Wembley sale KO! Shahid Khan sensationally withdraws £600m bid to buy national stadium after backlash over how FA will spend cash
Jack Bezants for MailOnline
Shahid Khan has withdrawn his £600million offer to buy Wembley, The FA have announced.
In a statement on the FA’s website, chief executive Martin Glenn said that Fulham owner Khan has pulled out of talks because his offer was ‘seen as more divisive than it was anticipated.
Khan believed he would not received the full support of the FA council next week, which would vote on proposals.
Shahid Khan has withdrawn his £600million offer to buy Wembley, the FA have announced
Khan’s offer to take over the national stadium was met with outcry from corners of the game
Glenn explained: ‘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.
‘Mr Khan believed that his offer to buy Wembley would release funds to help improve community football facilities in England and that it would be well received by all football stakeholders.
Fulham owner Khan said his offer was considered more divisive than he was anticipating
‘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.’
Khan said: ‘‘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.’
Sportsmail reported last week that The FA will have a £72m bill for upgrades to pay for if the sale was to fall through.