Crunch to slash cost of Spurs stadium

Spurs are set to save £40 million on the cost of their proposed 60,000 seater stadium thanks to the falling price of steel and cement, the club’s finance director has said.

Tottenham Hotspur Football Club’s FD Matthew Collecott told Bloomberg that a planning application was due in “the next few months”.

“The stadium build cost has come down by about £40million because of a fall in the price of steel and cement, and people who want to do this project have greater availability than they did a year or so ago.”

Liverpool also hope to make savings on their stadium as a result of the crunch, of about 25-30 per cent, according to the newswire.

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Read the Bloomberg piece

Spurs stadium planning application “within months”