The grandiose plans for Jaguars owner Shad Khan to not only buy one of Europe’s iconic sports venues, but potentially bring North America’s biggest game/event, the Superbowl, to London, has a problem, currently.
He may not be allowed to do so.
And it’s not a lack of money. It’s a condition in Wembley Stadium’s deal regarding selling it that is apparently standing in the way.
This, by the way, is why we wrote in our original story previously, that Khan had only bid to buy Wembley, home to the biggest events in England. And that bidding, and actually securing purchase, are two different things.
In a story they broke Thursday night London time and how now updated mid-morning in the U.K., the London Daily Mail reports,
“The FA are facing a major stumbling block in their plans to sell Wembley, as it has emerged they agreed to Government ‘protections’ which sought to prevent the sale of the stadium for the next 40 years.”
The Daily Mail goes on to write that, because over 161 million in British pounds of public money was used in the renovation and new construction on the stadium in the middle of the 2000’s, per the agreement, the stadium cannot be sold until 50 years after completion (2007) or 2057.
Khan released a statement last Thursday publicizing his bid saying that the purchase of Wembley, where his team has played a home game the last five years, and still has multi years to do go on a deal with the NFL. Interestingly, Khan characterized the bid as crucial “for the financial stability of the Jaguars.”
He also told the BBC Sunday that he would envision bringing a Superbowl to Wembley, if he could secure ownership. That’s seems to us to be a large leap.
The Daily Mail says that Khan is aware of the conditions in the sale, which is a virtual “given” in a mega millions deal like this. This is because, like the purchase of the Jaguars, Khan has a team of people and so too, does the FA, and the Wembley Stadium executives, who would have met and gone over all conditions, leases, terms, etc., repeatedly.
Will this keep him from being able to purchase the stadium? No one knows that for now.
And the American saying is “money talks.”
And, Khan has a net worth of over $5 Billion, right now.
News1 week ago
Report- Former USF coach Leavitt out as Oregon DC, FSU next?
News3 days ago
Was Spring AAF league on verge of folding?
Jacksonville Jaguars4 days ago
Jaguars make contract moves Monday afternoon
Florida State Seminoles7 days ago
FSU offensive line coach Greg Frey dismissed Friday morning
Florida State Seminoles6 days ago
Florida State already has line coach targeted
Florida Gators5 days ago
Tim Tebow on lure of AAF Spring league: “Coach Spurrier keeps calling”
Tampa Bay Buccaneers3 days ago
Bucs sign veteran RB Andre Ellington
Miami Hurricanes6 days ago
Former Canes star- Bengals RB Mark Walton arrested in Miami