Funding for the new Everton FC Stadium

The clear news that Liverpool Council will not be a major investor in Everton FC’s new stadium means that, subject to planning and infrastructure issues Liverpool Lib Dems can support the Bramley Moore Dock proposal

Statement by Liverpool Liberal Democrats

Liverpool’s Liberal Democrats have welcomed the news that it now seems likely that the new EFC stadium will be produced without capital funding from the City Council.

Liverpool’s Lib Dem Leader Cllr Richard Kemp said, “Subject to all the proper planning constraints we wish EFC well in their attempts to bring a new stadium for the City. We have always said that a new stadium means new investment opportunities in a variety of forms but in particular servicing the increased football tourism that will result from it.

We were extremely wary of the Council getting involved in financing of the stadium itself especially when it was suggested that the Council might be the sole funder. Councils do not have the financial expertise to judge investments of this sort and that is doubly true when foreign investors and capital are involved.

There are now three outstanding issues which we are seeking answers to:

  1. What will be the cost of providing all the external infrastructure required to enable people to get to the stadium and where will it come from? There is no point in building a stadium that people cannot access easily. As a rule of thumb, a £500 million development of this sort will need at least £80 million of transport and other infrastructure which will be a public sector cost on top of the pure stadium cost.
  2. Will we now get back the £700,000 consultancy fees that the Mayor has told us the Council put into the review of the Council’s involvement in the funding package? He told us that we would get the money back from Everton FC almost 2 years ago. We badly need that money for other things.
  3. Is the money still in place, given the difficult financial times that we are in, to remediate the land and area occupied by the present stadium and use the regeneration effort to reinvigorate the County Road area ”

About richardkemp

Leader of the Liberal Democrats in Liverpool. Deputy Chair and Lib Dem Spokesperson on the LGA Community Wellbeing Board. Married to the lovely Cllr Erica Kemp CBE with three children and four grandchildren.
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