They didn't hire Multiplex did they? them bloody yanks will do anything to same a dime or two
Multiplex warns of Wembley project own goal as losses mount
MULTIPLEX, the Australian construction group building the new Wembley football stadium in London, today warned that it faced possible heavy losses from the £500 million flagship project.
The firm had originally agreed to cover losses on the project up to around £21m, but said today that margins may have "deteriorated significantly" and that losses could jump.
John Roberts, who set up the company in 1962, has agreed to step down as executive chairman while another director has also left the board. Shares in the Sydney-listed group have been suspended while the company takes a further look at the position, which emerged following a internal review. It expects to provide further information on Monday.
One of the outcomes of the review could be a "loss position significantly greater" than the £21m covered by the Roberts Family indemnity, a statement said.
The stadium project is due to be completed in time for next season's FA Cup Final.
A spokesman for Multiplex said today: "We are still very confident that we will meet our contractual obligations."(which they did not as we played West Ham in the Millennium stadium, Cardiff
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