FA receives £800m offer to sell Wembley

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

POST TAGS

ABOUT: Nana Kwesi Coomson

[email protected]

An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.

View all posts by: Nana Kwesi Coomson