AEG’s deal to manage Wembley Arena has been provisionally cleared by the Competition Commission.

The live promoter signed a management agreement with the venue’s owner Quintain Estates & Development earlier this year, replacing Live Nation Entertainment.

However, The OFT raised concerns about the deal over fears that it could lead to further dominance of London venues by the US firm and drive ticket prices higher. The promoter already owns London’s O2 Arena and Hammersmith Apollo as well as recently picking ...