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Wembley worries

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Fees for bankers and lawyers involved with the Wembley Stadium deal have 'soared to £82 million', as the Sunday Telegraph put it. You could build a stadium for that. Even more worrying is the intelligence, conveyed by the Sunday Express, that the deal to get the show on the road owes much to the activities of one Paul 'BoomBoom' Bloomfield, a formerly disgraced finance and property man with an uncanny knack of bouncing back. He once sold the Paternoster Square site to unsuspecting Venezuelans with a sniffy reputation (if you know what I mean) by waving £50 notes featuring St Paul's in front of them, as evidence of the site's importance.They didn't notice they were buying leases, not freeholds, until it was too late.

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