Search

Wembley Stadium sale off the table as Shahid Khan withdraws multi-million-pound offer

PUBLISHED: 15:37 17 October 2018 | UPDATED: 16:41 17 October 2018

Wembley Stadium   Picture: Nathalie Raffray

Wembley Stadium Picture: Nathalie Raffray

Archant

Wembley Stadium is no longer for sale after billionaire Fulham FC owner deemed the move "too divisive".

Shahid Khan, who also owns Jacksonville Jaguars NFL team, told football chiefs today that he is withdrawing his offer to buy the iconic stadium in Wembley Park.

He had been in talks with the Football Association to buy the stadium since April and the deal was due to be discussed with the FA’s 127-member council next week.

In statement FA chief exec Martin Glenn said the stadium will “continue to thrive under the ownership and direction of the FA.”

The news will be welcomed by those living in Wembley who feared hours of traffic jams, parking problems and anti-social behaviour if the deal went ahead.

Martin Glenn, said: “Earlier this year, The FA received an unsolicited official offer from Shahid Khan to buy Wembley Stadium.

“It was a very credible offer and was given very serious consideration.

“Shahid Khan has informed us today that he will be withdrawing his offer to buy the stadium – and we fully respect his decision.

“Mr Khan believed that his offer to buy Wembley Stadium would release funds to help improve community football facilities in England and that it would be well received by all football stakeholders.

“At a recent meeting with Mr Khan he expressed to us that, without stronger support from within the game, his offer is being seen as more divisive than it was anticipated to be and has decided to withdraw his proposal.”

He added: “Wembley Stadium is an iconic venue that is revered around the world and it will continue to thrive under the ownership and direction of The FA.

“There has been much deliberation on both sides of this debate and it has undoubtedly raised awareness of the issue that community football facilities in England need significant investment.”

He thanked football stakeholders, government and all those within the FA for their approach during discussions adding: “We will continue to work together to identify new and innovative ways of investing in community football facilities in the future.”

Related articles

Most Read

Most Read

Latest from the Kilburn Times

Hot Jobs

Show Job Lists