Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

AFC Wimbledon and Chelsea agree on deal for the sale of Kingsmeadow stadium

Wed 8th Jun 2016 | Football Stadiums & Facilities

The Dons Trust, the owner of AFC Wimbledon, has announced that contracts have been exchanged for the sale of Kingsmeadow stadium to Chelsea FC.

This is an important next step in the club’s plans to move to a new stadium in Wimbledon. The funds raised by the sale of Kingsmeadow represent a significant contribution towards the cost of the new stadium.  

Although contracts have been exchanged, the deal will not become final until a number of conditions have been met, including obtaining final planning permission for the stadium in Plough Lane, and the transfer of the land on which the stadium will be built. 

Erik Samuelson, Chief Executive of AFC Wimbledon, said: “This is a major milestone for us.  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.” 

As previously announced, the club is making a substantial donation to Kingstonian, which will help them to secure their future at another ground in or around Kingston.  

Kingstonian Joint Chairman Malcolm Winwright said: “This is more positive news for all concerned in the process of AFC Wimbledon returning to Merton.  We continue to enjoy a full and open relationship with Erik and his board, together with David Growns and other members of the Dons Trust Board, who continue to assist us on a number of fronts.” 

Kevin Davis, the leader of Kingston Council, welcomed the news and he said: “For 14 years Kingston has been the home of AFC Wimbledon and whilst it is always sad to say 'goodbye' we understand the emotional lure of returning to Plough Lane. 

“Now we must turn to the future of Kingsmeadow with Chelsea as well as find a new home for Kingstonian. The Council has been working with Kingstonian to help to secure a sustainable future in this borough and the substantial contribution from Wimbledon will be of significant help in doing so.”

Image: Action Images / John Sibley

Posted by: Kev Howland 

Tripleplay 468 banner V2 (468x60_Animated_v2.gif)
RETURN TO LATEST NEWS SECTION
SUBSCRIBE TO THE FCBUSINESS RSS FEED
 
If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

In Focus: SISGrass Shows Its Strength

Mon 10th Apr 2017 | Football Stadiums & Facilities

From Russia 2018 World Cup venues to Derby County, 2016 was the year to remember for SISGrass. fcbusiness speaks to Phil Blackwell, UK Project Director for the Cumbria based company about their...

AFC Fylde Lay Foundations For New Education Centre

Thu 6th Apr 2017 | Football Stadiums & Facilities

AFC Fylde’s Community Foundation has revealed further details about its new £400,000 Education Centre, which is due to open at the £25m Mill Farm Sports Village later this year....

Wembley Stadium: Experiencing Club Wembley

Fri 31st Mar 2017 | Football Stadiums & Facilities

Wembley Stadium is one of the most famous football grounds anywhere in the world. The new stadium opened in 2007, and as this was our first visit, we wanted to do it in style with some hospitality....

Sweden Gets First Taste of SISGrass

Tue 28th Mar 2017 | Football Stadiums & Facilities

Sweden has had its first taste of the revolutionary SISGrass hybrid system following the turfing of the Gamla Ullevi football stadium in Gothenburg. Premier Pitches removed the pitch and SIS installed...