Supplementary memorandum submitted by
Wembley National Stadium Limited
1. What is the position regarding the design
and financing of the Stadium at the end of January 2001?
At a Board meeting of the Football Association
on 1 February, the FA approved a revised and enhanced package
of financial support for the Wembley Project with a view to returning
to the City for fundraising in April 2001. The design remains
2. What is the timetable for demolition and
construction as of the end of January 2001?
Assuming fundraising is successful, WNSL expects
to commence demolition in June 2001 with a view to completing
construction by December 2004.
3. What is the Company's response to the issues
relating to the sale of the twin towers raised in debate in the
House of Commons on 29 November?
WNSL has always been enthusiastic about the
preservation of the twin towers, but with the proviso that it
does not impinge financially on the development of the new stadium.
WNSL has worked closely with Halton Borough Council on exploring
the possibility that parts of the towers would be transported
to the north-west to form part of a Rugby League museum. However
on the appointment of a preferred main contractor and a demolition
contractor, it became clear that isolating the towers during the
demolition programme would add roughly £10 million to the
construction of the new stadium. Halton made it clear that it
could not provide recompense to WNSL for such a sum and, following
one further letter from the Chief Executive of Halton BC expressing
disappointment, contact between WNSL and Halton BC effectively
WNSL is confused by a subsequent media statement
by Halton BC to the effect that they could remove the towers within
weeks. This would, of course, be contrary to listed building consent,
something of which Halton BC, as a planning authority, should
properly be aware.
4. Has final agreement been reached regarding
the payment of £20 million to Sport England and will the
timetable be as set out in your memorandum?
At the time of writing the payment is still
a matter of discussion between WNSL, the FA, Sport England and
the Secretary of State.
5. What is the estimated cost of making the
Stadium available for an athletics event on a commercial basis?
There is no standard hire fee for Wembley as
the nature and costs of each event (eg timing, staffing and policing)
vary. The most useful comparison may be with a day-long concert
at the stadium where Wembley could expect to cover variable costs
and receive additional revenue of circa £200,000 to cover
fixed costs and profit. This cost, multiplied by the number of
days in the event, would, of course, be in addition to the cost
of any conversion to an athletics mode.