Liverpool Council is “confident” it will receive millions of pounds owed to it by the firm that operates the M&S Bank Arena.
It was revealed last month The ACC Liverpool Group, which operates the event complex on the King’s Dock including the arena, is in debt worth millions of pounds to the council. The local authority is owed around £7.1m by the group for what it described in a statement as historical debt relating to property transactions between 2015 and March 2020.
Of that, £2.6m is in year trading sums. A cabinet report in December revealed the council had put aside £2.5m in reserves to cover against non-payment of outstanding lease rentals.
