- Jan 20, 2006
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The thing is, we will have to spend £200m on them upfront, and incur the associated interest charges, as well as having to devote resources away from the core competencies of the club, such as time, money and manpower to maintain and manage these. We will also have to try and look to turn a profit on these, in an economic climate that is not necessarily conducive to large scale property development.
The last bit is very anecdotal on my part, but in the current economic climate, turning a profit on those will be much harder, plus they will divery resources from the core competencies of running a football club.
Tottenham Hotspur plc has already spent an unknown but very substantial sum on acquiring and demolishing a large chunk of North Tottenham.