Levy rejected Johnson’s demand, saying that it would be “irresponsible” to commit to north London without further guarantees.
“The proposed stadium scheme and wider area development have the potential to lever hundreds of millions of pounds worth of much-needed regenerative development to Tottenham. But we cannot be expected to do this single-handedly.
“We have seen land values fall again post the recent riots and this is a further concern for the club as they consider the nature of the investment. The overall scheme requires a complex package of financing of which the correct level and nature of public support is critical.
“It would be wholly irresponsible of us to announce we were proceeding with the scheme without the appropriate agreements and support firmly in place. Discussions are continuing with all the relevant stakeholders and we shall, as always, keep our supporters updated.”
