LONDON – Pakistani-American billionaire Shahid Khan, who also owns Fulham F.C British football team, has withdrawn his offer to buy London’s Wembley Stadium, England’s governing Football Association announced Wednesday.
The FA, Wembley’s current owners, had come under fire from many within English football for their plans to sell Wembley despite Khan offering to buy the stadium for $8000 million.
And while senior FA figures were happy for the sale to go through that lack of support from the wider game appeared crucial to the decision of Khan, who had planned to base the Jacksonville Jaguars, his NFL franchise at Wembley, to pull out.
https://en.dailypakistan.com.pk/pakistan/pakistani-american-billionaire-shahid-khan-makes-800-million-bid-for-wembley-stadium/
Earlier this year, Shahid had offered to buy the iconic Wembley Stadium at a whopping $ 800 million.
Wembley Stadium is the home of the English football team and has a capacity of 90,000. Britain won its only World Cup in an earlier stadium on the site in 1966.
Who is Shahid Khan?
Shahid Khan had travelled from Pakistan in 1967, where he was born to a teacher and a father who sold surveying equipment.
He sold radios and charged his friends to borrow his comic books, however, he saw a lady luck smiling on his face after his arrival in the US where he stepped into the automotive industry and made huge sums of money.
He rose to prominence on the international foray after he purchased an NFL team at $770m, in 2012 becoming the first ethnic minority to achieve the feat.
His net worth as of October 2018 was approximately over $7 billion.
