Tottenham Hotspur have secured funding for a new stadium near White Hart Lane, where they have played since 1899.
Spurs missed out on the Olympic Stadium and had originally planned to challenge the decision to award the stadium to West Ham.
Tottenham will instead return to their original plan for a new stadium, named the Northumberland Development Project. The plan would see a 56,000 seater stadium being built near their current ground, White Hart Lane.
Spurs have reached an agreement with London mayor Boris Johnson and Haringey Council for £27m in funding support.
Johnson has committed £18m to regenerating North London with better local transport, highways and infrastructure.
Haringey Council, meanwhile, will invest £9m towards improved public spaces, heritage works and environmental improvements.
Spurs’ chairman Daniel Levy said: “As a major employer and business in the area we are delighted with this commitment from the Mayor and Haringey Council.
“We therefore see this as a commitment from the public sector to the Tottenham area and one which strengthens our ability to deliver a new stadium scheme with the potential to kick-start the long-term regeneration of north Tottenham.”