Wembley deal off as Shahid Khan withdraws £600m bid to buy national stadium
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
énergie group
Competitive
Caspian Wharf, Bow, London, UK
énergie fitness
Competitive
Warrington, UK
Nuneaton & Bedworth Borough Council
£25,991 - £27,041
Nuneaton, UK
star job
Leeds City Council
£35,745 - £38,890
Leeds, UK
Trinity School
£10.85 per hour
Shirley Park, Croydon

Wembley deal off as Shahid Khan withdraws £600m bid to buy national stadium

Job opportunities
Surge Padel
Up to 20k basic + OTE
location: Harrogate, UK
Leeds City Council
£35,745 - £38,890
location: Leeds, UK
Aston University
£20,130 to £22,417 per annum (pro-rata)
location: Aston University Main Campus, Birmingham, United Kingdom
more jobs

US billionaire Shahid Khan has withdrawn his bid to buy Wembley, English football's national stadium.

Khan, the owner of Fulham Football Club and the Jacksonville Jaguars NFL franchise, made an offer of around £600m (US$828m, €685.6m) for the stadium in April.

The deal would have resulted in Khan taking control of the venue, but would have left the English Football Association (FA) – Wembley's current owner – in charge of the Club Wembley hospitality business.

While the plans to sell Wembley were supported by some members of the FA board – who saw it as a way for the national governing body to be able to focus on its core mission of developing players and improve grassroots – it caused division at all levels of the sport.

Some former players called the plans "a disgrace", while many grassroots football stakeholders demanded to see clear plans of how the £600m would be used to benefit the development of the sport.

FA chief executive Martin Glenn said the plans to sell Wembley had proven to be "more divisive than expected".

"The offer from Shahid Khan to buy Wembley Stadium was a very credible one and was given very serious consideration," Glenn said.

"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.

"Wembley Stadium is an iconic venue that is revered around world and it will continue to thrive under the ownership and direction of The FA."

Glenn said that while the plans to sell Wembley have now been buried, they had a positive impact of highlighting the need to improve grassroots facilities.

"This debate (over the sale) has undoubtedly raised awareness of the issue that community football facilities in England need significant investment," he added.

"We will continue to work together to identify new and innovative ways of investing in community football facilities in the future."

Sign up for FREE ezines & magazines
US billionaire Shahid Khan has withdrawn his bid to buy Wembley, English football's national stadium.
SAR,PRO,PHR
THUMB29483_928884.jpg

More News

1 - 15 of 43,386
30 Jul 2021
Industry body ukactive has joined the chorus of organisations across a number of sectors calling the government's new National Disability Strategy a "missed opportunity". While ... More
30 Jul 2021
German fitness operator BestFit Group has acquired regional gym chain EuroFit for an undisclosed sum. The deal will see BestFit add all five EuroFit clubs ... More
29 Jul 2021
The Jorvik Group has launched a major global art project which will connect 14 cities around the world. Working in partnership with the York Guild ... More
29 Jul 2021
The US fitness industry lost around 58 per cent of its revenues during 2020, due to the pandemic and the subsequent lockdowns and club closures. ... More
28 Jul 2021
Speaking exclusive to HCM, Ralph Scholz and Nathalie Smeeman have confirmed that B2B trade show FitnessConnected will go ahead this year as a face-to-face event. ... More
27 Jul 2021
The Pingdemic of people receiving notifications on their phones, telling them to self-isolate because of contact with COVID-19 cases, is threatening to create staff shortages ... More
Les Mills
Les Mills
27 Jul 2021
Xponential Fitness has completed its initial public offering (IPO), becoming the second major franchised operator – after F45 Training – to go public this month. ... More
27 Jul 2021
The Gym Group has extended its partnership with digital fitness platform Fiit, becoming the first budget gym operator to offer its members a hybrid club-in-club ... More
26 Jul 2021
The world's largest fitness trade fair, FIBO, has been rescheduled again and will now take place from 7 - 10 April 2022, marking a return ... More
23 Jul 2021
Rainer Schaller, founder of budget gym megabrand McFIT, says that the global fitness industry will have to prepare for permanent life with COVID-19 – but ... More
23 Jul 2021
The most high-risk and controversial Olympics of modern times begin today (23 July) in Tokyo, having been delayed for a year due to the COVID-19 ... More
22 Jul 2021
Further research into the levels of positive COVID-19 cases among those to have visited fitness clubs and leisure facilities is currently being developed by EuropeActive. ... More
Miha Bodytec GmbH
Miha Bodytec GmbH
22 Jul 2021
Planning approval has been granted to what is set to become one of the first Passivhaus-certified leisure buildings in the world. The new Spelthorne Leisure ... More
21 Jul 2021
Digital fitness content provider, Wexer, is launching a new wellness resource on its connected Web Player. Called Mind123, it will focus on wellness rather than ... More
21 Jul 2021
Leisure-net has revealed plans to transform its active-net business event from an annual face-to-face gathering into a monthly hybrid event. With a different theme each ... More
Life Fitness (UK) Ltd
Life Fitness (UK) Ltd
1 - 15 of 43,386
Les Mills International
Les Mills International