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Everton will not accept a £30m loan offer from the local government for the new stadium

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Everton will not take up a £30m loan offer from the local government to help finance their new stadium at Bramley-Moore Dock after finding alternative private funding but a £15m endowment still on the table.

etro Mayor Steve Rotheram has confirmed in a statement that the loan from the Liverpool City Area Incorporation Authority will now not be claimed by the club.

“Earlier this year, Everton Football Club informed the LCRCA that it had found alternative sources of funding from the private sector and would therefore no longer require a loan of £30 million,” read the statement. Father.

“We are in touch about the next steps in a £15 million grant to preserve the historic assets of Bramley-Moore Pier, support the wider development of the site, create jobs for people locals and attract tourists to the area.”

A funding package to cover the estimated cost of more than £500m for the waterfront stadium has yet to be announced but a £30m first choice deal to buy the naming rights secured by Alisher Usmanov seems unlikely. can’t go any further at this stage.

The club suspended involvement in the billionaire’s businesses, which sponsor the training ground, Goodison Park and the women’s team, even before the Government punished the tycoon for his ties to Russia’s Vladimir Putin .

https://www.independent.ie/sport/soccer/everton-will-not-be-taking-up-offer-of-30m-local-authority-loan-for-new-stadium-41420254.html Everton will not accept a £30m loan offer from the local government for the new stadium

Fry Electronics Team

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