Click to use the eyefootball Desktop site.
The FA are footing a £36.1 million bill for Wembley Stadium after a statement read that the project has cost £14.7 million in interest whilst also accruing an operating loss of £21.4 million.
A statement read: that the tart-up costs of £34.2million "were understandably high for the first few months as the business familiarised itself with the new building and ensured that the service and safety of 1.8million visitors was the highest priority."
The statement continued: "During the year, Wembley Stadium recorded £10.1million of costs related to the final stages of managing the construction. These will not recur and represent the end of this phase of the stadium's development."
Wembley managing director Alex Horne said: "I am confident that our proven ability to deliver world-class events and capitalise on revenue streams, combined with efficiencies which we continue to drive event by event, will quickly make a positive impact on the bottom line.
"It was never envisaged that the stadium would record a profit in the first few years of operation."
Written by majicka
Copyright 2007 - 2019 Eyefootball Ltd. All rights reserved. The news and views discussed here are those of the participating users, and do not necessarily represent or have the endorsement of the editors of Eye Football.
Terms of Use - Privacy Policy - Contact Us - Use Desktop Site