Thursday, 26 April 2018

Football Association offered £900m to sell Wembley Stadium

Fulham owner Shahid Khan has made an offer, thought to be worth £900m, to buy Wembley Stadium from the Football Association.

 Shahid Khan
Shahid Khan
It is understood Khan would pay £600m for the stadium and the FA will continue to run the Club Wembley hospitality business, valued at £300m.

The FA board discussed the approach at a meeting on Thursday.
"We would strive to be the best possible steward for a venue that is iconic," said Khan.

The owner of NFL side Jacksonville Jaguars added: "Wembley would return to private ownership and the Football Association would be able to focus on its core mission of developing players.

"I trust many if not most of you are also supporters of the England national teams, so I hope you welcome the potential of this becoming a reality."

Fulham coach Slavisa Jokanovic said at a news conference on Thursday that Khan told him "about his plan a year and a half ago - he's very ambitious".

BBC Sport understands selling Wembley would allow the FA to make a major investment into football at grassroots level.

BBC     News.

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