Wembley Arena, London, top left, is now part of a destination development called Wembley Park.

Increased bookings, sponsorships and premium seating options are a few of the ways AEG Facilities plans to build revenue at the iconic Wembley Arena, London, which they will manage for the next 15 years with options.

AEG was selected to run the venue in January, but had to await approval from the Competition Commission, the U.K.’s independent public body which conducts in-depth investi...

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