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FA secures €100m Wembley buyback rights

By Mark Kleinman, City editor
The FA could reacquire Wembley Stadium for as little as ?100m if its prospective new owner fails to maintain its elite status, it has emerged, hours before a ?600m takeover bid could be derailed.
Sky News has learnt that the €100m buyback clause, which would be triggered if Wembley was downgraded as a host venue by UEFA, European football's governing body, is part of a wide-ranging agreement struck between the Football Association and Shahid Khan, owner of the Jacksonville Jaguars American football team.
The buyback clause is aimed at helping to persuade sceptics on the FA's board about the merits of a sale, with a full FA board meeting scheduled to take place on Thursday.Senior insiders are sceptical that the amateur game's board representatives will agree to the sale, which would see hundreds of millions of pounds spent on grassroots football facilities across England.
FA secures €100m Wembley buyback rights

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Shahid Khan's sports ownership interests include the NFL's Jacksonville Jaguars and Fulham FC
The potential deal has divided some of the sport's key stakeholders, with traditionalists decrying the possibility of a sale; others have welcomed the gigantic windfall which could emerge in the wake of England's best World Cup performance since 1966.Mr Khan is understood to have agreed to a series of concessions aimed at winning support for his purchase of the world's most iconic sporting arena.The Financial Times reported on Thursday that the outline terms of a deal also included a profit-share arrangement if Mr Khan sold Wembley on for a profit.However, the deal would not include a windfall for the FA from any uplift in the value of Mr Khan's NFL franchise, which is said to have been discussed at an earlier stage of the negotiations.
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