League clubs entitled to cut of any Wembley sale, says EFL chief
The Football Association is considering an offer to buy the national stadium.
Football League clubs are entitled to a share of the proceeds of any sale of Wembley Stadium, the EFL’s chief executive has insisted.
Shaun Harvey claims the professional game, including the 72 Sky Bet Championship, League One and League Two members, would be due 50 per cent of what remained after outstanding costs had been met, and suggested that the governing body would only support a decision to sell if that condition was met.
The Football Association has received an offer of around £900million from Shahid Khan, the owner of Fulham and the Jacksonville Jaguars NFL team, and it is estimated that, once all repayments are covered, in the region of £600million will remain in its coffers.
Mr Harvey said: “Under the current distribution mechanism, the professional game is entitled to 50 per cent of the any proceeds after central costs have been met, and 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.
“The 72 clubs of the EFL, along with those in the Premier League, already do a tremendous amount of work through their community schemes at a grass-roots level, and the creation of a fund to develop facilities for the expansion of this work, along with training of young players within each club’s academy would be an ideal use of any funds, as would seeing the money used to improve stadium facilities for fans who watch our games.
“The EFL can deliver a positive outcome across all our clubs which would see some of the money used to promote participation at both a recreational and excellence level for all ages for both male and females, as well as improving facilities for fans watching our games.”
The EFL acknowledges that it is the FA board which must decide whether or not to sell the redeveloped national stadium, but is adamant that it must strike the right deal for the English game as a whole.
It has cited community projects such as Accrington Stanley’s Sports Hub, Yeovil’s hotel and leisure centre and the Forest Sports Zone as examples of the kind of work currently ongoing at member clubs.