Liverpool Council “should consider the sale” of the M&S Bank Arena, according to the city’s opposition leader - after it was revealed the venue’s operating company owes millions to the local authority.
Over a period of five years dating back to 2015, The ACC Liverpool Group which operates the event complex on the King’s Dock including the arena, racked up debt worth millions of pounds to the council. A repayment plan to recover the finances is yet to be finalised as the group confirms its business plan for the next 12 months.
Liverpool Council is owed around £7.1m by the group, which it wholly owns, 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.
