Things may be going well on the pitch for Everton, but there are more problems off the pitch. The club’s plans to finance its planned new stadium in Kirby were dealt a blow after an application for their former training ground to be re-developed for housing was refused. The setback will cost the club an estimated £10m, according to reports, money which had been planned to part-finance their £78m contribution towards the proposed new ground by selling former Bellefield training ground in West Derby for housing.
Things may be going well on the pitch for Everton, but there are more problems off the pitch. The club’s plans to finance its planned new stadium in Kirby were dealt a blow after an application for their former training ground to be re-developed for housing was refused. The setback will cost the club an estimated £10m, according to reports, money which had been planned to part-finance their £78m contribution towards the proposed new ground by selling former Bellefield training ground in West Derby for housing. The housing proposal was initially blocked by Liverpool City Council last year, a decision which was upheld on appeal by a government planning inspector this week. The club insists that it will still be able to raise the money needed ‘from other sources’ despite rising debts and actively seeking a new financial backer.