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Shad Khan Buying Wembley Stadium
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(04-26-2018, 11:25 AM)The_Franchise_QB Wrote:(04-26-2018, 11:13 AM)UKJag Wrote: "£789 million (£1.09 billion today)" cost to build it. There's still some finance to pay off, so if he takes on the debt too then a good deal for the FA. Wembley Stadium is a wholly owned Limited company by the FA. The place is barely used in a normal year and when Spurs go back to their stadium it'll return to that. The bid probably reflects it's current use to be fair. It cost £800K to build and there's probably about £200K of the finance left to pay and so recouping the £800K they have probably spent (inc interest) on repaying the loan will probably look very attractive. There are a smattering of possible 6-10 international soccer games, 3 domestic soccer cup finals, 2 domestic cup semi finals, 4 play off finals, 2 NFL games and probably 1 or 2 concerts in the stadium a year. 23 days a year the actual stadium is probably used, so there's huge potential to grow it's use. There are conference facilities and the FA rent offices too. |
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