Wembley Stadium, Going...

The famous Wembley stadium England may be sold soon to a new owner as Fulham's billionaire owner Shahid Khan has initiated a deal to buy the iconic structure from the Football Association in the next 12 weeks.

Khan, who also owns NFL side Jacksonville Jaguars, has made an offer of £900m for the stadium which the English FA may not reject.

The new owner plans to pay £600m for the stadium and the FA will continue to run the £300m-valued Club Wembley hospitality business.

Shahid Khan, who has owned Championship side Fulham since 2013, said England games would remain at Wembley and he would retain the stadium's name.

On the other hand, the FA be able  to make a major investment into football at grassroots level.

Pakistan-born Khan has a current net worth of $7.2bn (£5.2bn) and is the 217th richest person in the world, according to the 2018 Forbes rich list.

Under the arrangement the FA will retain the right, the revenue, a most positive part of Wembley for the FA.

The 67-year-old added that the deal would make lead to "more meaningful discussions" over a permanent NFL franchise in London. Wembley has been hosting NFL games each autumn since 2007.

Premier League club Tottenham Hotspur have a deal with the NFL to stage a minimum of two games a season over 10 years once they have moved into their new stadium.