Tottenham Hotspur need a new stadium, says
Arsène Wenger
Arsène Wenger believes that
Tottenham Hotspur’s ownership want to sell the club. The Arsenal manager
feels that Tottenham have to build a larger stadium if they are to avoid
falling behind the Premier League’s leading clubs and
he says that, at the very least, they will need outside financial help to do
so.
Tottenham have denied that
they are in takeover discussions but are seeking financial assistance for their
proposed new 56,250-capacity stadium, which is to be built on the land adjacent
to White Hart Lane. The project has been beset by complications and delays, and
the club’s latest estimate is that the team will not be
installed until the 2018-19 season, at the earliest.
Arsenal moved from Highbury
to the 60,000-capacity Emirates Stadium in 2006 –
the entire project cost £390m – and Wenger has
described the period surrounding the relocation as the “most
sensitive in the club’s history”. Prices have since
spiralled in London and Wenger cannot see how Tottenham could finance the new
stadium themselves, using the same self-sustaining model as Arsenal did.
“It looks like they want to sell the club,”
Wenger said, before Tottenham’s derby visit to the
Emirates on Saturday. “If an owner comes in and says: ‘Look,
I put £400m in to build the stadium,’ it is easy. I don’t
know their financial plan well enough. But in the end, we built our stadium for
[about] £400m. Today, it would cost £600m-£700m. Do Tottenham need outside
help? Certainly, yes.”
Wenger was asked whether he
thought Tottenham might have missed the boat on their new stadium. “It
depends who comes in and buys the club,” he replied.
Wenger added: “The
way we did it [build the Emirates], is the hardest way, because we had no
outside financial help. We had to negotiate with the banks just to get the
money at the start and let’s not forget, we paid
£128m just for the ground and we helped to build a recycling centre in
Islington.
“It is massively difficult to come through that period.
When we were in a position where we had to be in the Champions League just
financially, and you get into March or April and you are not in the top four,
it is extremely difficult. The stress is terrible because you feel the future
of the club is at stake and you have no margin for error. Every point you lose
can be dramatic.”
Wenger spelled out to
Tottenham the imperative of a successfully delivered new stadium. “Financially,
for sure,” he said. “You cannot be in a
business where you turn down 15,000 or 20,000 people every week. It looks like
everybody makes this decision now because Liverpool and Everton want to
increase their capacity and West Ham go to a bigger stadium [in 2016]. So if
you stay in a smaller capacity, it’s even more
difficult.
“I just think it’s much more difficult
today, because we built our stadium at a price that you couldn’t
afford anymore. We managed to build our stadium by subsidising it with our own
resources. That is much more difficult today.”
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