• Deal with consortium of banks will reduce interest payments[br]• ‘Wembley will return cash surpluses to FA for reinvestment into football’The Football organization will save at least £12m a year after refinancing its Wembley debt,the Guardian can reveal, as the national stadium moves from onerous millstone to money maker for the first time.
According to the FA, or which is trying to save at least £30m per year to reinvest in grassroots football amid a controversial round of job cuts,the new facility with a consortium of banks will reduce its interest payments and give it more flexibility.
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Source: theguardian.com