Friday, 28 September 2018

Wembley stadium sale to Shahid Khan on course after FA board gives backing

• Proposed deal with Fulham owner moves step closer
• Board agrees to put matter to FA council in October

The Football Association board has approved in principle the sale of Wembley stadium for £600m to the Fulham and Jacksonville Jaguars owner, Shahid Khan. The proposal, with protection for England, FA Cup and other prestige football matches to be played there, preservation of its name without a sponsor and reassurances that the proceeds will be spent on grassroots facilities, will next be presented to the FA council on 11 October.

An FA spokesperson said: “The sale of Wembley stadium, the negotiated protections and an outlined plan to invest £600m into football community facilities, were presented and discussed at the FA board meeting today. Following on from this discussion, the FA board has agreed to take the presentation to the FA council to get its input now that the full facts are known.”

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from Football | The Guardian https://ift.tt/2Ofsabu

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