Wembley Stadium
Wembley Stadium

Billionaire owner of Fulham Shahid Khan has withdrawn his offer to buy Wembley Stadium, the Football Association has confirmed.

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Recall Concise News had reported that Khan – who also owns NFL team Jacksonville Jaguars – had offered £600m for the ground.

However, the potential deal is now off.

The FA Council was due to vote on the sale next week.

FA Chief Executive, Martin Glenn, said on Wednesday: “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.

“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.”