David Posted October 17, 2018 Share Posted October 17, 2018 FA Chief Executive, Martin Glenn, said: "Earlier this year, The FA received an unsolicited official offer from Shahid Khan to buy Wembley Stadium. It was a very credible offer and was given very serious consideration. Shahid Khan has informed us today that he will be withdrawing his offer to buy the stadium – and we fully respect his decision. Full story: http://www.thefa.com/news/2018/oct/17/wembley-stadium-statement-171018 Link to comment Share on other sites More sharing options...
SaintRam Posted October 17, 2018 Share Posted October 17, 2018 I didn't really understand the complaints against selling it. The FA never owned the original Wembley, did they? Obviously there was trepidation as to whether the money would go into grassroots football or not, but if it were to do so it should've been a no-brainer. Link to comment Share on other sites More sharing options...
Van der MoodHoover Posted October 17, 2018 Share Posted October 17, 2018 Don't really understand this tbh having read the link. Sounds as though the FA etc failed to act with sufficient enthusiasm to the offer and he's flounced - is that a fair summary? Link to comment Share on other sites More sharing options...
Sith Happens Posted October 17, 2018 Share Posted October 17, 2018 1 hour ago, HantsRam said: Don't really understand this tbh having read the link. Sounds as though the FA etc failed to act with sufficient enthusiasm to the offer and he's flounced - is that a fair summary? Maybe there wasnt enough brown envelopes involved. Link to comment Share on other sites More sharing options...
Rev Posted October 17, 2018 Share Posted October 17, 2018 3 hours ago, SaintRam said: I didn't really understand the complaints against selling it. The FA never owned the original Wembley, did they? Obviously there was trepidation as to whether the money would go into grassroots football or not, but if it were to do so it should've been a no-brainer. It was the grassroots who questioned the wisdom of selling Wembley to pay for the roll out of 3g pitches nationally, as I understand it. While welcoming the initial investment, once they'd asked who would pay for the £20k cost of removing such pitches in 10 years time at the end of their lifespan, and then who would pay a further £100k for a replacement pitch, they weren't convinced by the FA managements answers. I think Gary Neville has suggested a levy on agents fees to pay for such work going forward, which seems fair enough. Link to comment Share on other sites More sharing options...
QuitYourJibbaJivin Posted October 17, 2018 Share Posted October 17, 2018 I wasn’t that bothered wether they sold it or not to be honest. My problem was how much they were selling it for. How can you build something In London for £800m and then sell it for £600m 10 years later?! That’s just not how property works anywhere else in the world. Link to comment Share on other sites More sharing options...
RadioactiveWaste Posted October 17, 2018 Share Posted October 17, 2018 2 hours ago, QuitYourJibbaJivin said: I wasn’t that bothered wether they sold it or not to be honest. My problem was how much they were selling it for. How can you build something In London for £800m and then sell it for £600m 10 years later?! That’s just not how property works anywhere else in the world. Don't know what you mean, old boy, the Olympic stadium was so bad that west ham had to be given exceeding ffavourable tterms.... Link to comment Share on other sites More sharing options...
QuitYourJibbaJivin Posted October 18, 2018 Share Posted October 18, 2018 8 hours ago, RadioactiveWaste said: Don't know what you mean, old boy, the Olympic stadium was so bad that west ham had to be given exceeding ffavourable tterms.... The Olympic stadium was built for a month long tournament that was it. If a football team didn’t move in it would be derelict in a few years time if they could have broke even on it they would have been happy but they fudged that deal up as well. Everything at Wembley is already in place. England games, play off finals, NFL, European championship semis and finals. Shad Khan is a business man he wouldn’t have been buying it if he couldn’t make a poo ton of money out of It. Link to comment Share on other sites More sharing options...
Boycie Posted October 18, 2018 Share Posted October 18, 2018 Neville has a point, but it’s the agents who negotiate these players obscene amounts of money and in his case wage increases. Put a levy on the Agents, but also any player who gets a weekly wage over a set amount maybe? Say £100k a week? Link to comment Share on other sites More sharing options...
Wolfie Posted October 18, 2018 Share Posted October 18, 2018 I'm just surprised Wembley hasn't just been given to West Ham as a training ground. Link to comment Share on other sites More sharing options...
RadioactiveWaste Posted October 18, 2018 Share Posted October 18, 2018 2 hours ago, QuitYourJibbaJivin said: The Olympic stadium was built for a month long tournament that was it. If a football team didn’t move in it would be derelict in a few years time if they could have broke even on it they would have been happy but they fudged that deal up as well. Everything at Wembley is already in place. England games, play off finals, NFL, European championship semis and finals. Shad Khan is a business man he wouldn’t have been buying it if he couldn’t make a poo ton of money out of It. I was mocking tthe incredible bbad deal we the taxpayer got out of that one. West Ham must have been laughing. Link to comment Share on other sites More sharing options...
Spanish Posted October 18, 2018 Share Posted October 18, 2018 1 hour ago, Wolfie said: I'm just surprised Wembley hasn't just been given to West Ham as a training ground. all in good time if Brady gets her way Link to comment Share on other sites More sharing options...
Van der MoodHoover Posted October 19, 2018 Share Posted October 19, 2018 22 hours ago, Spanish said: all in good time if Brady gets her way saw a clip of her the other day spouting off something about how the City of London stadium could/should be used for much more than just football and that West Ham were "ready to help". Which i interpreted as "give us some more cash and we might put on some tawdry events if it makes the porn barons even more loot". Righto. ? Link to comment Share on other sites More sharing options...
CWC1983 Posted October 19, 2018 Share Posted October 19, 2018 Anyone been reading Craig Kline's posts on twitter over the past few weeks? Might explain why the bid was withdrawn. There seems to be an inference that Fulham were involved. Link to comment Share on other sites More sharing options...
Carl Sagan Posted October 20, 2018 Share Posted October 20, 2018 The deal offered made little financial sense anyway. Dreadful financial mismanagement of the original project and the Burton complex have made the FA strapped for cash, but this wouldn't have got back the original costs and the FA may well have had to pay back some of the grants they'd received to help build Wembley for the nation. Had the sale gone through, you only get this money once and I would not have trusted the FA to spend it wisely. Glad it's fallen through. Link to comment Share on other sites More sharing options...
Sith Happens Posted October 20, 2018 Share Posted October 20, 2018 6 hours ago, Carl Sagan said: The deal offered made little financial sense anyway. Dreadful financial mismanagement of the original project and the Burton complex have made the FA strapped for cash, but this wouldn't have got back the original costs and the FA may well have had to pay back some of the grants they'd received to help build Wembley for the nation. Had the sale gone through, you only get this money once and I would not have trusted the FA to spend it wisely. Glad it's fallen through. Spot on, you know all the suits at the FA would have spent half of it on plush hotels and expenses while they had 'workshops' to determine what to actually do with it. Link to comment Share on other sites More sharing options...
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