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RED2309 · 29th March 2018, 12.30:13

Everton are having a new stadium paid for by a loan from the council who will loan the money from the government.

Would our Council be able to do this?
Would they want to do it?

“The deal with Everton is that we will borrow from the Public Sector Works Loan Board, a government fund which we can tap into, and the repayments of that are at a very low rate, we can then offer a loan to Everton at a lower rate than they get from the banks.

“They will then pay the loan, the full loan, back to central government via us, via the city but they will pay it back."

Full article https://www.dailypost.co.uk/sport/fo...on-fc-14471815

29th March 2018, 12.30:13	#1-0 (permalink)
RED2309 Tipped As Manager (info 1 & 2) (info) Joined: Aug 2007 Racecourse Spot: MRS Centre Real Name: Barry Twitter: @barrydaniels13	Stadium Redevelopment Funding Everton are having a new stadium paid for by a loan from the council who will loan the money from the government. Would our Council be able to do this? Would they want to do it? “The deal with Everton is that we will borrow from the Public Sector Works Loan Board, a government fund which we can tap into, and the repayments of that are at a very low rate, we can then offer a loan to Everton at a lower rate than they get from the banks. “They will then pay the loan, the full loan, back to central government via us, via the city but they will pay it back." Full article https://www.dailypost.co.uk/sport/fo...on-fc-14471815 __________________ Progress Through Stability #WST/WFC Last edited by RED2309; 29th March 2018 at 12.39:53..