Finch Farm just weeks from being taken over by Government

Marc Waddington in The Echo describes how the imminent dissolution of Finch Farm Ltd, the company who owned Everton's training complex and the 55-acres of land on which it sits, meant that Finch Farm would likely have been taken over by the Government.

Everton's lease would have been guaranteed regardless but the purchase of the facility by Liverpool City Council puts Finch Farm under local control and, Mayor Joe Anderson argues, stands to earn LCC a substantial profit over the lifetime of the club's tenancy.

» Read the full article at Liverpool Echo



Reader Comments (4)

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Rex Tait
1 Posted 14/06/2013 at 20:40:39
I think Liverpool City Council are playing chicken with the European Commission on state aid.

They played the odds with the Ferry Terminal (only repaying £8m of the £18m aid). That counts as a win.

Now they are doing the same with Finch Farm.

They are betting that the Commission is too weak to enforce state aid law against football clubs. They might be right; certainly everyone is wondering how an official investigation has not been started into the Real Madrid case.

However Finch Farm may be a risk too far. There are three good reasons for this. Firstly, the purchase of a training ground by a local municipality mirrors a current investigation (in respect of PSV Eindhoven). Secondly, the PSV case was intimated by fans complaining, which they surely will if their club gets sanctions but Everton escapes. Finally the EC is obliged to apply the Leipzig Halle infrastructure ruling which covers this kind of activity.

Therefore I think this is an enormous risk. I just hope Liverpool City Council have called this one correctly.

Peter Foy
2 Posted 14/06/2013 at 21:20:54
So Rex, some very simple questions fans want to know the answers to are:

1) Are Everton Football Club in any (even 0.5%) danger, in a worst case legal or political scenario, of not being able to get access to Finch Farm training academy to train and prepare for games in the biggest league in the world?

2) In simple English, can you tell us what WOULD happen if this risk thing you talk about does not work out for LCC?

3) If the European Commission give LCC a severe slap across the back of the head, what can they force them to do?

4) Will Everton Football Club get any blame if these risks don't pay off, which means costing the club money?

We are very simple people around here. 0 points for a loss. 1 for a Draw and 3 for a Win. Simple.

Rex Tait
3 Posted 14/06/2013 at 22:58:33
The sanctions would be financial. If a complaint was made and the EC found illegal state aid, the club would have to pay a sum of money (equal to the cost of the advantage obtained plus compound interest). The interest is how sums as high as €48m are reached in the PSV case.

The other potential implication is points being docked / a European football ban under the Financial Fair Play rules. This has never happened on the basis of state aid violations, but it seems consistent with the objectives of that system that there must be some kind of punishment for unlawful state aid.

Peter Foy
4 Posted 14/06/2013 at 23:35:28
So in simple English

1) yes.

2) some people would get sacked.

3) nothing. They will chase the money.

4) you're saying the club won't get the blame, but it might cost the club a fortune.

Well fuck me I didn't know all that. Rex, what is your professional background and really we just want to know how serious and probable all this shit is likely to happen? We just want plain and simple answers. I mean that's the least we deserve.


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