Jaguars owner Shad Khan looks to buy Wembley Stadium

Wembley Stadium could soon be under new ownership with Shahid Khan keen to purchase

The sale would pave the way for Khan's Jacksonville Jaguars to effectively move to London and play all their home matches at Wembley.

Shortly after the news was announced Thursday, Khan issued a statement saying, "We would strive every day of the year to be the best possible steward for a venue that is iconic".

Wembley, which has a 90,000-capacity, was reopened in 2007 after the FA's seven-year, £757 million rebuild of the home of English football.

The FA said in January it would finish paying for the ground by the end of 2024.

The FA board has a huge decision to make now.

The big victor from any deal, it is also believed, will be grassroots football which would be on track to secure a £500m boost from the proceeds.

As for the England teams?

Tottenham have used Wembley as their temporary home this term but decided not to take up an option to renew the arrangement for another 12 months.

What about other showpiece games and events at the national stadium? The recent FA Cup semi-finals followed on successive days, which has always been considered the norm - as has allowing the likes of Lincoln and Shrewsbury to go head-to-head on the Hallowed turf in the final of the much-maligned Checkatrade Trophy which saw a crowd of 41,261 head to Wembley. In short, are we about to witness Wembley's status as the national stadium erode?

Khan purchased the Jaguars in 2011 and under his stewardship, they have regularly travelled to the United Kingdom to play National Football League matches in-front of a British audience. Wembley is a special place, beloved in London and known throughout the world.

"We therefore ask Shahid Khan to ensure that any potential impact of his bid for Wembley in relation to Fulham is discussed with the Trust as we will fulfil our role representing Fulham fans and articulating their concerns as they arise". That increases the prospect of an National Football League franchise in London.

The Jaguars play one "home" game each season in London, an agreement that extends through the 2020 season and began in 2013.

A spokesman for the FA confirmed Thursday an offer had been tabled to purchase the stadium, with reports suggesting the deal could be worth somewhere between £800 million and £1 billion pounds ($1.1 and $1.4 billion). Khan insisted that it actually strengthens the team's standing in Jacksonville.

Khan's son, Tony, has been vice chairman and director of football operations at Fulham since February 2017, having previously advised on football operations.

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