$800 million sale of Wembley moves to next stage

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American businessman Shahid Khan has moved a step closer to owning Wembley Stadium.

The current owner of the Jacksonville Jaguars and Fulham Football Club made an offer of close to $800 million to buy the home of world soccer from the English Football Association and the latter have been discussing the bid.

On Thursday the English FA revealed that talks were held about how to spend the money the sale of Wembley would provide and that discussions have moved onto the next stage.

“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.”

Khan then released a statement saying that his potential purchase of Wembley would have “no effect on my plans to renovate Craven Cottage and, as such, has no impact on Craven Cottage continuing to be the permanent home of Fulham Football Club.”

He also added that he will continue “toward reaching an agreement that will serve English football for generations to come” as his plans are moved onto the next level with the English FA.

The FA Council will now meet to Oct. 11 in what is seen as the crunch meeting in deciding whether or not the bid will be accepted.

In theory the bid could have been rejected by the FA Board but the fact that they will now present to the council suggests it is being taken seriously.

The main talking point about the stadium being sold is that it would provide a huge cash injection for the FA to use on building the grassroots game in England and improving facilities for young players.

It is believed that the English national team will still play their home games at Wembley, but the fact that they have played recent internationals in Leeds and Leicester suggests they could move around the country with certain games in the years to come.