Council to provide sub-lease arrangement
According to the Guardian Everton have cleared the first hurdle in their attempt to build a new stadium on Liverpool's waterfront by agreeing a deal to purchase land at Bramley Moore dock.
The Merseyside club have reached a financial agreement with Peel Holdings, the landowner, for their preferred location for a new home after 125 years at Goodison Park. Peel Holdings initially gave Everton a ball-park figure of £30m for the site, which forms part of a £5.5bn regeneration project the company has planned and called Liverpool Waters. The final price is expected to be lower, with Everton only acquiring the land once funding for the stadium is in place.
Liverpool's mayor, Joe Anderson, confirmed the deal with Peel and the extent of the council's involvement.
A report will be presented to the council's cabinet next Friday recommending that the City Council progress Heads of Terms to create a new Special Purpose Vehicle (SPV) company which will take a lease of the stadium from a funder and, in turn, sub-lease it to the club.
» Read the full article at Guardian
Reader Comments (18)
Note: the following content is not moderated or vetted by the site owners at the time of submission. Comments are the responsibility of the poster. Disclaimer
1 Posted 23/03/2017 at 12:35:08
2 Posted 23/03/2017 at 12:36:32
3 Posted 23/03/2017 at 12:39:24
Ernie... have you read the Guardian article?
It makes it clearer. :)
4 Posted 23/03/2017 at 12:46:09
5 Posted 23/03/2017 at 12:46:17
Ah, title has been changed. The perils of racing to print!
6 Posted 23/03/2017 at 13:00:27
If what's reported in The Guardian is all that will be announced today, it's very disappointing that this is as far as we have come.
Looks to me that a new stadium may be dependent on the City getting the Commonwealth Games and will only be built if the City part-fund it and will most probably then have a running track.
This has Kings Dock written all over it and we are a million miles away from getting a new stadium.
7 Posted 23/03/2017 at 13:14:00
8 Posted 23/03/2017 at 13:16:58
9 Posted 23/03/2017 at 13:20:40
10 Posted 23/03/2017 at 13:25:13
Where's the money coming from? Kitbag?
Kings Dock 2.0
11 Posted 23/03/2017 at 13:28:28
12 Posted 23/03/2017 at 13:30:18
13 Posted 23/03/2017 at 13:31:04
We're on the march with Ronnie's army,
We're all off to Bramley-Moore.
You can stick your fucking stand,
With your iPhones in your hand.
Crying, "Why aren't Liverpool famous anymore?"
14 Posted 23/03/2017 at 13:32:30
16 Posted 23/03/2017 at 13:48:35
So this "buy once financing is in place" sounds exactly the same thing.
17 Posted 23/03/2017 at 13:53:02
18 Posted 23/03/2017 at 13:56:19
And Xavier (#17), I suffer from outrageous optimism. Brian and Kieran are like little devils on my shoulder but the wave of hope soon drowns them out!
19 Posted 23/03/2017 at 14:02:12
If the link doesn't work just look for "Down by the Docks" on YouTube.
Add Your Comments
In order to post a comment, you need to be logged in as a registered user of the site.
Or Sign up as a ToffeeWeb Member — it's free, takes just a few minutes and will allow you to post your comments on articles and Talking Points submissions across the site.