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Pakistani-American has Shied Khan offers £900m to shop for Wembley construction from soccer Association

Written by johnbright445

The soccer Association has received a suggestion thought to be price £900m from Pakistani-American have shied Khan to shop for Wembley construction, and a deal might be completed in eight weeks’ time.

Khan has owned London-based football club Fulham since 2013 and NFL franchise Jacksonville Jaguars in 2011, who are contracted to play their home games at New Wembley until 2020 in an attempt to spearhead NFL links in the English capital.

Shahid Khan – the world’s 217th richest person with a net worth of £5.2bn – is understood to be offering to pay £600m for the stadium while the Football Association would continue to run the Club Wembley hospitality business currently located within the ground.

It is being reported that if the FA were to sell the national stadium to Khan, it would allow the governing body to make a major investment into grassroots football which would make a ground-breaking change to coaches, coach educators, 4G pitches and facilities.

The two parties discussed a potential deal on Thursday, where Khan put forward his proposition’s selling points: “I trust many if not most of you are also supporters of the England national teams, so I hope you welcome the potential of this becoming a reality.

“We would strive to be the best possible steward for a venue that is iconic. Wembley would return to private ownership and the Football Association would be able to focus on its core mission of developing players.”

Despite the prospect of an injection of new funding, the FA still owes £113m to public bodies like Media and Sport, the Department of Culture and Sport England, according to the latest financial results.

Those bodies, including London Development Agency, helped pay for the £757m construction of Wembley Stadium ahead of its opening in 2007 and the FA announced in January that they would finish paying the costs by 2025.

Khan’s enjoyed a fantastic year with both Fulham, who are heavily challenging for promotion to the Premier League this season, and Jacksonville Jaguars who reached the AFC Championship game.

Speaking to BBC Sport on his ambitions with Wembley, he said: “This offer makes a lot of sense for us. When I say us, I’m talking about the Jaguars, NFL, Wembley, and I think it also makes a lot of sense for the FA and the English football team.

“I’m pretty confident – that’s why we’re putting our name, our reputation on the line to get it done. “I think they have to understand the value and the attraction for myself, he added.

The buyer has also squashed one of the major concerns by stating that the England national team will continue to play their matches in the 90,000-capacity stadium.

“We’ll leave the tradition and the stadium itself. Even though this is a new stadium, it does need upgrades.

“It means a lot to me because the first English stadium I went to was Wembley, and obviously it’s iconic and historic and it means a lot to me.

“Under this arrangement the FA retains the right, the revenue, and that is really the most positive part of Wembley for the FA. So, they will be retaining it and obviously we want it to be there.”

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