On this day in 2018: Shahid Khan withdraws £900m offer to buy Wembley from FA

By Sports Desk October 17, 2023

American billionaire Shahid Khan withdrew his offer to buy Wembley Stadium from the Football Association on this day in 2018.

The proposed deal was worth £900million and the FA was planning to spend the money on transforming grassroots facilities across the country over the next 20 years but the idea of selling the stadium, which cost £757million to build, proved to be controversial with many in the game.

The owner of Fulham and NFL side the Jacksonville Jaguars felt his offer to buy Wembley proved more divisive than initially anticipated and decided to pull out.

In a statement, FA chief executive Martin Glenn said: “Shahid Khan has informed us today that he will be withdrawing his offer to buy the stadium – and we fully respect his decision.

“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.”

The proposed deal had the support of the FA’s senior leadership, including Glenn himself, and was also backed by the government but there were significant doubts elsewhere, most notably at the grassroots level itself.

Khan’s intention was to eventually use Wembley as a home for his relocated Jaguars but was also willing to agree on several highly restrictive conditions on how he would run the national stadium, one of them being to keep the venue for all of English football’s biggest games.

However, wider concerns about whether the FA was selling the family silver too cheaply, its ability to spend the money wisely and Khan’s long-term plans for the stadium all led to the downfall of the sale.

In a statement, Khan, 68, said: “I’ve been clear publicly as well as in my correspondence with the FA Council that it would require a proper partnership, with the full and enthusiastic commitment of all involved, to maximise the benefits to the FA and game of football.

“At this moment, following last week’s FA Council hearing, 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, well short of the conclusive margin that the FA chairman has required.

“The intent of my efforts was, and is, to do right by everyone in a manner that strengthens the English game and brings people together, not divide them.

“Unfortunately, given where we are today, I’ve concluded that the outcome of a vote next week would be far from sufficient in expressing the broad support favoured by the FA chairman to sell Wembley Stadium.

“I am respectfully withdrawing my offer to purchase Wembley Stadium.”

Related items

  • Howe bemoans 'strange decisions' from Newcastle in West Ham defeat Howe bemoans 'strange decisions' from Newcastle in West Ham defeat

    Eddie Howe bemoaned some "strange decisions" and individual errors as Newcastle United lost 2-0 against West Ham at St James' Park.

    Newcastle's three-match winning run in all competitions was halted as goals from Tomas Soucek and Aaron Wan-Bissaka earned West Ham victory in Monday's Premier League clash.

    Soucek's 10th-minute opener came via a free header from a corner, while Wan-Bissaka had space inside the box to get a shot away for his goal early in the second half.

    At the other end, Alexander Isak failed to find the target from any of his six shots, including one Opta-defined big opportunity at 1-0 down.

    Reflecting on the defeat, Howe told Sky Sports: "It was a mixed night for us. In the first 60 minutes, although we were 2-0 down, we played some good football. 

    "But I was disappointed by the two goals we conceded and the last half-hour was really disappointing. We got our organisation wrong and made a couple of individual errors. 

    "If you leave a player with Tomas Soucek's aerial ability unmarked, you are going to pay the price. It's something we have to learn from.

    "I was always confident we were in the game and there was a very good chance we could come back. But we missed some gilt-edged chances in the first half. 

    "I didn't feel we really got going in the second half. We made some strange decisions. I didn't like the end part of the game."

    Newcastle have now lost two of their past three Premier League home games, as many losses as in their previous 20 outings at St James' Park.

    The Magpies tasted defeat against West Ham in the Premier League for only the second time in 11 outings and dropped one place to 10th in the table, four points adrift of the top four.

    "It's a really difficult one to take," Newcastle defender Lewis Hall told BBC Sport. "It was a massive game for us. We'd have been two points off second if we won.

    "It was a frustrating game for us. We had a lot of the ball. When you are on top, you have to find a way to put the ball in the net, which we didn't do today."

    Newcastle have failed to find the net in three of their past six league games and have just 13 goals for the season – only Everton, Crystal Palace (both 10) and Southampton (nine) have fewer.

    "We know we can score goals," Hall added. "This season, we've defended better than we've attacked. But last season, we attacked better than we defended.

    "It's about doing both. My message to the fans is to stick with us. Everyone works so hard throughout the week."

  • Tottenham goalkeeper Vicario sidelined with broken ankle Tottenham goalkeeper Vicario sidelined with broken ankle

    Tottenham goalkeeper Guglielmo Vicario is set for a spell on the sidelines after fracturing his right ankle, the club have confirmed.

    Vicario produced a couple of excellent saves to keep out Manchester City on Saturday, as Ange Postecoglou's Spurs claimed a stunning 4-0 victory over the champions at the Etihad Stadium.

    However, the Italian needed treatment during the first half after colliding with Savinho, and it has now been revealed he played the final hour of the match with an ankle break.

    The former Atalanta shot-stopper wrote on social media: "Sometimes football gives you its highs, and sometimes it challenges you in ways you don't expect.

    "I played 60 minutes at the Etihad with a broken bone in my ankle, giving absolutely everything I had for the team.

    "Unfortunately there was no way around this one. I needed surgery. I'm disappointed I won't be able to help the team for a while."

    Tottenham did not put a timescale on Vicario's recovery in a statement of their own, saying: "We can confirm that Guglielmo Vicario has undergone surgery for a fracture of his right ankle. 

    "Guglielmo will be assessed by our medical staff to determine when he can return to training. We're all behind you, Vic."

  • Bowen: Victory at Newcastle 'a really big turning point' for West Ham Bowen: Victory at Newcastle 'a really big turning point' for West Ham

    Jarrod Bowen praised the manner of West Ham's victory at Newcastle United and believes it will act as "a really big turning point" in his side's campaign.

    West Ham won 2-0 at St James' Park in Monday's Premier League contest thanks to goals from Tomas Soucek and Aaron Wan-Bissaka.

    The victory is just the Hammers' fourth in 12 league matches under Julen Lopetegui, who has seen his job as head coach called into question early in his tenure.

    Bowen, who assisted Wan-Bissaka's goal, believes things are now starting to turn for his side after a slow start to the campaign.

    Asked by Sky Sports if it could be a big win for Lopetegui, Bowen replied: "I think it is for everyone associated with the club. We've been disappointed with our start. 

    "We have to take responsibility and do our work. We haven't done that to a high enough ability this year. It was a real big moment and this is a really big turning point in our season.

    "[Lopetegui] has come in with different ideas and playing from the back but also mixing it up as well.

    "That's up to us to adapt too, and he has come in with fresh good ideas, especially for us attacking players. We are getting there."

    Bowen overtook Paolo Di Canio with his 79th Premier League goal involvement for West Ham and is now behind only Michail Antonio (101) and Mark Noble (82).

    Wan-Bissaka's strike early in the second half added to Soucek's 10th-minute opener, with that his fourth Premier League goal against Newcastle – against no team does he have a better record.

    West Ham remain 14th in the league but are now just three points off the top-half places, with a home match against Arsenal next up on Saturday.

    Lopetegui, who replaced David Moyes ahead of the 2024-25 campaign, was pleased with the win but believes there is more to come from his side.

    "We are happy. I think that we played well," he told Sky Sports. "We played with one identity and we were able to overcome a very good team. 

    "They started well and it is always good to have more confidence. They had two chances and I think in the second half we did well and deserved to win.

    "I am happy for the players, for the team and for the fans. They will have to drive a lot of miles so we are happy for them. We look forward to the next challenge. We are happy but we have a lot of work to do.

    "We have to build as a team if we are to work and know what we want to do. I think about their play. That is the thing that we try to do. 

    "We have a lot of matches that we need to do and I believe in the future this team is going to be able to show the style as a team. 

    "The players believe and they are able to put in the focus every day. Each match is one incredible challenge in the Premier League."

© 2024 SportsMaxTV All Rights Reserved.