10:30AM Contractor responds to weekend speculation over deal struck with FA

Wembley contractor Multiplex this morning responded to speculation that it had reached an out of court settlement with the Football Association, claiming that discussions were "ongoing".

The firm said commercial terms "remained to be finalised". A report in yesterday's Observer claimed the two parties had reached a settlement that would lead to the FA paying Multiplex £35m. This would also mean that the 90,000-seater stadium would be completed in time for next may's FA Cup final.

The Multiplex statement

In response to recent media speculation in the United Kingdom and Australia surrounding negotiations on the Wembley project dispute between Multiplex and the client, WNSL, Multiplex advises the following:

  • Discussions in relation to a potential settlement between Multiplex and WNSL are progressing; and
  • the commercial terms remain to be finalised.
Multiplex will advise the market if and when any settlement with WNSL is completed.

Source

QS News