Harry Redknapp has said that Tottenham Hotspur need to build a bigger stadium in order to be able to compete with fellow top clubs.

White Hart Lane currently has a capacity of 36,000, the lowest of the current top six teams.

After failing in a bid to secure the Olympic Stadium after the Games, Tottenham have announced plans for a 60,000-seat redevelopment of their current site.

"Until you get a 60,000-seater stadium, you aren't going to pay the wages that some of the other clubs pay," Redknapp said.

"It's a hard balancing act but you have to admit Tottenham are a fantastically well-run football club with a very clever businessman in Daniel Levy in charge.

"Eventually the club will make a statement signing that will announce we are really competing with others in terms of wages and transfer fees - but not until we have a new stadium."

Tottenham are currently third in the Premier League with 38 points and a game in hand.