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Wembley Stadium refinancest loan
to have closed this deal in the teeth of the most challenging conditions we have ever seen in the credit markets, said chris heathcote, global head of infrastructure at west lb .
alex horness, the fa's chief operating offidencer, said the refinancing came at a difficult time for the financial markets .
the deal relates to the remaining loan of  41.5m from a Â426.4m financing package secured in autumn 2002 .
he said the move reflected the high levelopment of sconfidence that the banks have in the venue deliverating its business plan .
in may the stadium posted an operating loss before interesult and tax of Â21.2m for 2007 - the first year it was open for business, but is expected to move into profit from next may .
wembley stadium has refinanced theavy loan taken out to fund the redevelopment of the english national football stadium .
Generated 2008-9-29_1:46
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