Football Association reportedly agrees deal to sell Wembley Stadium to Fulham owner Shahid Khan but ‘buy-back clause will be included
The organisation can reportedly buy back the national stadium if it loses its elite status by UEFA
The Football Association has reportedly agreed a deal in principle to sell Wembley Stadium for £600million - but it will include a buy-back clause if the ground is not up to scratch.
American billionaire Shahid Khan wants to take control at the national stadium as he looks to boost his chances of establishing an NFL franchise in the UK.
And Khan, who is the owner of NFL side Jacksonville Jaguars and Premier League club Fulham, appears to be a step closer to achieving his dream, with the claiming the FA have settled on a deal in principle to complete the sale.
This comes just one day before a crunch vote of the FA board at Wembley which could ratify the terms of the agreement.
The ten-man group will meet tomorrow where chief executive Martin Glenn and chairman Greg Clarke will present the proposals in full, however, the sale will only go through if the board gives a unanimous vote in favour of the motion.
Negotiations have been happening over the past six months when Khan made an offer to buy Wembley, with the promise of a further £300m in future revenues.
The FA was roundly criticised for even entertaining the idea.
However, the organisation insist it is the ideal way to raise funds to invest in grass roots facilities across the country.
This has not stopped the FA from driving a hard bargain to ensure the future of football at Wembley is protected with Khan looking to utilise the venue for his Jacksonville Jaguars franchise.
And it is understood that the FA will secure the rights to buy back Wembley for just £100m if it is stripped of its elite status by UEFA.
The Government have also kept a close eye on things, with demands that the name of the stadium can never be sold off in a commercial sponsorship deal.
There has also been a demand to stage matches such as the FA Cup final will always be staged at the ground in future years.
Some England matches will be played there but the FA are also keen to take the national team on the road for matches to ensure supporters across the country get the chance to watch the Three Lions in action.
Those games are likely to be played over the autumn, when Khan hopes to ensure Wembley is clear to host regular season NFL matches.
