New Football Stadium: GSD Says Government “Unaware of Key Financial Information”

The GSD has said that, even though the Government agreed to commit substantial savers’ monies towards the £100M new Victoria Stadium project “it has not seen a copy of the financial feasibility report which underpins the viability of the project.” The party adds that the Government also wasn’t aware of the costs of a 5000 or 8000-seater stadium when it took its decision and has not had any discussions with the GFA as to whether UEFA rules would allow the building of a smaller stadium. Additionally, the party says that the Minister for the Savings Bank, Sir Joe Bossano, “confirmed he has had no role in approving the residential or commercial configuration of the new stadium project which again is key to whether the scheme is profitable.”

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Treaty Talks Continue in Madrid

The Chief Minister Fabian Picardo and the Deputy Chief Minister Dr Joseph Garcia are in Madrid for a continuation of the discussions on Gibraltar’s future relationship with the European Union and through them with our nearest EU neighbour, Spain. They are accompanied by the Attorney General Michael Llamas.

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