London's "Tottenham" management believes that the projected final cost of the new stadium construction, which is supposed to reach 1.2 billion pounds sterling, is exaggerated. The club believes that they will manage to stay within 1 billion pounds sterling.
The team owner, Daniel Levy, signed a contract for the new stadium construction for the amount of 850 million. However, the construction is delayed, and the construction company "Mace" is obligated to pay for the delay costs. This happened because the construction company "Multiplex," which was responsible for the construction of the legendary "Wembley" stadium, also delayed handing over this legendary structure, but the clients themselves had to pay for the delay costs.
Construction experts claim that due to delays and other problems, "Tottenham" club will not be able to stay within the initial budget, and they predict that the budget will reach at least 1.2 billion pounds sterling.
"Spurs" has not announced the opening date of the stadium, but it is likely that it will not be before the beginning of next year.
