Apr 15 – GSD Calls On Government To “Explain Inconsistency In Respect Of Stadium Costs”
The GSD says it has been provided with a Report and Consolidated Financial Statement for the Gibraltar Football Association for the year ending 31 May 2014 which includes Stadium Development Costs in the sum of £835,792. The GSD says that note 7 of that statement provides that this sum includes payments made by the Gibraltar Government on behalf of the GFA in respect of the development of a new stadium that complies with UEFA requirements, and note 8 provides that the entire sum in respect of Stadium Development Costs is money due from the GFA to the Government of Gibraltar.
The GSD says that, on 19 March this year, the Leader of the Opposition asked the Chief Minister in Parliament “what money has been paid either directly or indirectly by the Government, a Government owned company, authority or agency in respect of the proposed Europa Point Stadium and/or Europa Stadium Limited”. The response from the Chief Minister was that “the sum of £104 has been charged to Europa Point Limited to date”.
The GSD therefore argues that, unless only £104 of the £835,792 apparently paid by the Government in respect of Stadium Development Costs relates to the proposed new stadium, the answer provided in Parliament “cannot be accurate.” The Opposition therefore calls on the Chief Minister to explain the “apparent inconsistency” between the answer he provided to Parliament and the GFA Final Financial Statement.
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