Spurs after a new ground

Tottenham's future at White Hart Lane is in serious doubt as

Spurs want to redevelop their traditional home, but chairman Daniel Levy has always made it clear they would only do so if the Government and Haringey Council invested in the local transport infrastructure.

Although Spurs have excellent relations with the highly-rated Tottenham MP and junior Health minister David Lammy, they are unhappy at the lack of progress on the issue and are now seeking to cover their options.

Spurs today announced a £75 million bond to fund their new training centre and football academy at Abridge in Essex and possible redevelopment of White Hart Lane.

But Levy said: "This is a very flexible and innovative agreement.

"With regard to White Hart Lane there are a number of significant issues to overcome before a planning application could be submitted."

The privately-placed bond is the largest ever secured by a football club.

Up to £65m will be drawn down only when the club begins building work on the projects.

The bond has been secured against the two projects when they are completed. The remaining £10m has been made available to replace existing borrowings.