The sale of Wembley Stadium is off after billionaire Shahid Khan withdrew his offer of £600m. The Fulham and Jacksonville Jaguars owner said that a lack of support from members within English football was the main reason for his offer being withdrawn.
A vote was set to take place next week, where a 127-member FA Council would vote for or against the 100% privatisation of Wembley. In a statement Mr. Khan said that his decision to pull the plug was influenced when it became clear only a slim council majority could be achieved
Mr. Khan saw Wembley as a possible home for the Jaguars one day as well as freeing up funds that could be used to help improve community and grassroots football throughout England.
Read more about Shahid Khan’s initial offer to buy Wembley here.