Football

Pakistani-American billionaire Shahid Khan in talks to buy Wembley Stadium

LONDON: Pakistani-American billionaire Shahid Khan, owner of the Jacksonville Jaguars American football team, is in talks to buy the iconic Wembley Stadium, British media reported on Thursday.

England’s Football Association revealed earlier today that they have received an offer to buy Wembley Stadium – the home of the English football team.

The 90,000-seat stadium, which is the largest in the United Kingdom, cost £757m to build and opened in 2007.

The London Evening Standard reported that Shahid Khan, who owns Championship club Fulham and the NFL´s Jacksonville Jaguars, is behind the £500 million ($698 million) bid to buy the national stadium.

“We can confirm that the FA has received an offer to buy Wembley Stadium,” an FA statement read.

Shahid Khan. Photo: Getty Images

According to the Standard, Khan has struck an outline agreement with FA boss Martin Glenn to transfer Wembley to foreign ownership for the first time.

The shock proposal was being put before the full board of the domestic game´s governing body on Thursday.

Wembley, which has a 90,000-capacity, was reopened in 2007 after the FA´s seven-year, £757 million rebuild of the home of English football.

Under the plan, the FA would keep Wembley as the main venue for major matches, including England internationals and the FA Cup Final, but the national football team could play elsewhere in October and November due to clashes with the US National Football League season, The Sun reported.

The flamboyant Khan is a Pakistan-born American billionaire, who made his fortune in the car parts business.

 

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