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Fulham FC owner Shahid Khan (who also owns the Jacksonville Jaguars NFL team) has been in negotiations with the Football Association since April regarding the potential purchase of Wembley Stadium, and although the terms of the sale were agreed with the FA last month, after “much deliberation” from both sides, Khan has since withdrawn his £600 million offer for the site.
In a statement relating to the development, chief executive of the FA, Martin Glenn explained that, “Mr Khan believed that his offer to buy Wembley Stadium would release funds to help improve community football facilities in England and that it would be well received by all football stakeholders… At a recent meeting with Mr Khan he expressed to us that, without stronger support from within the game, his offer is being seen as more divisive than it was anticipated to be and has decided to withdraw his proposal.”
This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.