NFL owner bids for London's Wembley

LONDON - The Football Association has received an offer to buy iconic Wembley Stadium in a shock move that increases the chances of an NFL team taking up permanent residence in London.

Shahid Khan, who owns London soccer club Fulham and the NFL's Jacksonville Jaguars, is behind the 500 million-pound ($698-million) bid to buy the national stadium and he hopes to complete his purchase within three months.

According to London's Evening Standard newspaper, Khan has struck an outline agreement with FA boss Martin Glenn to transfer Wembley to foreign ownership for the first time.