Wembley stadium close to sale to a US billionaire for £600 million

Getty
Images

• The board of the FA will vote on plans to sell Wembley
  to US billionaire Shahid Khan on Thursday, the FT
  reports.
• If approved, Khan will pay £600 million ($790.4
  million) for the stadium.
• Khan has been in talks to acquire the stadium from the
  FA since April.

England’s Football Association will hold a board vote on Thursday
to decide whether to sell London’s iconic Wembley Stadium to US
billionaire Shahid Khan,
the Financial Times reported.

If the sale goes through, the home of English soccer, will be
sold to Khan, also known as Shad Khan, for £600
million ($790.4 million), according to the
newspaper. Khan, a Pakistani-American billionaire and
philanthropist, is the owner of the Jacksonville Jaguars of
the National Football League and Fulham F.C. of the English
Premier League.

Khan has been in talks to acquire the stadium from the FA
since April. The terms of the deal must be approved by the FA’s
10-member board at a meeting on Thursday, and a minority are yet
to indicate their support, the FT said, citing people close to
the talks.