Jaguars Owner Shad Khan Withdraws Bid to Purchase Wembley Stadium

Paola Ditto
Ottobre 18, 2018

Khan, who owns American football team the Jacksonville Jaguars of the NFL (National Football League) and English Premier League club Fulham, said his offer had not received the full backing he had hoped for.

According to the FA's official site, Khan met with the association recently and came to the conclusion that he'd need stronger support from the game of soccer and that his bid was being viewed as more divisive than had been anticipated.

Concerns about whether the FA were selling the stadium, which cost £757 million to rebuild, too cheaply, its ability to invest the money in the way it promised to and fears over losing control of a "national asset" to a private owner, all appear to have combined to scupper the sale.

"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 chose to withdraw his proposal", Glenn said in a statement.

But the tycoon said in a statement he took the decision to pull the plug when it became clear only a slim majority would be in favour.

While the FA called the offer "unsolicited", the governing body's leadership was happy on the prospect of receiving a windfall to spend on improving community soccer facilities while still being able to use Wembley for key England national team matches and domestic cup finals.

The sale of Wembley Stadium has collapsed a week before a decisive vote on the controversial proposal was due to be held.

The move was "more divisive then expected", said FA chief Martin Glenn.

Unfortunately, given where we are today, I've concluded that the outcome of a vote next week would be far from sufficient in expressing the broad support favored by the FA Chairman to sell Wembley Stadium.

'I can not rule out revisiting the opportunity at another time when perhaps the Football Association family is unified in its views on the opportunity.

'The journey was not without its rewards, as I have strengthened standing relationships while making new friends along the way.

'I recognise the passion many people have for Wembley and what it means to English football, and will be willing to re-engage with the FA on this matter under proper circumstances.

Wembley Stadium will remain in the hands of the English FA.

Sportsmail reported last week that The FA will have a £72m bill for upgrades to pay for if the sale was to fall through.

A debt of £142m reportedly remains.

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