Shahid Kahn, the Fulham owner who initially planned on buying the Wembley Stadium has withdrawn his offer to buy it. The news has been confirmed by the Football Association.
Shahid Kahn who also owns the NFL team Jacksonville Jaguars offered nearly about 600 million pounds to buy the stadium but now this deal is off.
The voting for the sale of the stadium was due on October 24th by the FA Council and the senior officials were happy to see the deal go through. They were planning to use this money to transform the wholehearted facilities across the country for coming 20 years.
Council believes that the lack of whole hearted support from within the game appears to be the demotivating for the Kahn’s decision.
Kahn did release a statement about withdrawing his offer, “I had made it clear to the FA that I would need a proper partnership to maximize the benefits to the FA and the game itself by gaining 100 percent private ownership of the Wembley Stadium. However, in the last FA council meeting, there was no definitive mandate for selling the stadium and my proposal if went through only would have received a slim majority of FA Council. My effort was to do right by everyone and to strengthen this sport. I was planning on making people come together not dividing them.”
To end the statement he said, “Unfortunately I have concluded that the voting next week would have lesser support from the FA Chairman to sell the Wembley Stadium.”
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