"Wembley Stadium set to be SOLD by FA in astonishing £800m deal"

[goofygoofygoofy]

£600 million is nowhere near enough for Wembley and there are other ways to invest in grassroots football in this country.

The stadium itself is making the FA a loss (it's only Club Wembley which makes them a profit) and will continue to do so. There's also the extra cost of future renovations. You need to factor that into the selling price. The FA will make a disaster of it, just as the LLDC are doing with London Stadium.

You can talk about pie-in-the-sky ways to invest in grassroots but here is a real, practicable solution. If it's so easy to find another way then why hasn't been done all these years? I've read numbers of £100m of funding over the next 20 years instead of the current £30m/year. This seems a great deal to no longer be burden by Wembley.

 

[Adisa]

I think it should be sold. Holding a white elephant costing £70m a year to run simply for sentimental reasons sounds very British.
Doesn't mean they should sell for bargain basement price.

 

[Verminator]

The FA Premier League collect the tv rights (£5.6 Billion)
If they took 5% of that, the would have £280M to invest in grassroots projects.
It may mean the Pogbas and Hazards of the league would only get £190k p/wk instead of 200k (going off the 50% wage guidelines) , but would they miss it?

 

[horsechoker]

The FA Premier League collect the tv rights (£5.6 Billion)
If they took 5% of that, the would have £280M to invest in grassroots projects.
It may mean the Pogbas and Hazards of the league would only get £190k p/wk instead of 200k (going off the 50% wage guidelines) , but would they miss it?

Yes, it would mean one less ivory back scratcher for them!