Wembley my god there selling it!

Quote: PCollinson1990 "An offer has been made, the FA haven't made any comment. £800m is well below it's value and the land around it. It cost nearly £800m to build, a world famous stadium doesn't depreciate.

Unless of course I've not read something you have.

I've read some more articles, the offer is £500m, England playing on the road and at Wembley. The FA keeping the Club Wembley side of things and Jacksonville playing "home" games there. Shad Khan seems to be the only person talking it up. Jacksonville are hardly a glamour team in NFL.'"

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.