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Wembley: Shahid Khan withdraws bid to buy FA National Stadium



The FA owns Wembley since 1999 after buying it from Wembley plc, a private company that previously owned the stadium

Fulham owner Shahid Khan has withdrawn his bid to buy Wembley Stadium from the Football Association.

Khan had £ 600 million for the National Stadium, with the FA retaining the Club Wembley hospitality rights, which he estimated at £ 250 million to £ 300 million.

"We respect his decision," said FA CEO Martin Glenn

Khan It is not excluded that another offer will be made in the future if the members of the FA Council receive more support and he is the "national treasure "respected.

The FA has stated that it will invest the proceeds of the sale in improving basic grass football facilities. [245] Leaders met last week to present a presentation to the FA Council on why they supported the sale to Khan, and the 1

27 council members were due to vote on the planned sale on October 24.

A leading FA source told the BBC Sport t The board felt that the odds were slightly against the buy as some councilors objected to the sale of English football.

FA boss Glenn said Khan believed his bid would be "well received by all football stakeholders".

And Glenn added, "At a recent meeting with Mr. Khan, he has told us that his offer, without much support within the game, is perceived as more divisive than expected and has decided to withdraw his proposal

" The Wembley Stadium is a cult place that is worshiped all over the world and will live on under the guidance and guidance of the FA. "

Khan said he wanted to" do everything right in a way that strengthens the English game and brings people together, do not divide it. "

He added:" Unfortunately, where we are today, I have come to the conclusion that the outcome of a vote next week will be far from sufficient support from the Chairman of the FA for the sale of Wembley Stadium [19659003] "Until the time when it's clear that the FA wants to sign a deal, I respectfully withdraw my offer to buy the Wembley Stadium."

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