The Football Association confirmed that the Fulham owner had taken his bid off the table, but he could return in the future with a new offer
Wembley Stadium will not be sold after Fulham and Jacksonville Jaguars owner Shahid Khan withdrew his offer to buy the venue.
The Football Association (FA) was in the process of considering a £600 million ($788m) bid for England's national stadium, with their council members set to vote on the proposal.
However, it was confirmed on Wednesday that Khan had taken his offer off the table.
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"Earlier this year, the FA received an unsolicited official offer from Shahid Khan to buy Wembley Stadium," FA chief executive Martin Glenn said in a statement.