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 £600million 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.
"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.
"It was a very credible offer and was given very serious consideration.
"Shahid Khan has informed us that he will be withdrawing his offer to buy the stadium - and we fully respect his decision.
"Mr Khan believed that his offer to buy Wembley Stadium would release funds to help improve community football facilities in England and that it would be well received by all football stakeholders.
"At a recent meeting with Mr Khan he expressed to us that, without stronger support from within the game, his offer is being seen as more divisive than it was anticipated to be and has decided to withdraw his proposal.
"Wembley Stadium is an iconic venue that is revered around the world and it will continue to thrive under the ownership and direction of the FA.
"There has been much deliberation on both sides of this debate and it has undoubtedly raised awareness of the issue that community football facilities in England need significant investment.
"We would like to thank the football stakeholders, Government, FA Board and Council members for their collaborative approach throughout this process. We will continue to work together to identify new and innovative ways of investing in community football facilities in the future."
In his own statement, Khan suggested the latest development was not necessarily the end of the matter.
"I cannot rule out revisiting the opportunity at another time when perhaps the Football Association family is unified in its views on the opportunity," he said.
The Jaguars have been playing annual games at Wembley since 2013 and Khan stressed that he remains committed to both their London arrangement and redeveloping the area around TIAA Bank Field in Jacksonville.
"While this is a disappointing development, we will continue to emphasise London and the role the UK plays in ensuring a promising long-term future for the Jaguars in downtown Jacksonville," he added.
"London as the Jaguars' home away from home remains a priority. Downtown Jacksonville with the Jaguars serving as a catalyst in its revitalisation remains a priority."
12. November 2018
|Mendy suffers knee injury, leaves France squad with Lacazette|
|Zverev beats Cilic in error-strewn London battle|
|Rafinha replaces injured Casemiro in Brazil squad|
|´One-dimensional´ Australia batsmen need work before World Cup - Finch|
|Mancini keen to work with ´incredibly gifted´ Tonali|
|Italian manager of the year Allegri targets long Juve stay|
|Injured Lee departs as Wales prepare squad for Tonga|
|Conte content to wait until June for coaching return|
|Etzebeth set to return, Whiteley a doubt for Scotland Test|
|In-form Verstappen does not need distractions from 2019 challenge|
|FA asks Guardiola to explain Manchester derby referee comments|
|LaLiga MVP Messi hopes the division stays wide open|
|Murray and Henshaw out of All Blacks Test|
|Injured Man Utd duo Pogba and Martial drop out of France squad|
|Modric cannot always be the best - Dalic|
|Very troubling times - LeBron James alarmed by gun violence|
|Bayern confirm Ribery ´altercation´ with reporter|
|Madrid hit by injuries to Nacho and Casemiro|
|Record-breaking Mushfiqur torments Zimbabwe|
|Spartak Moscow appoint Oleg Kononov|
|Rooney predicts ´exciting time´ after being named in MLS Best XI|
|Former England call-up Graham replaces Thomson in Scotland squad|
|Slater and Thurston among Queensland greats to join Maroons staff|
|Rapana set for six months out after shoulder surgery|
|Alves determined to play in the Premier League|
|Rockets GM denies Anthony will be waived|
|Monaco´s plight not Henry´s fault - Silva|
|It´s like the FBI came - River assistant unable to talk to Gallardo during final|
|Norman says Washington home crowds ´just don´t really care´|
|Bucks beat Nuggets to finish gruelling schedule stretch|
|Madrid ´very happy´ with Solari, says Butragueno|
|Titans stun Patriots, Browns upset Falcons|
|Browns´ Chubb relishes record-breaking performance: It definitely is very special|
|MLS Review: Red Bulls, Atlanta to meet in conference finals|
|Neymar wants more from perfect PSG|
|Higuain is feeling a lot of pressure – Gattuso|
|I didn´t insult anyone, says apologetic Higuain|
|Allegri delighted with Juventus response|
|Kyle Busch wins at Phoenix as Harvick, Truex qualify for Championship 4|
|WATCH: Highlights of thrilling Boca-River Copa Libertadores final|
|PSG coach Tuchel demands more despite Monaco thrashing|
|Boca missed too many chances, rues Schelotto|
|Solari remains tight-lipped on Real Madrid future|
|Hamilton not surprised by Verstappen-Ocon collision|
11. November 2018
|Ronaldo fires Juventus to Serie A record|
|Higuain did nothing serious - Ronaldo hopes Milan striker avoids ban|
|Solari completes perfect Real Madrid audition with fourth straight win|
|Verstappen ordered to do public service after Ocon scuffle|
|Nishikori stuns out-of-sorts Federer|
|Fitzgerald overtakes Owens in career receiving yards|
|Monaco 0 Paris Saint-Germain 4: Cavani hat-trick adds to Henry woes|
|Celta Vigo 2 Real Madrid 4: Solari leads Los Blancos to fourth straight win|
|AC Milan 0 Juventus 2: Higuain sent off in horror show|
|Brees leapfrogs Favre on all-time list for touchdown passes|
|Kuchar holds on to seal first title since 2014|
|Nuno proud of Wolves display at Arsenal|
|Jones fastest in NFL to reach 10,000 receiving yards|
|WATCH: Verstappen shoves Ocon after Brazilian Grand Prix collision|
|Boca Juniors 2 River Plate 2: Izquierdoz own goal ensures first leg ends level|
|Australia will be a different ball game, warns Rohit|
|We´re not going to be relegated – Mourinho at ease over United being eighth|
|Mahomes breaks Chiefs´ single-season TD record|
|Toronto Wolfpack name McDermott as head coach|
|Guardiola: Manchester City fought fear in derby triumph|
|Sterling should have avoided showboating - Guardiola|
|Ocon: Verstappen wanted to punch me in post-race altercation|
|Emery confirms Welbeck fractured ankle|
|Hamilton secures double for Mercedes as Ocon denies Verstappen|
|City´s 44 passes lead to Gundogan derby goal|
|Pogba injury threw Manchester United, concedes Mourinho|