FA receives £800m offer to sell Wembley

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The Football Association has received an offer, thought to be worth £800m, to sell Wembley Stadium.

Shahid Khan, the owner of Fulham and NFL team Jacksonville Jaguars, is the prospective buyer.

It is understood the approach includes £500m for the stadium and £300m for the FA to keep the Club Wembley debenture and hospitality business.

NFL executive vice-president Mark Waller said having stadium options in London has been “critical to the NFL”.

His statement added: “The potential purchase of Wembley Stadium is a further powerful sign of their commitment to the UK and their vision to help us grow the sport.

“This new relationship would allow for even greater flexibility in scheduling future NFL games in London.”

The matter was discussed at an FA board meeting on Thursday.

The 90,000-seat stadium, which is the largest in the United Kingdom, cost £757m to build and opened in 2007.

Tottenham have played their home Premier League games at Wembley this season while work on their new stadium takes place.

Spurs also have a deal with the NFL to stage a minimum of two games a season over 10 years once the new stadium is complete.

Tottenham chairman Daniel Levy said the link-up with the NFL was a “compelling and exciting partnership”.

The FA said in January it would finish paying for the ground by the end of 2054.

-BBC

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A Freelance Journalist, Entrepreneur and Philanthropist. Editor-in-Chief of www.233times.com. A contributory writer for Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morgan

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