For years the old Wembley wasn't owned by the FA for much of it's life it was owned by a company. So I don't get why it has to be owned by the FA... but the real scandal is that lots of tax payer money and lottery money went into building the new one. If the FA just pocket the profit that seems wrong but then they should have been tied up as loans with a payback clause.
I thought selling off was seen as a good thing as it brings in foreign money - thus boosting our position. But I do agree that too many companies end up in foreign ownership which means the profits go off shore and that doesn't seem sensible.