Home Business NewsBusiness Shahid Khan withdraws Wembley Stadium offer

Shahid Khan withdraws Wembley Stadium offer

by Purvai Dua
17th Oct 18 2:51 pm

Days after making a bid of £600m for the Wembley Stadium, Fulham owner Shahid Khan has now withdrawn the offer. TheFootball Association (FA) was poised to sell the national stadium to Khan in a £900m deal.

“Earlier this year, The FA received an unsolicited official offer from Shahid Khan to buy Wembley Stadium,” FA chief executive Martin Glenn confirmed the development, adding: “It was a very credible offer and was given very serious consideration.

“Shahid Khan has informed us today that he will be withdrawing his offer to buy the stadium – and we fully respect his decision.

“Mr Khan believed that his offer to buy Wembley Stadium would release funds to help improve community football facilities in England and that it would be well received by all football stakeholders.

“At a recent meeting with Mr Khan he expressed to us that, without stronger support from within the game, his offer is being seen as more divisive than it was anticipated to be and has decided to withdraw his proposal. Wembley Stadium is an iconic venue that is revered around world and it will continue to thrive under the ownership and direction of The FA.

“There has been much deliberation on both sides of this debate and it has undoubtedly raised awareness of the issue that community football facilities in England need significant investment… We will continue to work together to identify new and innovative ways of investing in community football facilities in the future.”

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