Fulham owner Shahid Khan has withdrawn his offer to buy Wembley Stadium from the Football Association.
The proposed deal was worth £900million and the FA intended to spend the windfall on transforming grassroots facilities across the country over the next 20 years.
But the idea of selling the stadium, which cost £757million to build, has always been controversial with many in the game and Shahid Khan, who also owns Jacksonville Jaguars, has now given up trying to win them over.
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In a statement, FA chief executive Martin Glenn said: “Shahid Khan has informed us today that he will be withdrawing his offer to buy the stadium – and we fully respect his decision.
“Mr Khan believed 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.”