BBC SPORT Arabic Spanish Russian Chinese
BBCi NEWS   SPORT   WEATHER   WORLD SERVICE   A-Z INDEX    SEARCH 

BBC Sport
 You are in: Special Events: 2001: Search for a New Wembley  
Sport Front Page
-------------------
Football
Cricket
Rugby Union
Rugby League
Tennis
Golf
Motorsport
Boxing
Athletics
Other Sports
-------------------
Special Events
-------------------
Sports Talk
-------------------
BBC Pundits
TV & Radio
Question of Sport
-------------------
Photo Galleries
Funny Old Game
-------------------
Around The UK: 
N Ireland
Scotland
Wales

BBC Sport Academy
BBC News
BBC Weather
SERVICES
-------------
LANGUAGES
EDITIONS

Wednesday, 25 September, 2002, 11:20 GMT 12:20 UK
A long and winding road

Now that the FA, the government, Sport England, Brent Council, the GLA and Uncle Tom Cobbleigh and all have finally decided on plans for its redevelopment, Wembley will be resonating to the dull thud of the wrecking ball in just a few days.

The money is in (somewhat ironically, from a German bank), the FA is expected to up its stake to 150m, and the Government is happy that the plan is watertight.

Phew.

It has taken eight tortuous years, a process so painful that just getting to this point feels like closure, let alone the start of the real hard work.

Now comes the task of turning Sir Norman Foster's grand design into (if you believe the media release) the "world's finest stadium."

Easy. Multiplex, the Australian construction firm, have already agreed the price, and will build Wembley Mk II according to the pretty pictures.

They've had plenty of time to think about it, and obviously all the detailed planning is at an advanced stage, so there shouldn't be too many excuses.

Wembley's Twin Towers behind security hoardings
Wembley currently lies derelict

But no-one in their right mind would predict there won't be any more delays to a 750m project with so many vested interests involved.

The colossal weight of expectation will only add to the pressure on the design and construction teams to get it right.

Their mission is to rattle the thing up in time for the FA Cup final in 2006 - I suspect they'll need a bit of luck along the way.

'Medium-term investment'

But running alongside the physical construction project will be the other essential building work: creating a financial structure that will actually make the thing pay.

There are something like 18,000 corporate boxes to sell, which the FA will be relying on for the lion's share of the anticipated 70m in revenue each year.

People in the know say this is a medium term investment, a 15-year mortgage to be serviced before a sustained pay-day that actually makes creating a national stadium a no-brainer.

It will make money, so "they" say, and will continue to generously return the FA's investment long into the century ahead.

So after a lunatic process thus far, it may just be that they are not so daft after all.

 VOTE RESULTS
Will the new Wembley be worth the money?

Yes
 40.98% 

No
 59.02% 

26010 Votes Cast

Results are indicative and may not reflect public opinion

Latest news

Background

Photo gallery

Have your say

The old Wembley

Internet link
Links to more Search for a New Wembley stories are at the foot of the page.


E-mail this story to a friend

Links to more Search for a New Wembley stories

© BBC ^^ Back to top

Sport Front Page | Football | Cricket | Rugby Union | Rugby League |
Tennis | Golf | Motorsport | Boxing | Athletics | Other Sports |
Special Events | Sports Talk | BBC Pundits | TV & Radio | Question of Sport |
Photo Galleries | Funny Old Game | N Ireland | Scotland | Wales