Wembley back in profit ahead of Shahid Khan takeover bid

The latest accounts for Wembley Stadium show a return to profit, ahead of the proposed takeover by American billionaire Shahid Khan.

The National Stadium made pre-tax profits of £5.5million in the year to July 2017, compared with a £5m loss in 2016. Operating profits were £12.5m, up by £500,000.

It was revealed last month that Fulham and Jackonsville Jaguars owner Khan launched a bid over more than £500m to buy the ground from the Football Association.

Wembley’s strategic report which revealed the latest figures, said: “Hosting the most high-profile, showpiece events is critical to maintaining Wembley’s position as one of the world’s leading stadia.”

Wembley’s profits for 2016-17 were boosted by Tottenham playing four fixtures there — three in the Champions League and one in the Europa League. The stadium also hosted the record-breaking world heavyweight title fight between Anthony Joshua and Wladimir Klitschko

The turnover for 2016‑17 was £104.1m — a drop of £300,00 from the previous year, partly due to fewer concerts. However, a gig by Adele there last July attracted a record crowd for the ground of 98,000.

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