Categories
Soccer

Tottenham ‘due £125m rebate’ for new stadium under Project Big Picture proposals

Tottenham would be due a rebate of £125million for their new stadium if Project Big Picture (PBP) is given the green light.

The development of Spurs' White Hart Lane ground is thought to have cost the club in excess of £1billion to complete.

But they would be eligible to claim back some of those costs under a clause in the proposals put forward by the owners of Liverpool and supported by those in charge at Man Utd.

The clause would also allow Liverpool to receive a reimbursement of around £30m for their Main Stand at Anfield which was built in 2016.

According to The Telegraph , there would be a pot £150m set aside each year to help clubs who are improving their stadiums with “assistance payments”.

Clubs can apply for up to £250m to help with the physical construction of the stadiums, but only if they have been in the Premier League for 12 of the last 15 years.

The maximum figure a club can apply for is then reduced for teams who have been in the top-flight for eight of the last 10 years (£150m) or the last four years (£100m).

This is also relevant to structures completed recently.

The proposal – under "infrastructure funds" reads: "Any club which has an eligible project that was completed in the last ten years … and with a minimum spend of £50 million per project receives 50 per cent of the assistant payments they would be eligible to receive under this program for 15 years (eg Tottenham, Liverpool, Man City and Brighton ) resulting in a total of 25 per cent of the capital improvement."

City and Brighton had works completed on their stadiums in 2015 and 2011 respectively.

The proposal would be of huge benefit to Everton, as they could receive half of the £500m needed to build their new stadium at Bramley Moore Dock, while Liverpool are also looking to make further developments to their stadium.

This is just one arm of the 'Revitalisation' document looking to completely overhaul the current voting system in the Premier League, granting more power to the most successful teams in the division while making it harder for the sides at the bottom.

The grand plans have the backing of EFL chief Rick Parry, but Liverpool's Fenway Sports Group owners and The Glazer family, who are in charge at United, are already facing opposition to their ideas, which they hope to have in place by the start of the 2023/24 season.

As reports the BBC, West Ham are "very much against" the proposals as they feel it would impact them negatively.

One of the proposals would see the division go from 20 to 18 teams which would have a knock-on affect to matchday income.

Also the scrapping of the EFL Cup to make room for more European matches would be of little benefit to West Ham, who have managed to secure a spot in continental competitions just twice in the last decade, each time failing to get past the initial qualifying rounds.

*Sign up to the Mirror Football email here for the latest news and transfer gossip.

Source: Read Full Article