"Global tax firm Ryan's analysis of Valuation Office Agency (VOA) data found that the rateable values of stadiums across the top five English divisions have jumped by 25% to 111.74 million. In the Budget last week, the Government confirmed that new business rates payments for commercial properties would be based on valuations made in 2024 and a new reduced multiplier to calculate their overall bills."
"Arsenal will face the largest cash increase of all Premier League clubs, with the analysis showing they are set to see their rates bill rise by 1.1 million to 4.8 million for the year from April, after the valuation of the stadium rose to 11 million. Elsewhere, Manchester United will see the rates bill for Old Trafford jump by 973,840 from April to 5.79 million."
Valuations of major football stadiums in England and Wales rose substantially, lifting combined rateable values across the top five divisions by 25% to 111.74 million. Valuations made in 2024 will determine new business rates with a reduced multiplier, producing higher bills from April and further increases as transitional relief caps fall away. Arsenal faces the biggest cash increase, with its bill rising by 1.1 million to 4.8 million after an 11 million valuation. Old Trafford's bill increases by 973,840 to 5.79 million, Tottenham's stadium bill reaches 5.8 million, Brentford's value jumped 300%, Nottingham Forest 153.4%, and Wrexham 612.4%. Wolves and Burnley saw falls of 32.8% and 6.3% respectively, and Sheffield Wednesday's valuation rose 21.8% despite administration.
Read at www.standard.co.uk
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