Wednesday 26 September 2018

English FA finalise deal to sell Wembley stadium

The Football Association has agreed to sell Wembley to Shahid Khan the owner of Fulham and Jacksonville Jaguars for £600m. The Pakistani-American businessman has been in talks to buy the national stadium since April, and an outline deal has now been agreed.
The proposal will now have to be approved by The FA's 10-member board at a meeting on Thursday. If the board backs Khan's purchase, the deal will be presented to a meeting of The FA's 127-member council at a meeting next month.

If Khan does buy Wembley, England's home international fixtures will still be played at the ground, as will cup and play-off finals. The deal would not affect Craven Cottage's status as Fulham's home ground, nor would it prevent the club's plans to develop their stadium and training ground from going ahead. 

If the sale does happen, the FA will keep their headquarters at Wembley - rent free - and also keep the Club Wembley hospitality business.

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