Lord Buckethead
Player Valuation: £35m
I doubt very much if the Stadium is being build by the same legal/financial entity that the the Club's FFP is being based off.If I’ve read this correctly, last year £39m of our losses where due to stadium developement costs, which this year can be moved around the accounts as we now have planning permission.
also says an additional £16m in this years account (to June 21) would have been affected in a similar way.
Everton confirm new stadium spending to pass £50m by next summer
Everton say they hope to win planning approval for a new stadium in the next few "months"www.liverpoolecho.co.uk
Possibly one for the stadium thread rather than transfers but as it affects FFP etc….
Why would they do that? It would cripple us.
It will be being built by a Holding Company who will lease it to the Club on a 100 year contract for a pound a year.
Standard practise to isolate both entities from each other.