Wednesday, November 23, 2022 - 11:08

The announcement by the Government that the new National Football Stadium will be paid with funds from the Savings Bank raises questions that need clear answers.

Why should savers monies (in effect public monies) be used for this? In 2016 the GFA announced that the new stadium would be built with monies from UEFA. What has happened to that promise?
Additionally, in 2017 the Government sold the Victoria Stadium to the GFA for a sum of £16.5Million. The Government stated then that “in addition, the GFA will invest in the region of £15M in the redevelopment of the Victoria Stadium and the old Sports Hall. As a result Gibraltar will enjoy a National Football Stadium at no cost at all to the taxpayer.”