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Tottenham set to pile on biggest debt in Europe as stadium loan rises to £500m following construction delays

Report claims rising costs have forced Spurs to extend their loan, with White Hart Lane originally expected to be opened in September

TOTTENHAM have reportedly extended their stadium loan to £500million after construction delays.

Spurs were due to move into White Hart Lane for the clash with Liverpool on September 15.

Work is still being carried out on Tottenham's new stadium
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Work is still being carried out on Tottenham's new stadiumCredit: Prime Media

But the build has proved problematic and there is still no date set for opening, although the club shop could start trading this week.

And the insists Tottenham have increased their line of credit by £100m to cover rising costs.

The club announced they had agreed a five-year loan worth £400m with HSBC, Goldman Sachs and Bank of America Merrill Lynch in May 2017.

If they have been forced to extend the deal, their debt would be higher than any club in Europe - ahead of Manchester United, whose obligations were calculated at £487m by Uefa in January.

White Hart Lane is taking shape but there is more to be done before it is ready
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White Hart Lane is taking shape but there is more to be done before it is readyCredit: Prime Media
Mauricio Pochettino's side will hope to take to the field at their new home soon
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Mauricio Pochettino's side will hope to take to the field at their new home soonCredit: Tottenham Hotspur FC

Spurs' new pitch was laid earlier this month in a promising sign of progress.

While the huge new megastore, which will be the biggest inside any ground in Europe, should start trading in the next few days in time for half-term,

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Daniel Levy is creating a state-of-the-art 62,000-seater arenaCredit: Getty Images - Getty
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Nonetheless, a 100-seat auditorium inside the megastore - which will be used for pre-match entertainment - will still not be ready.

Spurs play away next, travelling to Eindhoven to play PSV on Wednesday, before hosting Man City at Wembley next Monday.

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