English FA in talks to sell Wembley to Fulham owner

Judy Cobb
April 29, 2018

Reports in England say Khan's offer is a £500m cash bid, which will allow the FA to keep its Club Wembley hospitality business and debenture, valued at £300m.

On Thursday, Khan confirmed that he made an offer to buy Wembley Stadium and in a statement released through the Jags' official site he explained why.

Wembley itself is also familiar to Florida-based businessman Khan - who is now valued at over $7.2 billion dollars - as his Jacksonville Jaguars team have played regular season games at the venue on five occasions.

The Football Association has received an offer to buy Wembley Stadium.

Should the deal go ahead, then the England national team may be forced to play their home matches away from the hallowed turf, while it would also witness the birth of the first ever NFL franchise outside of the U.S. - as the Jaguars would play all their matches between September and December at Wembley.

Khan insisted the England national team would still be able to use Wembley as their home venue, while the FA and League Cup finals would also continue to be played there.

The London Evening Standard reported that Shahid Khan, who owns Championship club Fulham and the NFL´s Jacksonville Jaguars, is behind the £500 million ($698 million) bid to buy the national stadium.

The stadium, which is now also used as Tottenham's temporary home, was finished in 2007 at a cost of nearly £800 million.

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It's the home of English football but for the first time in its history Wembley Stadium could be under foreign ownership...

"The games the Jaguars play at Wembley are essential to the financial stability of the Jaguars in Jacksonville, which is one of the smallest markets in the NFL", Khan said.

"One of the many benefits of the Jaguars' commitment to London has been our partnership with the FA and Wembley Stadium".

It so happens that Wembley is located in a part of London with a huge Indian-origin population. "But Wembley is the historic home of English football and holds a very special place in the hearts of fans up and down the country and I'm sure the FA will want to strongly consider the views of these supporters before deciding what to do next".

It is no stranger to hosting NFL games and has been a temporary base for Tottenham Hotspur during the current football season while the Premier League side's new stadium is completed.

Khan insisted that his objective for the potential transaction is not to send the Jaguars to London, rather to strengthen the franchise.

Sky Sports News understands that all existing contracts presently in place will be honoured, for example the EFL contract for play-offs and Carabao Cup, and the summer season of music concerts including Ed Sheeran and Taylor Swift.

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