Billionaire Shahid Khan, who also owns Premier League football club Fulham, made a £600m offer to the Football Association (FA) to purchase the stadium, and a decision on that offer is expected to be reached by the end of the year.

According to reports, terms of the sale stipulate Khan would not be allowed to rename the stadium until 2057 and must agree to other measures to ensure Wembley remains the “home of English football.”

The reports on a ban on gambling sponsors is most likely due to the FA and its stance on betting sponsorships.

Last year, the FA cut ties with operator Ladbrokes, after deciding it was not an appropriate betting partner, following the high-profile case involving former player Joey Barton, who was banned from the sport for several betting offences.

Khan will also require government approval if he wishes to sell the stadium on.

Khan also owns the Jacksonville Jaguars NFL team and is hopeful that with the purchase of Wembley, the Jaguars could play more games in London.

However, sale conditions also stipulate that he would not be allowed to display any Jaguars branding inside the venue on a permanent basis.

Last month, FA Chief Executive Martin Glenn said the governing body behind the decision was “still some way off whether we’ve got a commercial deal that works.

“Anyone buying the stadium can’t change the name, and has to keep it to certain quality, has to keep the grass pitch. We’re selling an asset with real restrictions.”

The FA declined to comment when contacted by Gambling Insider.