Shad Khan Withdraws Bid to Buy Wembley Stadium
Jacksonville Jaguars owner Shad Khan is shutting down his efforts to buy Wembley Stadium.
Khan and the Football Association announced Wednesday that the Jacksonville Jaguars owner has withdrawn his unsolicited offer to purchase the London stadium.
"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," Khan said in a statement. "Until a time when it is evident there is an unmistakable directive from the FA to explore and close a sale, I am respectfully withdrawing my offer to purchase Wembley Stadium."
Khan, who is principal owner of Fulham F.C. as well as the Jags, proposed purchasing the stadium earlier this year, an effort he argued would free up funds to allow the FA to allocate elsewhere.