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FA in talks to sell Wembley Stadium for £800 million

Fulham FC owner Shahid Khan has made an offer to buy Wembley Stadium from the FA for £800 million.

Khan, who also owns the Jacksonville Jaguars NFL team, is understood to have offered £500 million for the stadium, while the FA would keep the Club Wembley debenture and hospitality businesses, worth around £300 million.

The FA has been discussing the offer to buy the iconic stadium at a meeting today.

Khan said in a statement:

One of the many benefits of the Jaguars’ commitment to London has been our partnership with the FA and Wembley Stadium. 

Over the past several years, it became clearer to us and the FA that the idea of our purchase of Wembley Stadium made a lot of sense for all of us.

For the FA, it would mean Wembley Stadium returning to private ownership, permitting the FA to direct its full attention to its mandate to develop talent and serve the game with the vast resources it would realise from the sale. 

He said for the Jaguars, it would deliver another – and very significant – asset and local revenue source that would further strengthen the franchise’s investment in London. He added:

In every respect, the Jaguars’ standing in London would be improved and dramatically enhanced if we are fortunate to be approved as the new owner and steward of Wembley Stadium, and that’s good news for the Jaguars and all of Jacksonville.

If you’ve had the occasion to join us for one of our Jaguars home games in London, you know that Wembley Stadium is a very special place. 

Our commitment to the FA is we will own and operate Wembley with the care and respect it deserves, always being mindful that it is – and will continue to be – the home of England’s national teams as well as the ultimate destination for the world’s top entertainment and sports event, including Jaguars and NFL games. 

@PanStadiaArena