Ice man heads Wembley bids

The main front runner in the race to buy the Wembley Arena and Conference Centre is believed to be Philip Anschultz, owner of the ice-hockey team the London Knights.

The main front runner in the race to buy the Wembley Arena and Conference Centre is believed to be Philip Anschultz, owner of the ice-hockey team the London Knights. Anschultz is expected to team up with US entertainment group Sfx and press reports state he has lodged his interest with Deutsche Bank, which is handling the auction for Wembley. Any bids for the complex will include the surrounding 50 acres. Deutsche Bank told the Sunday Times it had received eight preliminary offers for the site, which is worth up to £70m. However, Wembley could not confirm the identity of any of the bidders. “The process is subject to strict confidentiality clauses,” said a Wembley spokesman. “There have been about 50 different companies expressing an interest from property developers to leisure companies.” Deadlines for the bidding process have not been confirmed. The spokesman added that the timing for the process is “uncertain”.

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