Football Association chief executive Adam Crozier has taken a more hands-on role over the Wembley national stadium project, after its application for £410M in loans was thrown out by the banks this week. Crozier will take charge of drafting a new bid for funding in the new year. This is expected to include a scaled down design without the originally planned hotel and office space, responding to the banks' fears that the stadium will not be able to attract the corporate entertainment income forecast by the FA.
Other options are to reduce the seating capacity or cram the seats into a smaller area. The new bid is not expected to include a major structural re-design. Demolition of the existing stadium will not start until the new bid is approved.