Financing of Spurs’ new stadium development

DLA Piper has advised Goldman Sachs Bank USA, HSBC Bank plc and Bank of America Merrill Lynch International Limited on their financing of Tottenham Hotspur’s new, multi-purpose, 61,500 seat stadium.

The financing package consists of a £400,000,000 development term loan and a £25,000,000 revolving credit facility.

The innovative stadium project is one of the biggest projects of its kind in Europe and, once completed, will host NFL games and numerous other events, in addition to being Spurs’ new footballing home.

The DLA Piper team was led out of London by partner Paul Gray together with Lewis Gaut (associate), Tim Nolan (senior associate) and with strategic input from Media Sports and Entertainment Sector Global Co-Chair, Peter White and partner Randi Bernstein, both New York.

Construction advice was provided by Stephen Malley (Picture), Corinne McCarthy (legal director) and Claire Glew (senior associate). The Real Estate team was led by partner Paul Jayson and Sally Whitney (legal director). Nick Fitzpatrick (partner) and Patrick Mitchell (partner) provided specialist Sports and Media advice. The DLA Piper team also consisted of Neville Wright (partner, Tax) John Delamere (partner, Finance & Projects) and Andrew Batterton (partner, Planning).

Involved fees earner: Stephen Malley – DLA Piper; Corinne McCarthy – DLA Piper; Paul Jayson – DLA Piper; Sally Whitney – DLA Piper; Nick Fitzpatrick – DLA Piper; Patrick Mitchell – DLA Piper; Neville Wright – DLA Piper; John Delamere – DLA Piper; Andrew Batterton – DLA Piper;

Law Firms: DLA Piper;

Clients: Bank of America Merrill Lynch; Goldman, Sachs & Co.; Hsbc Bank plc; Goldman Sachs Urban Investment Group;

Print Friendly, PDF & Email