The Gibraltar Football Association will purchase the Victoria Stadium from the government for £16.5 million in order to develop it as its national stadium.
The funding for the purchase, as well as a further £15 million for the development of the site into a category 4 stadium, has been provided by FIFA and UEFA.
The government says it will reinvest the money from the sale into two major sporting developments at Lathbury Baracks and Europa Point.
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