England's FA in negotiations to sell Wembley Stadium to U.S. billionaire

FILE PHOTO: Soccer Football - Carabao Cup Final - Arsenal vs Manchester City - Wembley Stadium, London, Britain - February 25, 2018 General view outside the stadium before the match Action Images via Reuters/Peter Cziborra

LONDON (Reuters) - England's Football Association is in negotiations to sell Wembley Stadium, the home of the national soccer team, to U.S. billionaire Shahid Khan, owner of the Jacksonville Jaguars.

A spokesman for the FA confirmed on Thursday it had received an offer to buy the stadium and British media said the deal could be worth up to 1 billion pounds.