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Taken from bbc.co.uk:
Wembley Stadium could be rescued by a consortium headed by a German bank.
Westdeutsche Landesbank is believed to be in last-minute talks over financing of the planned £715m redevelopment of the stadium.
Barclays, the UK's fourth biggest bank, had appeared to be the only serious bidder for the planned 90,000-seater development.
Barclays had proposed a £300m plan to finance the rebuilding of the north west London development.
But Westdeutsche Landesbank is said to be talking to Wembley National Stadium Limited about a possible package of between £400m and £500m, according to the Financial Times.
The funding proposal is reportedly being put together by Robin Saunders, head of the German bank's principal finance group, and her 32-strong team of investment bankers.
Ms Saunders is admired in the City of London for her skill at difficult transactions, having at one point drafted a bailout for Railtrack - a task many would shun - and rescued a floundering bond issue for Formula One motor racing, the newspaper said.
George Cohen, who played in England's 1966 World Cup-winning team, told BBC Radio 4's Today programme: "It is a bit ironic and a bit bizarre that we can't put the money up completely to fund our own stadium.
"It does seem a bit sad that we can't fund the whole thing."
"If the German banks can see a business opportunity, then I'm sure that any of the English banks could."
The estimated cost of rebuilding Wembley Stadium has more than trebled since the project was first mooted in 1996.
Back then, the budget was expected to be about £220m.
By May 2001, when the government refused a request from the Football Assocation for financial help with the troubled project, the cost had risen to £700m
How can we let Germans pay for our Wembley stadium? I know history is in the past etc, but it's a pretty sad state of affairs for English pride really isn't it!
Wembley Stadium could be rescued by a consortium headed by a German bank.
Westdeutsche Landesbank is believed to be in last-minute talks over financing of the planned £715m redevelopment of the stadium.
Barclays, the UK's fourth biggest bank, had appeared to be the only serious bidder for the planned 90,000-seater development.
Barclays had proposed a £300m plan to finance the rebuilding of the north west London development.
But Westdeutsche Landesbank is said to be talking to Wembley National Stadium Limited about a possible package of between £400m and £500m, according to the Financial Times.
The funding proposal is reportedly being put together by Robin Saunders, head of the German bank's principal finance group, and her 32-strong team of investment bankers.
Ms Saunders is admired in the City of London for her skill at difficult transactions, having at one point drafted a bailout for Railtrack - a task many would shun - and rescued a floundering bond issue for Formula One motor racing, the newspaper said.
George Cohen, who played in England's 1966 World Cup-winning team, told BBC Radio 4's Today programme: "It is a bit ironic and a bit bizarre that we can't put the money up completely to fund our own stadium.
"It does seem a bit sad that we can't fund the whole thing."
"If the German banks can see a business opportunity, then I'm sure that any of the English banks could."
The estimated cost of rebuilding Wembley Stadium has more than trebled since the project was first mooted in 1996.
Back then, the budget was expected to be about £220m.
By May 2001, when the government refused a request from the Football Assocation for financial help with the troubled project, the cost had risen to £700m
How can we let Germans pay for our Wembley stadium? I know history is in the past etc, but it's a pretty sad state of affairs for English pride really isn't it!
Barclays have now pulled out as they cannot afford the amount that the German Bank can.
WòókieeMøn§†€® wrote:
> I agree, it is a disgrace that we should be considering it.
>
> Not because they're German, or even because they're foreign.
>
> It is a disgrace that we cannot find the money ourselves to fund our
> own national stadium.
So would you say the same about.... MANAGEMENT!!
Eriksson's Swedish, and that is a forein nationallity to us English.
So isn't also saying that it's a discgrace that we cannot find the man from our own country to help our national team achieve success once again!
I'll leave you to think about that one.
And also probably dis-agree with me!
> I agree, it is a disgrace that we should be considering it.
>
> Not because they're German, or even because they're foreign.
>
> It is a disgrace that we cannot find the money ourselves to fund our
> own national stadium.
So would you say the same about.... MANAGEMENT!!
Eriksson's Swedish, and that is a forein nationallity to us English.
So isn't also saying that it's a discgrace that we cannot find the man from our own country to help our national team achieve success once again!
I'll leave you to think about that one.
And also probably dis-agree with me!
I've got an idea:
When no-one's watching let's cleverly swap the Millenium Dome for the Millenium Stadium and tell the Welsh that the roof got stuck, they'll never be able to tell the difference.
When no-one's watching let's cleverly swap the Millenium Dome for the Millenium Stadium and tell the Welsh that the roof got stuck, they'll never be able to tell the difference.
WòókieeMøn§†€® wrote:
> I think it should be paid for by the Government and, if necessary,
> money from the Lottery. After all, the Government managed to find
> enough money to waste on the Dome.
Yes, yes yes and lastly, YES!
Wembley is an important part of our history and our future, so it should be an English project, funded by English money (It's not a racist thing, it's just the way it should be).
The whole Wembley Stadium project stinks of imcompetence.
> I think it should be paid for by the Government and, if necessary,
> money from the Lottery. After all, the Government managed to find
> enough money to waste on the Dome.
Yes, yes yes and lastly, YES!
Wembley is an important part of our history and our future, so it should be an English project, funded by English money (It's not a racist thing, it's just the way it should be).
The whole Wembley Stadium project stinks of imcompetence.
I agree, it is a disgrace that we should be considering it.
Not because they're German, or even because they're foreign.
It is a disgrace that we cannot find the money ourselves to fund our own national stadium.
I think it should be paid for by the Government and, if necessary, money from the Lottery. After all, the Government managed to find enough money to waste on the Dome.
Not because they're German, or even because they're foreign.
It is a disgrace that we cannot find the money ourselves to fund our own national stadium.
I think it should be paid for by the Government and, if necessary, money from the Lottery. After all, the Government managed to find enough money to waste on the Dome.
Taken from bbc.co.uk:
Wembley Stadium could be rescued by a consortium headed by a German bank.
Westdeutsche Landesbank is believed to be in last-minute talks over financing of the planned £715m redevelopment of the stadium.
Barclays, the UK's fourth biggest bank, had appeared to be the only serious bidder for the planned 90,000-seater development.
Barclays had proposed a £300m plan to finance the rebuilding of the north west London development.
But Westdeutsche Landesbank is said to be talking to Wembley National Stadium Limited about a possible package of between £400m and £500m, according to the Financial Times.
The funding proposal is reportedly being put together by Robin Saunders, head of the German bank's principal finance group, and her 32-strong team of investment bankers.
Ms Saunders is admired in the City of London for her skill at difficult transactions, having at one point drafted a bailout for Railtrack - a task many would shun - and rescued a floundering bond issue for Formula One motor racing, the newspaper said.
George Cohen, who played in England's 1966 World Cup-winning team, told BBC Radio 4's Today programme: "It is a bit ironic and a bit bizarre that we can't put the money up completely to fund our own stadium.
"It does seem a bit sad that we can't fund the whole thing."
"If the German banks can see a business opportunity, then I'm sure that any of the English banks could."
The estimated cost of rebuilding Wembley Stadium has more than trebled since the project was first mooted in 1996.
Back then, the budget was expected to be about £220m.
By May 2001, when the government refused a request from the Football Assocation for financial help with the troubled project, the cost had risen to £700m
How can we let Germans pay for our Wembley stadium? I know history is in the past etc, but it's a pretty sad state of affairs for English pride really isn't it!
Wembley Stadium could be rescued by a consortium headed by a German bank.
Westdeutsche Landesbank is believed to be in last-minute talks over financing of the planned £715m redevelopment of the stadium.
Barclays, the UK's fourth biggest bank, had appeared to be the only serious bidder for the planned 90,000-seater development.
Barclays had proposed a £300m plan to finance the rebuilding of the north west London development.
But Westdeutsche Landesbank is said to be talking to Wembley National Stadium Limited about a possible package of between £400m and £500m, according to the Financial Times.
The funding proposal is reportedly being put together by Robin Saunders, head of the German bank's principal finance group, and her 32-strong team of investment bankers.
Ms Saunders is admired in the City of London for her skill at difficult transactions, having at one point drafted a bailout for Railtrack - a task many would shun - and rescued a floundering bond issue for Formula One motor racing, the newspaper said.
George Cohen, who played in England's 1966 World Cup-winning team, told BBC Radio 4's Today programme: "It is a bit ironic and a bit bizarre that we can't put the money up completely to fund our own stadium.
"It does seem a bit sad that we can't fund the whole thing."
"If the German banks can see a business opportunity, then I'm sure that any of the English banks could."
The estimated cost of rebuilding Wembley Stadium has more than trebled since the project was first mooted in 1996.
Back then, the budget was expected to be about £220m.
By May 2001, when the government refused a request from the Football Assocation for financial help with the troubled project, the cost had risen to £700m
How can we let Germans pay for our Wembley stadium? I know history is in the past etc, but it's a pretty sad state of affairs for English pride really isn't it!