Tottenham Hotspur chairman Daniel Levy has revealed that the name of the proposed new 60,000-seater stadium to replace White Hart lane will be sold, but has also claimed that the expenditure for the new ground, which is to be built to the North of the existing stadium will not have any impact on transfer policy at Spurs.
Levy unveiled the plans for the new stadium earlier on Thursday, with the site to include, housing, public areas and leisure facilities and has conceded that the naming rights must be sold if the North London club are to progress.
Levy told Sky Sports News: “Unfortunately it's a function of modern day finance - absolutely there will have to be naming rights on the stadium.
“It's going to be a new stadium so it won't be White Hart Lane. If we want things to progress, things have to change.”
The Tottenham chief also dismissed suggestions about the impact it might have on Spurs’ activity in the transfer market, but did reveal that he had discussed the situation with new manager Harry Redknapp and there would be little activity in the January transfer window. With, Levy also confident that Redknapp can guide Tottenham up the Premier League table.
“The stadium has no impact on our transfer policy,” he confirmed.
“When Harry took the job we had a conversation about the current squad and we agreed we have the talent here. One or two small changes maybe but generally we have the talent here.
“There may be limited transfer funds available (in January) but the main transfers take place in the summer.
“Harry's confident and I'm confident that we can move up the table.”