Jacksonville Jaguars' owner Shad Khan withdraws offer to buy Wembley Stadium

Jacksonville Jaguars' owner Shad Khan made the announcement Wednesday morning that he has withdrawn his offer to purchase the Wembley Stadium in London.

In a statement sent to Action News Jax, Khan says that the intent of his effort was to do right by everyone in a manner than strengthened the English game and brings people together, not divides them.

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"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. 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 said.

Action Sports Jax Brent Martineau said Khan's statement does not rule out trying to purchase the stadium at a later time.

Here is the full statement from Jaguars owner Shad Khan: 

The intent of my efforts was, and is, to do right by everyone in a manner that strengthens the English game and brings people together, not divides them. 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. 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.

I cannot rule out revisiting the opportunity at another time when perhaps the Football Association family is unified in its views on the opportunity. What is certain is seeing a proposal of this magnitude come to fruition would necessitate an extraordinary partnership, one capable of doing remarkable things for all of our respective constituents well into the future. That would require the partners getting off to a strong and promising start, and with opinions clearly split, that is not possible at this time.

The journey was not without its rewards, as I have strengthened standing relationships while making new friends along the way. Wembley Stadium is indeed a national treasure, one I would care for and respect for generations. I recognize the passion many people have for Wembley and what it means to English football, and will be willing to re-engage with the FA on this matter under proper circumstances. In the meantime, I thank the FA for its consideration and as it continues to deliberate the potential of private ownership of Wembley Stadium, I trust it will own and operate Wembley in a manner that will provide exceptional service to players, guests and the development of football in England.

Cox Media Group