Tottenham refinance over half a billion pounds of stadium debt 

20 September 2019

Tottenham
Photo: Getty Images Daniel Levy, Tottenham's chairman, says it won't affect their frugal transfer strategy and business plan that Tottenham Hotspur have refinanced a massive part of their debt into bonds.

Tottenham Hotspur have refinanced a massive part of their debt into bonds.

Daniel Levy, Tottenham's chairman, says it won't affect their frugal transfer strategy and business plan.

Christian Fomsgaard Jensen cfj@offthepitch.com

Tottenham Hotspur have decided to refinance loans of over half a billion pounds, taken out to build their new stadium. 

In order to support the construction of the £1.2 billion stadium, the club borrowed £637 million from Goldman Sachs, Bank of America and HSBC.

These loans were supposed to be paid back by April 2022, but this week the club have completed a private placement in the US that converted roughly £525 million of their debts into bonds with staggered maturities between 15 and 30 years. 

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