Alan Sugar reacts to Spurs for sale story

White Hart Lane 5

Former Tottenham Hotspur chairman has responded to claims that Lilywhite owner Joe Lewis is looking to sell the club for £1 billion.

"This is an over enthusiastic journalist who made it up in the Daily Mirror," said former Tottenham Hotspur chairman Alan Sugar to talkSPORT in response to news that current owner Joe Lewis was looking to sell the club, but only if he received an extraordinary ten figure sum. "They're not selling, they've got no buyers and there's no one buying it for £1 billion," he added.

"I suppose it's like me saying, 'Roman Abramovich is going to sell Chelsea for £3bn'. I'm sure he would if someone came along and offered him £3bn, but there's no one around offering Spurs £1bn.

"It's total nonsense. If you ask any businessman, 'Would you sell that for £1bn?' You might get their attention. It's not for sale at all. Someone has started a bit of a rumour for no reason at all."

Spurs are currently looking to construct a new 56,000 seater stadium, however, plans have been struck by numerous delays.

Sugar continued: "If you're a billionaire, you do not shell out £350million in cold blooded cash to go and build a football stadium. No one's ever done it and no one's ever likely to do it. You do not become a billionaire by making irresponsible moves like that."

Sugar's comments come after the club itself issued a statement quashing the report in The Mirror.

A statement said: "Neither the club, nor its majority shareholder, are in any takeover discussions. The focus of the club is fully on delivering the new stadium project."

The development of a new stadium is expected to cost between £350 million and £450 million.

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