In response to a FOI request made by a supporter.
A breakdown of public subsidy to Tottenham Hotspur.
In February 2012, Cabinet approved a £27m Funding and Investment Package
for North Tottenham.
The funding comprised of £18m of funding from the
Greater London Authority (GLA) and £9m funding from the council. This
included a decision to allocate £8m of funding for ‘public realm and
heritage improvements’ linked to the Northumberland Development Project
(the new stadium and associated development currently underway by
Tottenham Hotspur) scheme.
Via a Cabinet Member Decision to be taken in April 2017, we will be
seeking approval to enter into formal grant agreements with THFC to
contribute £7.5m (£500,000 of the £8m funding has previously been used to
contribute to the North Tottenham Heritage Initiative) for the public
realm and heritage improvement works Tottenham Hotspur Football Club
(THFC) will be undertaking as part of the NDP scheme.
Since February 2012, the Council has also undertaken the following funding
transactions with THFC:
§ £32,898 to THFC for services such as room hire
§ £644,215 to the Tottenham Hotspur Foundation (THFC’s charitable
foundation) for the delivery of programmes relating to health, social
care, community development, education and employment
§ £4,000 to Tottenham Hotspur Ladies Football Club for sports and