Pakistani billionaire in talks to buy famous Wembley Stadium

The Football Association has announced it has received an offer from Pakistani-American billionaire Shahid Khan to buy famous Wembley stadium.

Khan is understood to have offered around £500m to purchase the national stadium and under the deal the FA would retain the rights to Club Wembley, its debenture and hospitality business, understood to be worth around £300m.

NFL executive vice-president Mark Waller said having stadium options in London has been "critical to the NFL".

His statement added: "The potential purchase of Wembley Stadium is a further powerful sign of their commitment to the UK and their vision to help us grow the sport.

Wembley has the capacity of 90,000 and it is the largest in the United Kingdom. It cost around £757m to build and opened in 2007.

Tottenham have played their home Premier League games at Wembley this season while work on their new stadium takes place.

Spurs also have a deal with the NFL to stage a minimum of two games a season over 10 years once the new stadium is complete.