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England's FA in talks to sell Wembley Stadium to US billionaire

© Adrian Dennis, AFP | In this file photo taken on February 10, 2018, a general view is pictured during the English Premier League football match between Tottenham Hotspur and Arsenal at Wembley Stadium in London.

Text by FRANCE 24

Latest update : 2018-04-26

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

It is understood the approach includes £500m for the stadium and £350m for the Football Association (FA) to keep the Club Wembley unsecured loans and hospitality business.

Under the plan, the FA would keep Wembley as the main venue for major matches, including England internationals and the FA Cup Final, but the national football team could play elsewhere in October and November due to clashes with the US National Football League season, British newspaper The Sun said.

A spokesman for the FA said: “We can confirm that the FA has received an offer to buy Wembley Stadium.”

(FRANCE 24 with REUTERS)

Date created : 2018-04-26

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