US tycoon drops bid to buy Wembley

The

English Football Association has dropped its plans to sell Wembley Stadium after American sports magnate Shad Khan withdrew his offer amid opposition.

Khan, who owns the NFL’s Jacksonville Jaguars and Premier League club Fulham, had offered £600 million (Dh2.9 billion) for the stadium. The FA Council was due to vote on the sale next week. But Khan says he has “concluded that the outcome of a vote next week would be far from sufficient in expressing the broad support favoured by the FA chairman to sell Wembley Stadium.” (AP)