Pakistani-American billionaire, Shad Khan, has formally made an offer of £500 million to the English Football Association (FA) for the purchase of the famous Wembley Stadium.
Khan, 67, who owns National Football League (NFL) side Jacksonville Jaguars and English Championship side Fulham FC made this revelation in a couple of media statements today.
The Championship side, currently in the hunt for promotion to the English Premier League (EPL), that play at the small capacity Craven Cottage will seek to solidify their stay in the EPL, if achieved, by increasing their streams of income — with Wembley being a viable source of extra revenue.
In 2012, Jacksonville Jaguars won a bid involving all 32 NFL teams to play one game per season at the Wembley Stadium but Khan wants a permanent move to England.
The official Twitter handle of the NFL congratulated the Florida based side at the breaking of the news in a tweet which reads: “We are very happy for Shad Khan and the Jacksonville Jaguars.”
A message from Khan on the Fulham FC website confirmed the bid to the FA. “It was revealed today that I have made an offer to purchase Wembley Stadium from The Football Association. To everyone in the Fulham Family, I wanted you to be among the first to hear the news, directly from me,” he wrote.
He went on to talk about the significance of the deal on the Jaguars: ”The Jaguars have played regular season home games at Wembley Stadium in each of the past five NFL seasons and will continue to do so at least through the 2020 season,” he added.
Khan addressed the concerns of English football fans regarding the home of the national teams when he stated that Wembley will remain the home of the teams, with the deal enabling the FA focus solely on football development matters.
“I trust many if not most of you are also supporters of the England national teams, so I hope you welcome the potential of this becoming a reality. Always know Wembley would be home to the England national teams, and that we would strive every day of the year to be the best possible steward for a venue that is iconic and beloved here and throughout the world,” he stated. ”
“As important, Wembley Stadium would return to private ownership and The Football Association would be able to focus on its core mission of developing players with the best player developers and facilities anywhere in the game, thanks in part to the vast financial benefit that would result from the transaction,” he added