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| | Wednesday, 25 September, 2002, 10:04 GMT 11:04 UK The cost of Wembley  The cost of redeveloping Wembley has soared The new Wembley is expected to cost a staggering �750m, making it the most expensive sporting arena in the world. Years of political wrangling and funding delays have pushed the price of building the new stadium through the roof.
The �750m cost of redeveloping Wembley is in stark contrast to the �190m spent to build Cardiff's impressive Millennium Stadium. Rival bids from Birmingham and Coventry were also half the price now being put on a new Wembley. The breakdown of costs for the new Wembley project is as follows:
Fees to bankers and lawyers alone are reported to add up to �82m, double the cost of building a stadium for a First Division club. About �170m has come from public money, comprising �120m from the National Lottery and �50m from the Government and London Development Agency. | |
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