Tottenham Hotspur are close to a breakthrough to secure naming rights for their stadium, almost three years after it opened.
Named ‘Tottenham Hotspur Stadium’ at the opening, the plan was for that name to be a placeholder while a multi-million pound deal was struck to sell the naming rights, but no agreement has been reached yet.
Daniel Levy has been looking for a buyer for several years / Alex Burstow / Getty Images
Finding a sponsor has taken an absolute eternity, but according to the Daily Mail, the wait for a new name may soon be over.
It is claimed that chairman Daniel Levy is in advanced negotiations with a sponsor and may well have a deal to announce before the new season begins in August.
In addition to finally ending this saga, it will do wonders for Spurs’ finances to secure a sponsor for the name. The £ 1.2 billion construction project has left Spurs with around £ 600 million in debt, so selling the naming rights would help balance the books.
Spurs are perceived as planning work to expand their stadium complex. It was already revealed in June that the City Council had approved plans to add a building for extreme sports and a health center for the community, and there have even been proposals that an art gallery is on the way.
These are the plans for the short term, but further ahead in a row, there are also hopes of adding hotels and residential areas.
Beef in the arena would increase to a summer that has already been hectic for Spurs. Their search for a new manager lasted much longer than ever, but club officials eventually turned on Nuno Espirito Santo as the man who led them forward.
Nuno is in charge now / Catherine Ivill / Getty Images
Spurs can now focus on transfers as they look to rebound into the Premier League position, but with the euro now over, speculation about the future of striker Harry Kane will only continue to grow.
Kane has promised to talk to Spurs after Euro 2020, which ended on Sunday when his England side fell to Italy in the final.
