legal wrangle arose after West Ham United and Newham Council were awarded the stadium to use after the London 2012 games. | The club had also expressed an interest in taking over the Olympic Stadium, and a legal wrangle arose after West Ham United and Newham Council were awarded the stadium to use after the London 2012 games. |
But in its latest financial results last October, Spurs said it was no longer interested in bidding for the stadium as a tenant, because the Olympic running track would be retained. | But in its latest financial results last October, Spurs said it was no longer interested in bidding for the stadium as a tenant, because the Olympic running track would be retained. |
Instead, it said the club was actively consulting on plans to redevelop its existing ground. | Instead, it said the club was actively consulting on plans to redevelop its existing ground. |
The club is currently third in the Premier League and is mounting its strongest title challenge in many years. | The club is currently third in the Premier League and is mounting its strongest title challenge in many years. |