FA Expect Wembley Stadium to Breakeven in 2015

The Football Association (FA) have announced they expect England’s National Stadium, Wembley, to breakeven in 2015, a year after it was originally planned.

Football Association chairman David Bernstein said: “Wembley is doing very well, it has been extremely profitable.”

Mr Bernstein added that the rebuilt stadium was showing an annual operating profit of between £40m ($61.2m) and £50m ($76.5m).

He said he expected the stadium, built for £757m ($1.15bn) and opened in 2007, to start splashing cash into the game by 2015.

But a problematic issue that Bernstein identified was large interest charges and other continuing costs.

The FA, which owns the stadium through its subsidiary Wembley National Stadium Ltd, said earlier this year it envisaged Wembley breaking even in 2014.

But Mr Bernstein told delegates at the Leaders in Football event in London: “By 2015, Wembley should start putting money back into the game, instead of being subsidised by the game.”

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