The English Football Association has confirmed it has received an offer worth £800m from Fulham owner, Shahid Khan to buy the Wembley Stadium.

A report on Thursday said top gear discussion for the takeover of the Stadium which cost a stunning £757m to rebuild following the old Wembley’s demolition in 2000.was made at a board meeting on Thursday.

It is understood the approach includes £500m for the stadium and £300m for the FA to keep the Club Wembley debenture and hospitality business.

The Pakistani-American Khan who according to Forbes is worth an estimated $7.2billion also owns National Football League side Jacksonville Jaguars

The takeover will not prevent the English FA from hosting its major matches of FA Cup finals as well as being the home ground for the England national team.

The FA offices will still remain at the Wembley site and continuously serve as the administrative headquarters of the game in England.

FA Chief executive Martin Glenn believes the extra funds will revolutionise the lowest levels of the game in a way that would otherwise be impossible.

An FA spokesman said: “We can confirm the FA Board has received an offer for Wembley from Shahid Khan.”

The sales of the Stadium according to the FA will not have any negative impact on the 2020 European Championship as the Wembley was already scheduled to host seven games including both semi-finals and the final.