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Tottenham secure loan for new stadium

Tottenham have secured a loan of £350 million that they will use to help with the construction costs of the new stadium.

According to The Times, Tottenham have secured the loan from global banks HSBC, Goldman Sachs and Merrill Lynch. The total costs of the new stadium, is expected to reach £750 million by the time of completion in 2018.

The loan will be paid back over a five-year period before being re-financed. The London club will get back some of the money by selling the naming rights to the new stadium.

JC

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