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Everton will sell Goodison Park to get new stadium
CEO financially confident despite economic crisis...
10 Sep 2009 09:03:35
By Philip Wen
Everton chief executive Robert Elstone has insisted that the global financial crisis will not stop the Merseyside club from proceeding with plans to build a new stadium at Kirkby.
According to the Liverpool Daily Post, Elstone said the £78 million in finance required would be derived from sponsorship and naming rights deals, as well as from the sale of current home Goodison Park.
The Toffees director felt that the economic downturn had made construction costs cheaper, and that a budget of £130m for the construction of the new stadium was within reason.
Elstone also touched on the difficulty of English football clubs to compete for foreign players, due to the country’s comparatively higher rates of tax and the weakening of the sterling against the euro.
He said: “It’s inevitable it will make it more difficult for us.
“Our recent negotiations with a player in Russia and a player in Spain have been affected by the higher tax rate. It’s eroding our substantial advantage over our rivals.”
Everton chief executive Robert Elstone has insisted that the global financial crisis will not stop the Merseyside club from proceeding with plans to build a new stadium at Kirkby.
According to the Liverpool Daily Post, Elstone said the £78 million in finance required would be derived from sponsorship and naming rights deals, as well as from the sale of current home Goodison Park.
The Toffees director felt that the economic downturn had made construction costs cheaper, and that a budget of £130m for the construction of the new stadium was within reason.
Elstone also touched on the difficulty of English football clubs to compete for foreign players, due to the country’s comparatively higher rates of tax and the weakening of the sterling against the euro.
He said: “It’s inevitable it will make it more difficult for us.
“Our recent negotiations with a player in Russia and a player in Spain have been affected by the higher tax rate. It’s eroding our substantial advantage over our rivals.”
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