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Plans are well advanced to relaunch the sport at the 12,500-seat Wembley Arena in time for the start of the 2015-16 top-flight season.

A consortium of businessmen, including millionaire entrepreneur Neil Black – who already owns Elite League champs Nottingham Panthers and Braehead Clan – are behind the project.

Elite League chairman Tony Smith said: “We have allocated a London franchise to a group of people.

“It would be awesome to have a team playing out of Wembley.

“As we stand, it looks like there will definitely be a franchise in London in 2015-16, although there’s a bit of a question mark over exactly who will be operating Wembley Arena.”

The Commission Committee gave the provisional go-ahead for American entertainment giant AEG to add the Arena to their portfolio of indoor venues this week.

They already run the O2 Arena and funded the London Knights from 1998 until 2003, playing out of the now demolished London Docklands Arena.