We were delighted to announce earlier that we have reached agreement for the acquisition of the final piece of land required to complete the land assembly for the new stadium redevelopment scheme and will take possession of this land later this year.

We shall engage with our financial advisors, planning consultants and Haringey Council to progress matters now that we have certainty of possession.

As we have previously reported, the Club has used the intervening period during the CPO process productively in order to refine the detailed design of the stadium, which was originally produced in 2008, to ensure it is optimised and that it meets the latest technical requirements and improvements in stadia design.

We have already commenced pre development and site clearance works and will shortly submit, to Haringey Council, an application for a minor material amendment to our planning permission for consent for a basement level on the new stadium site.

Our intention is to move the already consented car parking into the basement level, alongside plant and furniture storage, in order to allow us to free up space at the ground floor level to be allocated to other operational requirements including enhanced media facilities and extended player changing areas.

Chairman, Daniel Levy said, “Our commitment is to find the best solution for the Club, our supporters and our community. It will be our new home for many years to come and we want it to be world class.

“We are aware that both our fans and the local community are eager to see the stadium delivered as soon as possible and we shall be working to do so. I must however urge patience in the interests of getting the best possible outcome for all and ensuring that we progress diligently. It is a hugely complex and large-scale project."

We look forward to updating all stakeholders in the coming months.