Based on the reports on the ground if Wembley Stadium gets sold, the stadium may cease the promotion of gambling sponsors. Sports betting and other gambling sponsors may lose their advertising spot in the stadium. It may lead to some financial issues as well as legal action. Solicitors Guru paints a clear picture in this post that the UK government is quite biased when it comes to gambling businesses when looking at the laws they have put in place.
The owner of Fulham, a Premier League Football Club, Shahid Khan was amongst those to make a bid on the famous stadium. The proposal of £600m was made to the FA by the billionaire to own the stadium. One of the terms of sale is that Khan is not permitted to rename the stadium until more than three decades have gone by, in the year 2057. There is a myriad of other measures that the FA has put in place to ensure that Wembley Stadium doesn’t stop being the English football’s home. We are expecting that FA will decide the fate of the stadium by the end of the year.
Gambling sponsorship ban
Condition to ban sponsors relating to gambling in the Wembley Stadium should not come as a surprise. FA has cut all links with gambling giant Ladbrokes in June the year before. It is doubtful that Ladbrokes or any other gambling institution will be allowed by the FA to sponsor the Wembley Stadium any time soon since FA re-evaluated their approach to deals with gambling companies.
The result of how the relationship between FA and Ladbrokes has ended shook the betting and football scene, as the former felt that the betting institution was not the right partner for FA because of the Joey Barton case, who is a former player that was arrested for various betting offenses. That was a high profile case covered by all major media outlets generating a lot of negative attention and shattering the ties.
More restrictions for next owner
If Khan buys the stadium and ever decides to sell it later on, he will have to acquire approval from the UK government. Khan is not only Fulham’s owner, but he is also the owner of Jacksonville Jaguars NFL team. If he buys the Wembley Stadium, there is a good chance that the Jaguars may play a lot of games in London. The sale conditions do not stop at that, as Khan is not permitted to display any form of Jaguars branding in the stadium, any time of the day or night.
Martin Glenn, the FA Chief Executive, feels the football governing body is still contemplating if the commercial deal will work or not. He went on to state that anyone that purchases the stadium is not allowed to alter its name, and has to ensure the stadium remains up to the highest standards of quality while keeping the grass evergreen. The sale of the assets will have significant restrictions.
The FA has not stated more than that on the issue.