EXCLUSIVE: Spurs to have 50,000 stadium by 2012

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Sportsmail can reveal that the £300million project, which has more than a passing resemblance to Arsenal's Emirates home, will be built adjacent to the existing site, with work to start before the end of the year.

Levy is due to make an announcement on the new ground within the next month, but Spurs are still tying up the finance for the project.

The chairman, determined to leave a legacy by building a stadium and team that will be the envy of Europe, is expected to borrow most of the cash.

Although club officials are determined to protect the identity of White Hart Lane, executives have sounded out companies with a view to selling naming rights.

The huge bowl, which some cynical Spurs insiders believe is too similar in design to Arsenal's home, will take three years to build.

Although Levy has investigated the possibility of playing at Wembley or at West Ham, there is potential for them to continue playing at White Hart Lane while building work takes place.

Keeping up with the Jones's: Tottenham will have a home like Arsenal's Emirates Stadium