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