Shad Khan wrapping up Wembley deal

The Football Association has reportedly agreed terms to sell Wembley to Shad Khan as English football's governing body prepares to vote on the future of the national stadium.

Sportsmail reported in April, Khan, the billionaire owner of Fulham and the NFL's Jacksonville Jaguars, tabled a formal offer for the home of English football.

He made the FA an £800million offer - more than £500m in cash, as well as allowing the FA to keep the Club Wembley debenture and hospitality business that is valued at a further £300m. 

According to reports, the FA have driven a hard bargain to ensure the future of the national stadium as a top sporting venue is ensured. 

This includes an agreement that the FA have the right to buy back Wembley for just £100m if it is stripped of elite status by UEFA.

It is also reported that the terms of the deal mean Wembley cannot be renamed as part of any sponsorship deal, and the FA will be able to veto any sponsor of which they do not approve.

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