davek
Player Valuation: £150m
There's nothing new in that piece.
The European commission has taken issue with football after the bent goings on in Spain.
A council facilitating a stadium build & then a club taking on a 150 year lease on the property would surely only be deemed as financial assistance if the lease amount was way below a sensible market value, given the cost of the development?
p.s. The £50m 'enabler' at Kirkby didn't exist, we were getting what we paid for in terms of the stadium.
The value of that land for DK was always a contentious issue even back then in 2009. It was enough to trigger a complaint to the European Commission from Knowsley Liberal Party when the council backtracked massively on their own valuation for that land of a few years previous. http://www.keioc.net/index.php?mact=News,cntnt01,detail,0&cntnt01articleid=283&cntnt01returnid=15
Of course, a week or so after that query the scheme was knocked back by the Sec. of State, so the issue was then moot.
If Elstone is talking about council aid in this (even less hospitable) atmosphere surrounding public money for private entrerprises then he really needs to explain how that could be so in detail. It really is a non-starter in this period.