- Feb 29, 2004
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State funding or private capital projects is illegal under EU law, so this definitely isn't the council funding it. In theory a council could build a stadium and rent it to a club at market rate but in this case they are lending Everton the money. West Ham organised a similar arrangement with Newham Council for their part of the costs associated with moving to the Olympic Stadium. (Shows how tin-pot they really are that they got (access to) a stadium at a massive knock-down price and still couldn't self fund it!)http://www.liverpoolecho.co.uk/spor...s/new-everton-stadium-latest-bramley-14133652
Everton to get 2/3rds of the funding from a deal with the council. It would be quite interesting to know the reaction to that in liverpool. Can you imagine how bad it would go down in London if Boris had agreed to help pay for 2/3rds of our new stadium?!?!