The 拢750m deal to redevelop Wembley Stadium is entering its final stages and may be signed as early as today.
A senior source close to the project said the 拢420m loan agreement between the Football Association subsidiary Wembley National Stadium and German bank WestLB 鈥� the last part of the overall deal to be finalised 鈥� could be closed this week.

The source said on Wednesday: "There are one or two technicalities that are out of our hands, so we have to wait and see. These may delay the signing of the deal until next week. The reports that it is a done deal are premature.

"But, having said that, we are very close to getting all the bank papers together. We're in the home straight but we can't see the finishing line yet. There's a 50/50 chance the deal will be signed on Friday but if not, then early next week."

Demolition of the old Wembley stadium will start as soon as the deal is finalised.

好色先生TV revealed in May that the construction cost of the stadium would be 拢410m, but sources have claimed the figure is rising as the delays drag on.

The stadium has been closed since England lost a World Cup qualifier to Germany in September 2000. However, the Football Association is planning to open the facility in time to host the 2006 FA Cup Final.

We are very close to getting all the bank papers together. We鈥檙e in the home straight, but we can鈥檛 see the finishing line yet

Senior source close to Wembley deal

WestLB and the FA have been in negotiations since April but have so far failed to sign a formal agreement.

  • The Irish government is experiencing similar difficulties in building a national stadium as it British counterpart.

    The latest setback to the ground, popularly known as Bertie's Bowl, follows a decision by the Irish cabinet to withdraw public funding. It has now been advertised in national newspapers.

    It is known that several sports management and construction firms have been in contact about the Abbotstown project.