>> Wembley Stadium, the iconic home of English soccer, could soon have a new owner from the other side of the Atlantic. US billionaire and owner of the Jacksonville Jaguars, Shahid Khan, is in negotiations to buy the stadium from England's Football Association in a deal that could see England's soccer stars making way for US football players.
Reuters Mitch Phillips reports.>> The main thing that seems to be coming through is that England won't be able to play there in October, November when the NFL is at its height. That seems to be the number one takeaway. It's not kind of a move from Jacksonville, but it's part of establishing themselves as London's club.
And the NFL are really keen to kind of make London a franchise home. We've seen from the huge sell-out crowds and waiting lists for the NFL games it is really getting a good foothold there. And he wants to make sure he's the prime mover for the NFL in London, I would say.
>> Under the deal, reportedly worth $1.4 billion, England international matches and the FA Cup final would still be played at Wembley. And the FA will still be involved in the stadium through the Dlub Wembley hospitality business. The 90,000-seat venue opened in 2007 after being rebuilt at a cost of 757 million pounds.
>> It's located on the site where Geoff Hurst scored this goal to seal England's 1966 World Cup victory. That remains English football's finest hour and could mean the sale has soccer purists up in arms.>> I'm sure there will be plenty of people saying, how are we selling Wembley to an American owner?
Personally, I don't think people will mind that much. The FA will still have a hold in it, England will still play there. Does the man in the street really care whether the profits from this sale or that sale goes to the FA or to an American owner?>> The deal will allow England's soccer governing body to invest more in grassroots football and stage more international games away from the capital, a plan to which it has already committed.