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Fulham owner withdraws offer to purchase Wembley Stadium

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Wembley Stadium is set to stay in the FA’s hands.

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The FA announced in a press release Wednesday that Fulham owner Shahid Khan had withdrawn his offer of $790 million to purchase Wembley Stadium. Khan first became interested in buying the stadium in February 2017, when he and FA CEO Martin Glenn met at the Superbowl. What followed was an informal offer to the FA Board of Directors before a formal offer was made.

The offer has been valued at anywhere from nearly $800 million to nearly $1.2 billion. In a statement, Khan said that his goal to purchase the stadium was to provide the FA with a large amount of capital which it could use to improve grassroots soccer around the country.

“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 divides them,” Khan said. “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 favored by the FA chairman to sell Wembley Stadium.”

The FA council was set to vote on the sale next week.

Although it cost the FA and British government more than $1.4 billion (adjusted for inflation) to renovate and rebuild Wembley Stadium, the arena hosted 33 events between July 2016 and June 2017 and in its latest published financial records, the FA recorded an after-tax profit of $21 million. So it seems that along with the sponsorships and broadcast deals, Wembley Stadium is a money maker, which makes it important for the FA to hold on to.

That being said, it’s hard to turn down a deal worth close to $1 billion, even if that’s a lump sum and they won’t receive further investments from stadium revenues in the future. In the future, maybe Khan or another owner may make another offer, one that the FA council could accept.

Oxlade-Chamberlain back in Liverpool training

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Alex Oxlade-Chamberlain is back in Liverpool training, nine months after a horrible injury cost him the chance to appear in the UEFA Champions League Final.

Initially ruled out for the duration of the 2018-19 season following an ACL year, “The Ox” is giving the Reds a boost in Dubai.

[ MORE: Latest on Emiliano Sala ]

The 25-year-old Oxlade-Chamberlain posted five goals and seven assists in his first season at Liverpool.

Oxlade-Chamberlain has 32 England caps and 283 senior appearances between Southampton, Arsenal, and Liverpool. He left the Gunners in part because of a desire to play a more central role in the midfield.

Oxlade-Chamberlain detailed his recovery late last year. There’s yet to be discussion of when he might be fit to return to match play, but Liverpool will be careful with its industrious playmaker.

Montreal owner Saputo hands presidency duties to Gilmore

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Montreal Impact owner Joey Saputo is giving the reigns of his club to a new president.

Saputo announced Tuesday that he’s handing over presidency duties to Kevin Gilmore, the former chief operating officer of the NHL’s Montreal Canadiens.

[ MORE: Latest on Emiliano Sala ]

The Saputo family founded the Impact in 1992, and Joey Saputo shepherded the club into Major League Soccer.

The Impact is coached by Remi Garde, the former Aston Villa boss, and has Designated Players in Ignacio Piatti and Saphir Taidir. The Bleu-blanc-noir just started training camp.

Cardiff “very distressed,” “praying for positive news” regarding Sala

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Cardiff City executive director Ken Choo has released a statement on the missing flight from France to Wales which carried new signing Emiliano Sala.

Crews in Wales continue to search for the plane, which disappeared from radar late Monday night.

Fans have flocked to Cardiff City Stadium and Nantes town square to lay flowers in hopes of a miraculous recovery for Sala and his pilot.

From Cardiff City’s official site:

“We were very shocked upon hearing the news that the plane had gone missing. We expected Emiliano to arrive last night into Cardiff and today was due to be his first day with the team.

“Our owner, Tan Sri Vincent Tan, and chairman, Mehmet Dalman, are all very distressed about the situation.

“We made the decision first thing this morning to call off training with the thoughts of the squad, management staff and the entire Club with Emiliano and the pilot.

“All of us at Cardiff City FC would like to thank our fans, and the entire footballing family for their support at this difficult time.

“We continue to pray for positive news.”

Ronaldo pleads guilty to tax fraud at Madrid court

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MADRID (AP) Cristiano Ronaldo has pleaded guilty to tax fraud and received a two-year suspended sentence.

The Juventus forward, who was facing charges stemming from his days at Real Madrid, was in court for about 45 minutes and signed an agreement which will cost him nearly 19 million euros ($21.6 million) in fines.

[ MORE: Latest on Emiliano Sala ]

Ronaldo arrived at court in a black van and was wearing a black sports coat and black pants. He walked up some stairs leading to the court house and even stopped to sign an autograph.

Ronaldo made the deal to plead guilty with Spain’s state prosecutor and tax authorities last year.

In Spain, a judge can suspend sentences for two years or less for first-time offenders.

In 2017, a state prosecutor accused Ronaldo of four counts of tax fraud from 2011-14 worth 14.7 million euros ($16.7 million). Ronaldo was accused of having used shell companies outside Spain to hide income made from image rights.

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