Tottenham Hostpur have struck a private deal with a local company which clears the path for a new £400 million stadium to be built.

The club released a statement to say an agreement had been reached with Archway Sheet Metal Works to buy their property in Paxton Road. 

The Premier League outfit have planning permission for a 56,000-seater stadium on the site of their current home at White Hart Lane, but have faced a lengthy court battle with Archway. 

A High Court ruling in February upheld a compulsory purchase order of the site, with the family business deciding in March not to appeal the decision.

The statement, posted on the club's website on Tuesday, read: "Tottenham Hotspur Football Club, Archway Sheet Metal Works Ltd and the Josif Family (Archway) are delighted to announce that a private agreement has been reached for the purchase of Archway's property on Paxton Road by the Club.

"In order to allow Archway to relocate its business appropriately, the Club will not take possession of the land until later this year."

Tottenham are still searching for a temporary home for the 2016/17 season while the new ground is being built. Milton Keynes’ stadiummk, the Olympic Stadium and Wembley, have all been touted as possible locations.  

Posted on 01/04/2015