Shad Khan drops bid to buy Wembley Stadium amid opposition

American sports magnate, who also owns Fulham, had reportedly placed a £600m bid

Last updated:
1 MIN READ

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.”

Sign up for the Daily Briefing

Get the latest news and updates straight to your inbox

Up Next