Ukrainian reported advances with forces continuing to engage in intense fighting along the frontline, as European Union leaders

LONDON--(BUSINESS WIRE)--Sep 4, 2023--

Michael Burry’s Scion Asset Management exited its stakes in Alibaba Group Holding Ltd. and JD.com Inc. in the

Tottenham chairman Daniel Levy has vowed to not stand still in his ambition to drive further positive change in the area of the club’s stadium. An in-depth analysis of Spurs’ socio-economic impact from the 2021-22 season by law company EY has found the club now contribute around £900million of gross output to London’s economy, generating an additional £478m of Growth Value Added (GVA) in London. A total of £296m of this GVA is for the borough of Haringey specifically, which is a vast increase on the £120m GVA per annum being generated in 2015 when the club called 36,284-seater White Hart Lane its home. This study, which follows a benchmark report by Tottenham in 2015, also estimated the growth of the club’s socio-economic impact will reach £585m GVA by the 2026-27 season with around 4,300 jobs, in comparison to the 1,800 jobs it supported eight years ago. EY’s report follows the news Tottenham Hotspur Stadium, which hosts non-football events all-year round, has been selected as one of the venues for Euro 2028. Spurs chairman Levy said: “Delivering tangible benefits to those living on our doorstep has always been a driving factor since we initially undertook the stadium development project – four years on from the stadium’s opening, this report clearly shows the difference it is making to people’s lives and the economic prosperity it is bringing to our community. “We will not stand still – with plans for further Visitor Attractions, notably F1 DRIVE-London, new homes, a new creative quarter and a hotel in the years to come, this area that we are so passionate about will continue to benefit from the club’s investment and being home to one of the world’s greatest football clubs and stadia. “Everyone involved should be extremely proud of the findings of our latest socio-economic impact report.” Football has the power to unite communities, and this report shows football clubs can play a major role in building a better and more prosperous London for everyone. Sadiq Khan Sadiq Khan, the Mayor of London, added: “It’s fantastic to see the positive impact that the Tottenham Hotspur Stadium has had in the local area – from job opportunities and skills learning to local small business investment. “Football has the power to unite communities, and this report shows football clubs can play a major role in building a better and more prosperous London for everyone.” Read More Wales call on Chris Coleman in bid to boost Women’s Nations League hopes The key talking points ahead of England’s Women’s Nations League double-header Kevin Sinfield vows to keep raising funds to combat MND ahead of new challenge

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