Tottenham Hotspur’s negotiations with HSBC over a deal for naming rights of the club’s new stadium have collapsed, according to The Times.
Daniel Levy and the bank’s chairman Mark Tucker were unable to agree on a figure, meaning Spurs’ hunt for a naming rights deal continues.
With the entire new stadium project costing in excess of £850m, Tottenham are looking to strike a deal with a major company to help fund the project through selling the naming rights of the stadium.
Naming rights deal
HSBC have been unable to reach an agreement with Spurs over a deal for naming rights of the club’s new stadium.
Mark Tucker had shown a real enthusiasm for the club’s new project, however, with negotiations collapsing and the bank unsure over venturing its brand into football, a deal now looks to be off the cards.
Levy and Tucker have previously done business together in the past, with the former chief executive of the AIA Group agreeing a deal to become Tottenham’s shirt sponsors back in 2013.
New stadium delays
Last week saw workers on the construction site of Spurs’ new stadium reach a record high with around 3,800 people working to ensure it is completed for the club’s first game against Liverpool on September 15.
Tottenham were forced to strike a deal with the Premier League and the FA to move the club’s first home game of the new season against Fulham to Wembley Stadium.
The club are understood to be offering workers incentives to work 16 hour days to avoid yet further delays
“It’s been difficult to add players who can help”
Mauricio Pochettino has admitted that Tottenham have struggled to find the rights players to sign this summer and that the club may end the window having made not one new addition.
“We are working so hard but still we are like it’s the first day of the transfer window – with no signings.
“I think I am not the person to explain it.
Of course, people expect the manager to explain that but, for different reasons, it’s been difficult to add players who can help us. But in the last week many things can happen.
When asked if he was relaxed about Tottenham transfer activity, like the club’s executive director Donna-Maria Cullen suggested, he responded:
“I’m not relaxed because I’m a coach and you cannot be relaxed.
“I think you need to be confident and trust in the people we have and the way that we work.
“Of course, football is all about adding more quality every season like our rivals are doing.
“If we cannot do that, we need to try to be creative and, of course, the help of younger players will be amazing and they showed they can help us if, in the end, we cannot sign players.”