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29th January 2023

PHOTO: Shahid Khan withdraws interest on Wembley

PHOTO: Shahid Khan withdraws his interest on Wembley buy
PHOTO: Shahid Khan withdraws his interest on Wembley buy

The Wembley Stadium will no longer be sold, as Shahid Khan who had earlier indicated interest on the English Football National Stadium, announced he was withdrawing from the deal he had earlier offered  £600millon for.

According to report, the English FA were to take a crucial decision on whether or not to sell the ground to Fulham owner on October 24th, but not all members of the FA Council were on board on the plan sale, which could have given the FA funds to promote grassroots facilities across the country in the next two decades.

Khan’s decision to pull the deal was due to the fact that he felt, the FA were not being truthful with him, and seems not interested in selling.

The English FA Chief Executive Martin Glenn while responding to the matter on  Wednesday, said:

Earlier this year, The FA received an unsolicited official offer from Shahid Khan to buy Wembley Stadium. 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.
He stated further saying:
“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 the world and it will continue to thrive under the ownership and direction of the FA.”

On his own part, Khan released a statement, which reads:

“I’ve been clear publicly, as well as in my correspondence with the FA Council, that it would require a proper partnership, with the full and enthusiastic commitment of all involved, to maximize the benefits to the FA and game of football by way of 100 per cent private ownership of Wembley Stadium.

“At this moment, following last week’s FA Council hearing, it appears there is no definitive mandate to sell Wembley and my current proposal, subsequently, would earn the backing of only a slim majority of the FA Council, well short of the conclusive margin that the FA Chairman has required.

“The intent of my efforts was, and is, to do right by everyone in a manner that strengthens the English game and brings people together, not divides them” The statement reads.

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