English football chiefs are considering a shock move to sell Wembley Stadium to Fulhams American owner.
Billionaire Shahid Khan, who also owns NFL franchise the Jacksonville Jaguars, is believed to have tabled a £500m in cash for the national stadium plus a cut of future revenue valued at £300m.
A spokesperson for the Football Association said: “We can confirm that The FA has received an offer to buy Wembley Stadium.”
Read more: Jacksonville Jaguars: "We view ourselves as London's team"
NFL executive vice-president Mark Waller said: “We are very happy for Shad Khan and the Jacksonville Jaguars. The potential purchase of Wembley Stadium is a further powerful sign of their commitment to the UK and their vision to help us grow the sport.
“Having stadium options in London has always been critical to the NFL and, in tandem with our 10-year partnership with Tottenham Hotspur, this new relationship would allow for even greater flexibility in scheduling future NFL games in London.”
FA board members were expected to discuss the proposal today.
The deal promises to allow Wembley to recoup their outlay on a lengthy rebuild that cost close to £800m and was completed in 2007.
Under the terms of the offer, it is believed that the FA would retain revenue from corporate hospitality amounting to £30m-£40m per year.
The sale would pave the way for Khans Jacksonville Jaguars to effectively move to London and play all their home matches at Wembley.
They currently one per year at the stadium, while the NFL explored the feasibility of transplanting one of its franchises to Europe.
Wembley would still host the FA Cup final, a number of other key domestic football matches, and most England home fixtures.
But the national football team would be likely to have to play elsewhere from September to December, when the NFL season runs.
The FA still owes around £140m on the Wembley revamp, while Sport England, the Department for Culture, Media and Sport, and the Greater London Authority could all be due a cut of the sale, having contributed to the stadiums redevelopment.
Read more: London's unofficial NFL team keen to build base in Wembley
English football chiefs are considering a shock move to sell Wembley Stadium to Fulhams American owner.
Billionaire Shahid Khan, who also owns NFL franchise the Jacksonville Jaguars, is believed to have tabled a £500m in cash for the national stadium plus a cut of future revenue valued at £300m.
A spokesperson for the Football Association said: “We can confirm that The FA has received an offer to buy Wembley Stadium.”
Read more: Jacksonville Jaguars: "We view ourselves as London's team"
NFL executive vice-president Mark Waller said: “We are very happy for Shad Khan and the Jacksonville Jaguars. The potential purchase of Wembley Stadium is a further powerful sign of their commitment to the UK and their vision to help us grow the sport.
“Having stadium options in London has always been critical to the NFL and, in tandem with our 10-year partnership with Tottenham Hotspur, this new relationship would allow for even greater flexibility in scheduling future NFL games in London.”
FA board members were expected to discuss the proposal today.
The deal promises to allow Wembley to recoup their outlay on a lengthy rebuild that cost close to £800m and was completed in 2007.
Under the terms of the offer, it is believed that the FA would retain revenue from corporate hospitality amounting to £30m-£40m per year.
The sale would pave the way for Khans Jacksonville Jaguars to effectively move to London and play all their home matches at Wembley.
They currently one per year at the stadium, while the NFL explored the feasibility of transplanting one of its franchises to Europe.
Wembley would still host the FA Cup final, a number of other key domestic football matches, and most England home fixtures.
But the national football team would be likely to have to play elsewhere from September to December, when the NFL season runs.
The FA still owes around £140m on the Wembley revamp, while Sport England, the Department for Culture, Media and Sport, and the Greater London Authority could all be due a cut of the sale, having contributed to the stadiums redevelopment.
Read more: London's unofficial NFL team keen to build base in Wembley
