Wembley sale: FA in talks to flog stadium for £500million
PUBLISHED: 13:25 26 April 2018 | UPDATED: 13:36 26 April 2018
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The Football Association is in talks to flog Wembley Stadium for £500million.
The Evening Standard this afternoon reported American billionaire Shahid Khan, owner of Fulham FC and the Jacksonville Jaguars NFL team, has tabled the bid.
It was put before the full FA board today, and the Standard reports an outline agreement between Mr Khan and FA chief exec Martin Glenn is already in place.
The FA said in a statement: “We can confirm that the FA has received an offer to buy Wembley Stadium.”
The stadium in its current form opened in 2007, on the site of the old Wembley and its famous twin towers.
The 90,000-capacity ground is most famously associated with football – including England games and cup finals – but also hosts NFL matches and major concerts.
Rebuilding Wembley set the FA back £750million – for which it was widely maligned – and the deal would see it re-coup the remainder of its losses apparently to be invested in the grassroots game.
It is thought Wembley will still be England’s official home, but that more England games will be played across the country.
The NFL released a statement saying: “We are very happy for Shad Khan and the Jacksonville Jaguars.
“The potential purchase of Wembley Stadium is a further powerful sign of their commitment to the UK and their vision to help us grow the sport.
“Having stadium options in London has always been critical to the NFL and, in tandem with our 10-year partnership with Tottenham Hotspur, this new relationship would allow for even greater flexibility in scheduling future NFL games in London.”