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Qatar Airways seeks to sponsor Tottenham Hotspur

11 Dec 2011

(MENAFN) Qatar Airways is in talks with English Premier League football club Tottenham Hotspur for sponsorship rights deal as the club seeks to secure private funding for the redevelopment of its home ground, White Hart Lane, Goal.com reported.

Totenham was reported to have talks with around six to eight potential investors with the carrier thought to be the early frontrunner to secure the deal.

The website also said that the London-based club asked for USD235 million over ten years but the deal period is likely to be over 15.

Tottenham last month unveiled plans to de-list its shares and go private as part of capital raise strategy for a new stadium.

The football club achieved USD629,749 profits for the period ending 30 June, up from a USD10.2 million loss a year earlier.

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