Wednesday, 17 October 2018

Wembley: Shahid Khan withdraws 'divisive' offer to buy national stadium from the Football Association

Fulham owner Shahid Khan has withdrawn his offer to buy Wembley Stadium from the Football Association after the plan became "divisive".

Khan had offered £600m for the national stadium, with the FA retaining the Club Wembley hospitality rights, which it valued at £250m to £300m.

The move was "more divisive then expected", said FA chief Martin Glenn.
Khan has not ruled out making another bid in future if there is more support from FA Council members.

The FA had said it would invest the proceeds of the sale into improving grassroots football facilities.

Sports Minister Tracey Crouch told the BBC she was "very disappointed" by the decision, calling the offer "a huge opportunity to boost funding into the development and maintenance of artificial and grass pitches up and down the country".

FA executives made a presentation to the FA Council last week about why they were backing the sale to Khan, and the 127 council members were scheduled to vote on the proposed sale on 24 October.

BBC      News.

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