AFC Croydon Athletic, a football club in which Stormzy has invested in, are at risk of losing their stadium as the Council put it up for sale in an attempt to pay off their debts.
The Mayfield Stadium, located in Thornton Heath, is one of 32 locations that appear on a list of Tranche 2 properties to be sold by the council, valued at 24.6 million.
The club were not notified that the stadium was listed before it caught media attention.
Paul Smith, Vice Chairman of AFC Croydon Athletic, told EastLondonLines: “We were first alerted by Inside Croydon but have since spoken to the council. Their intention was to notify us first but that didn’t happen.”
“Our focus has been to make sure our lease provides us with maximum security moving forward. Discussions have taken place between the club’s owners and the council and they seem positive.
Since 2021, Croydon Council have sold £72.9 million pounds of assets in an attempt to pay off their 1.2 billion pounds debts.
Tranche 1 properties were released in 2021, valued at £91 million. There is still £51.66 million worth of Tranche 1 property currently under offer.
The council has a target of £50 million for 2024 sales, with a further £50 million target in 2025. So far this year, they have only made £0.82 million in sales.
AFC Croydon Athletic, who currently play in the Combined Counties League Premier Division South, were invested in by rapper Stormzy this summer, as well as former Crystal Palace forward Wilfried Zaha and Chairman Danny Young.
The team play all of their home games at The Mayfield Stadium and have done since 2014.
Further sports venues also appear on the list, including two tennis clubs and five golf courses.
Smith said: “We’re one of a number of places on that list and I’m sure others will be feeling far more uncertain about their future and that’s something we’re also mindful of. Any chance introduces a level of uncertainty but we’re confident we can secure our future.
The Mayfield Stadium is listed as “To be sold, with lease to current tenant in place.” If sold, the hope is that they should be able to acquire new landlords and carry on as before.
Smith finished: “Our focus now is winning against Horley Town on Saturday!”