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."
|Butler: 76ers need time to gel|
|South Africa lose 28-9 in Windies defeat|
|Delph impressed by ´special´ Sancho|
|Bolt may give up on football career despite ´a lot of offers´|
|We´re better than Dortmund – Wagner urges Bayern to respond|
|Raptors fans give former coach Casey standing ovation in return|
|Martinez hails Hazard leadership|
|Muller going through ´difficult´ period, says Low|
|Betances wants Yankees to sign Machado|
|Rays´ Snell, Mets´ deGrom win Cy Young Awards|
|Dinwiddie to debut Stan Lee-inspired shoes against Heat|
|Iberostar Tenerife and Segafredo Virtus Bologna stay perfect in BCL|
|Rooney wanted to finish career at Manchester United|
|Red Sox give manager Cora contract extension through at least 2021|
|WATCH: Ronnie O´Sullivan hits blue with calamitous break-off shot|
|Matuidi: Mbappe has a great personality, like Ronaldo, Messi and Zlatan|
|Cilic beats Isner to hand Djokovic semi-final spot|
|Mendy undergoes knee surgery|
|Warriors´ Curry will not play during three-game road trip|
|Ramos refuses to retaliate after Lovren jibe|
|Qatar pull off shock win over Switzerland|
|Tuilagi could make England return against Australia|
|Rooney has earned England reward - Sarachan|
|Croatia thrashing means nothing now – Luis Enrique|
|Chelsea and Everton among Arnautovic suitors, claims agent|
|TJ Watt hopes to win NFL sacks race with brother JJ|
|Modric defends Ramos after Lovren comments|
|Southgate hails ´outstanding´ Delph as he talks up England strength in depth|
|No war with Manchester United over Fellaini, insists Martinez|
|Rooney to wear number 10 shirt against USA and receive armband from Delph|
|I don´t feel pressure of Liverpool expectations, claims Klopp|
|Steelers´ Roethlisberger texted Bell but ´didn’t hear back´|
|Reus and Kroos to sit out Germany´s clash with Russia|
|Van Dijk happy to recommend De Ligt if Liverpool ask|
|Sauber announce launch of junior programme|
|No ´breathtaking tennis´ in Djokovic´s win against Zverev|
|Curran: England spinners will be key in Kandy|
|Djokovic charges past Zverev to move closer to ATP Finals progression|
|Messi is a football alien - Malcom|
|Sky´s the limit for Sancho, says Dortmund team-mate Pulisic|
|Radwanska retires from tennis at 29|
|Maybe one day - Pulisic open to Premier League move|
|Suso ´proud´ of Real Madrid speculation but happy at AC Milan|
|Betis president convinced Lo Celso will stay|
|Injured Holder out of Bangladesh tour|
|Germany face relegation, final spots up for grabs - Nations League state of play|
|James Rodriguez out for several weeks with knee injury|
|Curran´s brilliant fifty rescues England´s innings|
|Lenglet: No problem with Dembele at Barca|
|Townsend rings the changes for Springboks clash|
|Claudio Ranieri´s managerial career in Opta numbers|
|Mahmudullah´s first century in eight years boosts Bangladesh|
|Fellaini gets the chop ahead of 31st birthday|
|Maradona: Solari will not last at Real Madrid|
|Molinari: Race to Dubai success would not surpass Ryder Cup glory with Fleetwood|
|Dortmund star Sancho was a Bayern target, confirms Salihamidzic|
|Gerrard enjoying ´buzz´ of management|
|Hamilton questions approach to Formula One expansion|
|Ranieri honoured to lead ´exceptional´ Fulham squad|
|Solari saw Isco out of shape - Ceballos|
|Ranieri replaces Jokanovic at Fulham|
|Durant keeps details of Green spat ´in-house´ but envisages resolution|
|Rooney: Kane and Sterling are England superstars|
|Messi will make Argentina return, says Maradona|
|Warriors drop Hawks as Green serves suspension|
|In-form Healy sends Australia into semis|
|Former NBA star McGrady says Carmelo Anthony should retire|
|Celtics´ Smart: We have to look at ourselves in the mirror|
|Federer plays down preferential treatment talk|
|Mourinho is better than Guardiola – Maradona|