- FA is about to sell Wembley for £600 million according to reports in England
- The billionaire is attempting to boost his hopes of establishing an NFL franchise in UK
- The terms of agreement could be ratified on Thursday, September 27
The Football Association in England has agreed a deal in principle to sell Wembley stadium for £600 million (N287 billion).
According to Financial Times report on Wednesday morning, the FA is about to sell Wembley to the Fulham owner Shahid Khan.
As previously reported, Shahid Khan wants to take control at the national stadium in a bid to boost his hopes of establishing an NFL franchise in Britain. The crunch vote of the FA board at Wembley could ratify the terms of the agreement in Thursday, September 27.
The ten-man group under the direction of chief executive Martin Glenn and chairman Greg Clarke will meet tomorrow where they will present the proposals in full. But it is important to note the sale will go through only in case of the board gives an unanimous vote in favour.
If the board chooses to support the idea of Wembley sale, the proposal will be presented to the 127-member FA Council next month for approval.
Shahid Khan is a Pakistani-American billionaire, the owner of Jacksonville Jaguars (NFL) and Fulham (EPL). He has a net worth of over £6 billion and is currently the 158th wealthiest person in the world according to Forbes.
Previously, Legit.ng had reported that Roman Abramovich demands £3billion to sell Chelsea and the Blues have been linked with Britain’s richest man Sir Jim Ratcliffe.
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