Tottenham Hotspur Football Club (THFC) has revealed plans to de-list from the Alternative Investment Market (AIM) in a bid to raise funding for its stadium redevelopment plans.

In a statement issued to the London Stock Exchange on 16 November, the club said its AIM listing was "restricting" its ability to raise the necessary backing for its proposals.

A new 56,250-seat stadium designed by KSS Group is at the heart of THFC's plans for the Northumberland Development Project, which will also help regenerate the surrounding area.

However, recent reports have suggested that the club is seeking to increase the capacity of its proposed new stadium to more than 60,000.

THFC chair Daniel Levy said: "It is clear to us that increasing the capacity of the Club's stadium is a key factor in the continued development and success of the club and will involve the Company in considerable additional capital expenditure.

"Given this requirement, we believe that the AIM listing restricts our ability to secure funding for its future development. We are ambitious for the club and have always taken the steps that we believe to be in its best interests."