England Set To Sell Wembley Stadium To Pakistani Billionaire

BREAKING NEWS: Wembley, England v Nigeria venue to be sold

BREAKING NEWS: Wembley, England v Nigeria venue to be sold

Jacksonville Jaguars' owner Shad Khan has entered a bod of around $700M to purchase Wembley Stadium across the pond in London, according to the Evening Standard.

Mr Khan, who is worth an estimated £5.2billion, is prepared to pay more than £500m in cash and allow the FA to keep its hospitality business Club Wembley that is valued at a further £300m.

"We therefore ask Shahid Khan to ensure that any potential impact of his bid for Wembley in relation to Fulham is discussed with the Trust as we will fulfil our role representing Fulham fans and articulating their concerns as they arise".

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".

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

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

"The news of the bid from Fulham's owner for Wembley stadium is prompting interest and questions from across English football", FST Chairman Tom Greatrex said. In 2012 Jacksonville signed a deal to hold one of their games at Wembley each year from 2013 to 2016, and have since extended that deal through 2020. If you sell Wembley you can sell Big Ben and Buckingham Palace?

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England would go on the road for many games if the Jaguars moved to London.

Khan, who sports a luxuriant moustache that would not disgrace a Pakistani general, has promised to be a good citizen and said that "should we be fortunate to close on the purchase. the spirit and essence of Wembley would be unchanged".

Khan's motivation for buying Wembley is to "protect the Jaguars' position in London".

"Having stadium options in London has always been critical to the National Football League and, in tandem with our 10-year partnership with Tottenham Hotspur, this new relationship would allow for even greater flexibility in scheduling future National Football League games in London".

But for a ground officially known right now as "Wembley Stadium connected by EE" that's maybe not such a leap. The recent FA Cup semi-finals followed on successive days, which has always been considered the norm - as has allowing the likes of Lincoln and Shrewsbury to go head-to-head on the Hallowed turf in the final of the much-maligned Checkatrade Trophy which saw a crowd of 41,261 head to Wembley.

"Tandem with our 10-year partnership with Tottenham Hotspur, this new relationship would allow for even greater flexibility in scheduling future National Football League games in London".

Local MP and shadow global trade secretary Barry Gardiner was equally hostile to the bid: "Let's not see our National Football Stadium traded away in a backroom deal".

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