Losses of £40m for Wembley Stadium

jeffaz1 · Lightweight Joined: 10 Apr 2008 Posts: 361 Offline

Wembley Stadium lost £40 million in its first year of operation.

The national stadium made an operating loss of £22 million and the interest on an outstanding loan of £346 million, pushed those losses up.

FA chairman Lord Triesman wants to address the losses by refinancing the loan taken out to build the stadium.

An FA source said: "Staffing costs will be lower in the future and we will claw all that money back."

It has been suggested that Michael Jeffries, the chairman of Wembley National Stadium Ltd, the wholly-owned subsidiary of the FA, may tell board members that he intends to stand down.

The FA has signed a record £425 million TV contract with ITV and Setanta, which begins next season.

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lil eva · Posted: Tue Apr 29, 2008 9:53 pm Post subject:

£40 mill

bloody hell.
I thought with the prices they charge down there for the fast foods ie £6-50 for an hotdog,£7 for a burger and £5 for a slice of pizza,they would be quids in.

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will_lufc · Posted: Wed Apr 30, 2008 4:25 pm Post subject:

greedy cockney wankers

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chimp · Posted: Wed Apr 30, 2008 10:23 pm Post subject:

should never have been rebuilt - should have been a new stadium in the midlands that was accessible to all for england games - i loved watching england while wembley was shut - now have to take two days off for a game - i am totally disillusioned with football

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will_lufc · Posted: Wed Apr 30, 2008 10:32 pm Post subject:

yeh i no what you meen mate its a nightmare getting to london from here

seen england twice both at old trafford much closer and dare i say it quality ground

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