Harry Redknapp reacts to Tottenham stadium news

Harry Redknapp believes Tottenham’s new stadium will not drastically improve their financial situation.

Speaking to talkSPORT, Harry Redknapp has reacted to the news that Spurs have been granted planning permission to start work on their new stadium after a long and tough battle.

Redknapp said: “I’m sure they are going to build an amazing stadium there. It is going to give them more money, but the owner is certainly not short of a few quid. Joe Lewis is up there with the richest men around. It certainly won’t do any harm, but when they need to invest [now] they can. They run quite a tight ship, and they are going very well at the moment, so I can see them getting in the top four this season.”

Haringey Council approved the proposals after a long discussion yesterday, with the next decision to be made by London mayor Boris Johnson, which should be spoken about next week.

However, this was a major step forward in Spurs’ future of their new ground, and it appears as if the green light has been lit for the club to start serious work on seeing through the plans.

They still need a ground to move into during the redevelopment stage, but the future looks bright for all involved with the North London club.

Former Spurs boss Redknapp believes an amazing ground will be built by the Lilywhites, although he doubts that the new stadium will bring an increased financial strength, as Spurs owner Joe Lewis is already extremely well off.

Recent seasons at White Hart Lane have seen Spurs build their side using strict financial management, and making sure they don’t stretch their wealth, and it is hard to understand why Daniel Levy would end such a regime simply for the sake of it.

Tottenham have proven they can be competitive in the Premier League with their current structure in place, and breaking that simply because they can could place Spurs’ long-term financial future under threat.

Register for TOTTENHAM HOTSPUR team updates

Register for HITC Sport - Daily Dispatch