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U.S. tycoon in £600m swoop for Wembley stadium

Tottenham struck a 10-year deal with NFL to host at least two games a year at their new home

England's Football Association is in negotiations to sell Wembley Stadium, the home of its national football team, to U.S. billionaire Shahid Khan, owner of the Jacksonville Jaguars American football team, in a deal worth up to £1bn (€1.1bn).

A spokesperson for London Mayor Sadiq Khan told Sky Sports News that, after the day's developments he would be seeking assurances that our national stadium would remain a world-class multi-sport venue that continues to be the home of England football, host the FA Cup final, other domestic cup finals and play-offs, as well as other major sporting events. Most of their worldwide games would still be played at the feted venue, but games falling throughout the NFL's autumn season would be played elsewhere.

THE Football Association has received an offer to sell Wembley Stadium.

"During his time as Chairman of Fulham to date, Shahid Khan has reiterated his understanding of and appreciation for the importance of Craven Cottage, it's heritage and identity to the character of Fulham Football Club".

Local MP and shadow worldwide trade secretary Barry Gardiner was equally hostile to the bid: "Let's not see our National Football Stadium traded away in a backroom deal".

"It [the purchase of Wembley] would deliver another -- and very significant -- asset and local revenue source that would further strengthen our investment in London, which as everyone knows is crucial to the Jaguars' continued sustainability in Jacksonville".

Mark Waller, the NFL's executive vice-president of events and global, said: 'We are very happy for Shad Khan and the Jacksonville Jaguars.

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Khan's offer is reported to be put before the full FA board on Thursday, while an outline agreement between the Jaguars owner and FA chief executive Martin Glenn is said to already be in place.

The new Wembley stadium was opened in 2007 at a cost of nearly £800 million, with the FA receiving £161 million of taxpayers' money for the project.

So far, it's understood that the businessman has tabled an upfront offer of £500m for the stadium, which was completed in 2007 and designed by Populous and Foster + Partners.

The Jaguars have played regular season home games at Wembley Stadium in each of the past five National Football League seasons and will continue to do so at least through the 2020 season.

He added: "And the stronger the Jaguars are in London, the more stable and promising the Jaguars' future will be in Jacksonville".

Wembley stadium now is the home of Tottenham and there are concerns the new deal would affect them, but National Football League said the potential purchase would not affect the deal they have in place with the Spurs to stage National Football League games at their new ground.

It so happens that Wembley is located in a part of London with a huge Indian-origin population.

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