Jaguars Owner Shad Khan has withdrawn his offer to buy Wembley Stadium according to reports from the English Football Association.
"Unfortunately, given where we are today, I've concluded that the outcome of a vote next week would be far from sufficient in expressing the broad support favored by the FA Chairman to sell Wembley Stadium," Khan said in a statement. "Until a time when it is evident there is an unmistakable directive from the FA to explore and close a sale, I am respectfully withdrawing my offer to purchase Wembley Stadium."
Khan also owns the Fullham F.C in addition to being the Jaguars owner. FA Chief Executive Martin Glenn released a statement:
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. Wembley Stadium is an iconic venue that is revered around world and it will continue to thrive under the ownership and direction of The FA."
The offer was for 650 Million pounds ($790 Million).