Tottenham and Liverpool eligible for over £150m in rebates for stadium upgrades under latest ‘Project Big Picture’ proposal with Premier League clubs contributing into a central fund for new stands and grounds
Spurs would be entitled to a £125m rebate on their modern £1billion stadium which opened in 2019.
And Liverpool could get £30m back on their recently-renovated main stand at Anfield under the controversial proposals.
Tottenham would be entitled to £125million of the £1billion cost of their stadium back under the latest proposals of the controversial ‘Project Big Picture’
Liverpool would also be able to claim money back for work on their main stand at Anfield
The Daily Telegraph report that a clause in the latest iteration of the Project Big Picture plans allows leading Premier League clubs to claim major subsidies for stadium improvements.
The ‘infrastructure funds’ section would see Premier League clubs set aside £150m per year from central funds for this purpose.
Clubs would be entitled to claim up to £250m of subsidies in what is being termed ‘assistance payments’ towards improving existing stands or even building a new ground.
The only caveat is that they have been a Premier League club for 12 of the last 15 years.
However, a maximum of £150m would be available in grants for those who have been in the top-flight for eight of the last 10 years and a maximum of £100m for those who have enjoyed Premier League status for the four previous years.
As well as Spurs and Liverpool, Manchester City would be entitled to retrospectively claim 25 per cent for their £50m development of the south stand at the Etihad Stadium in 2015.
Brighton would also be able to claim some cashback on their £90m Amex Stadium development completed in 2011.
The proposal 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 [sic] City and Brighton) resulting in a total of 25 per cent of the capital improvement.’
The Project Big Picture plans are now on their 18th rewrite having been met with an enormous backlash from Premier League clubs and many outside the top-flight on Sunday.
More to follow
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