It's been a long time coming, but it looks like the final hurdles are being cleared by Tottenham Hotspur to proceed with the construction of the new stadium. After a lengthy battle between the club and Archway Steel was finally put to rest, ownership group ENIC and Tottenham Hotspur Football Club made their final push to the necessary entities and received their ok. The only thing left was to get the approval of the Mayor of London.
Today, that became official. In a series of tweets put out by the club, Chairman Daniel Levy and the club commented on what appears to be the final hurdle for development to kick into high gear.
Daniel Levy: "This marks yet another major milestone for this vital & complex scheme & we're grateful to the Mayor for his ongoing support."— Tottenham Hotspur (@SpursOfficial) February 25, 2016
Daniel Levy: "We remain focused on completing the final stages of the planning process."— Tottenham Hotspur (@SpursOfficial) February 25, 2016
This comes with little surprise or fanfare, given that once the final plan approvals were made public and no businesses stood in the way, it was just a matter of time before the club received the OK.
Daniel Levy hints that the final stages are ongoing, and the elephant in the room now is finding a place for Tottenham Hotspur to play their 2017-2018 season. The English Football Association has suggested that Wembley Stadium's dates are being cleared around that time, but nobody with the FA, Wembley, or Tottenham Hotspur are going to come out and say it's a done deal until everyone's signed off. There have been suggestions that Spurs could also play their league matches and potential UEFA competitions at Wembley and using Milton Keynes for domestic cup competitions.
It's unclear as to how much new revenue the development project is going to bring in. With a new attendance of over 60,000, up from the 36,000 of White Hart Lane, ticket sales in general are going to explode. Add in the fact that the National Football League have also signed onto the deal with their eight year agreement starting in 2018 to play at least two games a year at the new stadium, which can potentially lead to a full-time NFL team in London. Daniel Levy and ENIC know what they're doing, and the club are in a fantastic position because of it.
The development project has withstood some major challenges, and it appears that ENIC can finally rest easy. With Spurs sitting in second place in the league, approval finally happening for the stadium project and having one of the most talented young squads in all of Europe, it's a great time to be a supporter of Tottenham Hotspur.