FA receives bid to buy Wembley Stadium

Wembley Stadium, the subject of a £500 million bid

Wembley Stadium, the subject of a £500 million bid

Thursday, April 26, 2018

The Football Association has announced it has received an offer to buy Wembley.

The London Evening Standard reported on Thursday (April 26) that Fulham FC owner Shahid Khan had offered £500 million to buy the national stadium, which opened in 2007 and has an official capacity of 90,000.

Khan, who also owns the Jacksonville Jaguars NFL team, stressed in a statement on Fulham’s website that Wembley would remain "home to the England national teams" and that Fulham would keep playing at Craven Cottage.

"Wembley Stadium would return to private ownership and the Football Association would be able to focus on its core mission of developing players with the best player developers and facilities anywhere in the game, thanks in part to the vast financial benefit that would result from the transaction," he said.

The NFL released a statement which read: "We are very happy for Shad Khan and the Jacksonville Jaguars.

"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.

"Having stadium options in London has always been critical to the NFL and, in tandem with our 10-year partnership with Tottenham Hotspur, this new relationship would allow for even greater flexibility in scheduling future NFL games in London."

The Evening Standard reported the offer was being put before the full FA board on today (Thursday), and that an outline agreement between Khan and FA chief executive Martin Glenn is already in place.

It also reports that the money raised would be ring-fenced for investment in grass-roots programmes.

The FA said in a statement: "We can confirm that the FA has received an offer to buy Wembley Stadium."