The English Football Association is set to sell off England’s national stadium for a staggering amount of £800 million to billionaire owner of Fulham and Jacksonville Jaguars who wants to bring his NFL franchise to UK.
Shahid Khan is the man who has made an £800 million bid for Wembley Stadium, and it is perhaps typical of the 67-year-old who has enjoyed a rapid rise throughout his life on the way to becoming a highly successful businessman and, of course, a billionaire.
The iconic site – where England games have been played since 1920s – could be handed to Shahid Khan, the billionaire owner of American football ‘franchise’ the Jacksonville Jaguars.
The Football Association says the huge windfall could be pumped into grassroots football, but many fans are uneasy at the thought of the national stadium being privately owned and potentially renamed.
Plans for the sale have also sparked a scramble to reclaim the £40million taxpayers’ money pumped into the development of the stadium and the £120million National Lottery funding.
It is thought the English national football team may have to play home matches at other stadiums around the country while the NFL season is underway.
Khan, who is worth an estimated £5.2billion, is prepared to pay more than £500 million in cash and allow the FA to keep its hospitality business Club Wembley that is valued at a further £300 million.
However, in a statement released through Fulham, Mr Khan insisted Wembley would remain ‘home to the England national teams’.
He said: ‘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.