City's ￡5m Deal Over Stadium To Face Probe

摘要

The Audit Commission is investigating Stoke City Council's deal to sell its ￡5m stake in the city's Premiership football club stadium.Watchdogs have been asked to investigate councillors' concerns that the purchase deal, signed in 2007, had seen Stoke City FC avoid interest charges on the outstanding balance.Under the agreement, Stoke City FC have bought the council's stake in the Britannia Stadium in instalments of ￡1.5m.But, according to council sources, members who agreed the deal were not told about the phased payments and interest-free charges.