Joe Lewis, the wealthy owner of Tottenham Hotspur.

Tottenham have denied they are in discussions regarding a reported £1 billion takeover.

It was suggested billionaire owner Joe Lewis was prepared to sell the club as Spurs build a new stadium adjacent to their current White Hart Lane home.

A statement on tottenhamhotspur.com read: “Contrary to recent press speculation, neither the club, nor its majority shareholder, are in any takeover discussions and the focus of the club is fully on delivering the new stadium project.”

Spurs plan to build a 56,250-capacity venue next to the existing White Hart Lane ground, which holds around 36,240.

Additional funding is being sought, with Rothschild appointed as financial advisors.

“The stadium redevelopment plans are a significant part of the future for both our club and the local area and represent a complex infrastructure project that requires funding,” the Spurs statement added.

“This substantial construction project requires discussions with multiple providers of finance so that the optimum financing package can be achieved. To this end, we have appointed Rothschild to advise us on those options.

“Accordingly, we are at a stage where we are starting to engage with a number of financing institutions and potential funders in respect of the new stadium development project.”

The club are also assessing all alternatives for a temporary home – including Wembley, the Olympic Stadium and stadium:mk – after announcing a delay in the construction of their new stadium due to a High Court challenge.

The shortest build time means Spurs must leave White Hart Lane to allow the new stadium to be built adjacent to the present site.

However, the new ground will not be ready in time for the start of the 2017-18 campaign and a short-term temporary measure must now be identified.

The Tottenham Hotspur Supporters’ Trust expressed fears the club’s identity risks being severely damaged if the wrong groundshare option is taken for the 2017-18 season.