English Football Clubs To Get 50% If Wembley Is Sold By EFA

न्यूज़ वर्ल्ड इंडिया | 0
| May 9 , 2018 , 13:05 IST

The English Football Association’s chief executive Shaun Harvey on Tuesday said that the English Football League (EFL) Clubs and the Premier League Clubs are entitled to money if the iconic Wembley stadium is sold.

The FA confirmed last month that negotiations were ongoing to sell the national stadium to U.S. billionaire Shahid Khan, with British media saying that the deal could be worth up to 1 billion pounds (Rs 9117 Crore).

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“Under the current distribution mechanism the professional game is entitled to 50 percent of the proceeds after central costs have been met,” Harvey said to the media.

“Any move away from this principle will only be achieved if we can be satisfied that the money will be properly utilised for the benefit of the game as a whole in England, including at our clubs,” he added.

British media reports estimate that the FA will cash in on around 600 million pounds (Rs 5,470 Crore) from the sale after repaying all their debts.

London mayor Sadiq Khan is also eager for assurances from the FA over the potential deal.

“Taxpayers’ money was used for Wembley and we want to make sure the cup finals take place at Wembley. Also, it’s the home of England and those assurances are really important,” Khan told reporters on Tuesday.