The Liberty Stadium

Next Game

Swansea v Everton

Tuesday, 23 September 2014, 19:45

Capital One Cup Third Round

Goodison Park

Last Game

Everton 2 - 3 C Palace

Sunday, 21 September 2014, 16:00

Barclays Prem

Everton training ground sold

Everton's Finch Farm training ground has been bought by Liverpool City Council in a £13million deal.

Last Updated: 11/06/13 at 17:04 Post Comment

Everton: Training ground bought by Liverpool City Council

Everton: Training ground bought by Liverpool City Council

Everton's Finch Farm training ground has been bought by Liverpool City Council in a £13million deal which will see the club pay rent for the next 40 years.

The Toffees retain a long-term lease on the facility but will now pay reduced annual costs to the council instead of a private company.

That may ease some of the pressure on the club's tight finances but the arrangement is expected to be a money-spinner for the local authority.

Due to favourable borrowing terms Press Association Sport understands the loan for the purchase will be paid off in 25 years, leaving a further 15 years in which the authority expects to make "millions" which will be used to fund other local services.

The deal has been independently valued and verified but it is likely to attract more anger from fans whose public dissent over the club's new badge forced Everton into a u-turn last week.

After a fervent social media campaign the club backtracked and issued an apology for not consulting supporters widely enough, pledging to withdraw the new crest after just one year and undergo a more extensive process next season.

"We continue to work with the council on many fronts and the club is especially pleased to have delivered an innovative scheme, on our superb Finch Farm facility, that works for both parties," said Everton chief executive Robert Elstone.

Mayor of Liverpool Joe Anderson added: "It's a very good deal for us and for Everton.

"Over the lifetime of this arrangement we will get much-needed revenue, which we can re-invest in essential services for the people of Liverpool.

"Together with the new Exhibition Centre, the council regard such investments as innovative but vital in enabling it to meet its on-going budget challenges."


Click here for completely free £10 bet with Sky Bet


Related News

Most Commented

Readers' Comments

H

ilarious, thanks for that. But if I may, I do suspect the reason of your partners' ire is not Tottenham, but most probably all the compusilve gambling :)

DannySmith
Backing Costa To Keep Banging 'Em In

T

wo police horses in a paddock. Horse 1: What's with the long face? Horse 2: I'm working St James Park this weekend.

hump3.
Pardew braced for protests

T

wo things. First, I can't stop reading your name as 'Dane Bowers'. Second, you used the words 'philosophy' and 'Redknapp' in the same sentence.

ajsr1982
Can United's Defence Handle Ulloa?

Footer 365

No concerns over Steven Gerrard, says Liverpool manager Brendan Rodgers

Brendan Rodgers remains confident that Liverpool skipper Steven Gerrard will continue to deliver at the highest level.

Arsenal boss Arsene Wenger hails strength of Abou Diaby ahead of return

Arsenal manager Arsene Wenger has hailed the strength of character in Abou Diaby following his latest injury comeback.

Premier League: Brendan Rodgers says Mario Balotelli is a 'good guy'

Liverpool boss Brendan Rodgers says he is enjoying working with Mario Balotelli.

Mail Box

Will Rodgers Finally Drop Gerrard?

The mailbox wants to know if Brendan Rodgers has the stones to drop Steven Gerrard. Plus, thoughts on Wayne Rooney's display, sitting down, and thanking United fans...

Clattenburg And Assistants Should Be Suspended

It's a Mailbox containing Manchester United fans taking defeat to Leicester pretty well, plus some long thoughts on Gerrard and Liverpool, plus Southampton congratulations...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property