Why would anyone sell a Premier League club right now? And why would anyone spend money on a new stadium? To understand what’s happening at Tottenham Hotspur, these questions need to be answered.

This week, there have been reports that Spurs are up for sale. The price? A ludicrous £1 billion. Almost at the same time, the seemingly endless saga of the new stadium took another twist. The club announced another delay to the construction and claimed they may have to move out of White Hart Lane for a season while building takes place on the site.

Making sense of all this is not easy. Yet events in north London illustrate the changing financial nature of the sport and its relationship with the local community.