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Spurs owner Joe Lewis is ready to sell the club.

Mirror Sport understands the 77-year-old businessman has wanted to cash in on his investment for some time and would now now like a staggering £1billion for the north Londoners.

There has so far been no interest as any potential buyers will need to assume the financial burden of the club’s new stadium - said to be around £400million.

But it is felt any takers would benefit from the increased revenue generated by the 56,000-seater venue, income from naming rights and TV cash.

Self-made billionaire Lewis controls ENIC International Ltd, which bought a controlling stake in Spurs from Alan Sugar back in 2001 for around £22million.

Tottenham insisted on Wednesday night there are no plans to relinquish control, but Mirror Sport understands the club are desperate for new boss Mauricio Pochettino to lead them back into the Champions League to increase the appeal to fresh investors.

Spurs revealed a fresh stumbling block earlier in the day relating to their stadium plans, as they now face having to play all of their home matches away from White Hart Lane for one season.

In pictures: Tottenham's new stadium design

A legal wrangle has left them “highly unlikely” to move into their new arena in time for the 2017-18 season.

Plans for the 56,250-capacity ground, to be built next to the current stadium, are being challenged by the landowners.

In a statement, Spurs said: “The club has revised its construction programme in order to take the shortest possible time to construct.

“This now therefore involves the club moving away from the Lane during construction for a period of one season, to start at the beginning of a season in order to comply with Premier League rules.

“We are currently undertaking due diligence on alternative stadium options.”