Shad Khan drops bid to buy Wembley Stadium amid opposition
American sports magnate, who also owns Fulham, had reportedly placed a £600m bid
London: The English Football Association has dropped its plans to sell Wembley Stadium after American sports magnate Shad Khan withdrew his offer amid opposition.
Khan, who owns the NFL’s Jacksonville Jaguars and Premier League soccer club Fulham, had offered £600 million ($790 million; Dh2.9 billion) for the stadium.
The FA Council was due to vote on the sale next week. But Khan says he has “concluded that the outcome of a vote next week would be far from sufficient in expressing the broad support favoured by the FA chairman to sell Wembley Stadium.”