Annex 12
Letter, 13 April 2000, from Sport England
to the Football Association
WEMBLEY
As you will be aware from our correspondence
and discussions over the last few weeks, I am becoming increasingly
concerned to reach agreement with the Football Association over
the repayment of the £20 million agreed between Ken Bates
(on behalf of the Football Association) and the Secretary of State.
In his letter to Ken Bates of 7 January 2000,
the Secretary of State indicated that the agreement was a straightforward
repayment as follows:
"After discussing various possible options
for repaying £20 million over a period, it was agreed that
the best would be to commence repayments in year 2000, paying
£3 million per annum in each of 2000, 2001 and 2002, £5
million in 2003 and £6 million in 2004. However, the FA would
use its best endeavours to repay faster as money started to come
in from Wembley earlier, and particularly as soon as corporate
boxes started to be sold which could be as early as September
2000."
In this context I am not clear why a proposal
from the FA back to us does not simply reflect this agreement.
We have not been informed of any other conditions attached to
the agreement.
I look forward to hearing from youas
always I would be happy to discuss.
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