www.skysports.com/share/11347197

Latest from sky sports, FA have confirmed they are in talks, re the sale of Wembley Stadium.

www.skysports.com/share/11347197

Latest from sky sports, FA have confirmed they are in talks, re the sale of Wembley Stadium.

You don't understand how things work, sorry but that's the reality.

You wouldn't get the original cost of the KCOM selling it now, not even close so why would you think something with an even bigger financial liability would too? "World famous stadium", oh come on, it's nowhere near as iconic as the old wembley was, and as for not depreciating, sorry but on what basis are you making that guess?

A quick look at the financial reports will tell you that it isn't the massive profit making venture people think it is. The first accounts I came across where from 2013, WNSL had an operating profit of £8M (Down £5M on the previous year) but a net loss and depreciation is very much a huge cost, this was from a turnover of less than £90M. There's an ongoing 10 year roof repair in progress that is costing a bomb already and it's only just had its 10th year!
www.wembleystadium.com/~/media/p ... ul-13.ashx
"Tangible fixed assets have reduced from £645.2m at December 2012 to £635.0m at July 2013, with the majority of this reduction due to depreciation of £16.8m."
Here's the 2016 report, https://s3-eu-west-1.amazonaws.com/docu ... ldWH1wU%3D

It's a massive ball and chain and for prospective buyers, a huge long term financial investment that has struggled to make returns, we talk about how the club wembley thing has been a shambles at the CC final and yet that has been the focus of the company (which they readily admit) in terms of revenue streams.

You don't understand how things work, sorry but that's the reality.

You wouldn't get the original cost of the KCOM selling it now, not even close so why would you think something with an even bigger financial liability would too? "World famous stadium", oh come on, it's nowhere near as iconic as the old wembley was, and as for not depreciating, sorry but on what basis are you making that guess?

A quick look at the financial reports will tell you that it isn't the massive profit making venture people think it is. The first accounts I came across where from 2013, WNSL had an operating profit of £8M (Down £5M on the previous year) but a net loss and depreciation is very much a huge cost, this was from a turnover of less than £90M. There's an ongoing 10 year roof repair in progress that is costing a bomb already and it's only just had its 10th year!
www.wembleystadium.com/~/media/p ... ul-13.ashx
"Tangible fixed assets have reduced from £645.2m at December 2012 to £635.0m at July 2013, with the majority of this reduction due to depreciation of £16.8m."
Here's the 2016 report, https://s3-eu-west-1.amazonaws.com/docu ... ldWH1wU%3D

It's a massive ball and chain and for prospective buyers, a huge long term financial investment that has struggled to make returns, we talk about how the club wembley thing has been a shambles at the CC final and yet that has been the focus of the company (which they readily admit) in terms of revenue streams.

Could 2018 be our last chance to win the cup at Wembley.
https://www.loverugbyleague.com/post/we ... cup-final/

It says it will go ahead this year, but there has been talk in the past of moving it.

Could 2018 be our last chance to win the cup at Wembley.
https://www.loverugbyleague.com/post/we ... cup-final/

It says it will go ahead this year, but there has been talk in the past of moving it.

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[urlhttp://viewtopic.php?f=34&t=615111[/url

Any new owner of the stadium will want maximum usage from it for a return. They would not have to go looking for a new customers for the August Bank holiday weekend as they already have one with the RFL.

Not sure why some are getting hot and bothered about this. It will remain a stadium for the foreseeable future. There will be contracts in place which will need to be honoured for its usage.

Finally, and probably most importantly, Wembley is a fantastic sports venue, however its lost its special feel since its been rebuilt. Its basically a big version of Arsenals ground and is not longer distinctive as the old stadium once was. Its become an events venue rather then a sporting one. The evidence of this is clear when you see the corporate seats near the players tunnel which are unoccupied until 5 minutes after kick off / half time. Its hardly a great advert for any sporting event there when the prime seats are empty are the beginning of the game.

Let the FA sell it and then build an 80k venue North of London which is far more accessble to the masses.

Any new owner of the stadium will want maximum usage from it for a return. They would not have to go looking for a new customers for the August Bank holiday weekend as they already have one with the RFL.

Not sure why some are getting hot and bothered about this. It will remain a stadium for the foreseeable future. There will be contracts in place which will need to be honoured for its usage.

Finally, and probably most importantly, Wembley is a fantastic sports venue, however its lost its special feel since its been rebuilt. Its basically a big version of Arsenals ground and is not longer distinctive as the old stadium once was. Its become an events venue rather then a sporting one. The evidence of this is clear when you see the corporate seats near the players tunnel which are unoccupied until 5 minutes after kick off / half time. Its hardly a great advert for any sporting event there when the prime seats are empty are the beginning of the game.

Let the FA sell it and then build an 80k venue North of London which is far more accessble to the masses.