Arsenal chairman reassures fans over stadium

Arsenal chairman Peter Hill-Wood has reassured fans that the signing of Spanish star Jose Antonio Reyes will not jeopardise plans…

Arsenal chairman Peter Hill-Wood has reassured fans that the signing of Spanish star Jose Antonio Reyes will not jeopardise plans to move to a new ground.

Reyes could end up costing the Gunners £15 million, but not all of that will be paid up front, so it does not affect the £250 million funding they need for their new stadium at Ashburton Grove.

Hill-Wood said: "It doesn't affect the stadium, not one bit. We have an amount for transfer fees in our budget and that won't affect the new ground.  What we have done is use the bulk of the fund in this transfer window rather than wait for the end of the season."

PA