Liverpool Council will lose out on more than £300,000 in fees spent on due diligence over Everton ’s new stadium project.
It has been confirmed that Everton will pay £502,000 of the £841,000 incurred by Liverpool Council after it was agreed last month that negotiations between the two parties would conclude. In a joint statement from the local authority and the club, it was said that an “amicable settlement” had been reached regarding the Bramley Moore project.
Both parties said it was “reasonable and proportionate” for the Premier League club to fork out more than £500,000 given that the work done was “solely for the benefit of Everton.” A proportion of the fees incurred related to Liverpool Council exploring the use of any future stadium in its bid for the 2022 Commonwealth Games which Everton would not be liable for.
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