David Owen: Despite all the hard work, Wembley Stadium is still a huge financial burden on the FA

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The most telling information in the Football Association’s recently published 2010 annual report and financial statements comes on page 24 of the 42-page document.

This tells us that, for all the pain and hard work that went into driving up the body’s overall financial performance, stadium and non-FA event management remained heavily in loss – to the tune of £12.1 million ($18.9 million/€13.9 million) at the pre-tax level, against £15.6 million ($24.4 million/€ million) in 2009.

In other words, the new Wembley stadium remains a costly indulgence.

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