Chelsea take steps to buy Kingsmeadow stadium
The owner of AFC Wimbledon, the Dons Trust, has exchanged contracts with Chelsea FC for the sale of the League One club’s Kingsmeadow stadium in southwest London.
Chelsea want the facility to serve as the home of their youth and ladies’ teams, although the transaction will not be finalised until a number of conditions are met.
Among them, the Dons Trust must secure planning consent for a new home. The organisation is proposing to redevelop the Plough Lane greyhound stadium in Wimbledon, although the plans were delayed in March after authorities in Wandsworth opposed the scheme.
A new consultation is due to take place, with a decision expected later this year.
AFC Wimledon’s new ground, if approved, will have enough space for 20k fans. Funds raised through the sale of Kingsmeadow will be used to bring the plans to fruition.
According to a BBC report, ACF Wimbledon chief exec Erik Samuelson said of the deal: “The proceeds of this deal are an essential part of the financing of the new stadium.
“The vision of a return to Merton, with all the community benefits it also brings, is now becoming very real.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning London email for free.
It's time to confront the digital poverty crisis
Why a business exit is no longer all or nothing
Culture is the foundation for sustainable growth
Business must help young people take root in work
Purposeful procurement for long-term growth
Time to rethink outdated views on apprenticeships
The scale-ups rocketing through our fast world
Care about the experience, not just the outcome
The rise of an alternative investor model
Bots don't beat personal business coaching
From COVID-19 to the Middle East crisis
How to build credibility in B2B marketing