AFC Wimbledon owner of Kingsmeadow
Ground purchase and debt
Upon their foundation in 2002, AFC Wimbledon entered into a ground–sharing arrangement with Kingstonian to play home fixtures at Kingsmeadow in the neighbouring borough of Kingston upon Thames.
After Kingstonian entered administration to avoid bankruptcy and lost the Kingsmeadow lease in October 2001. It was assigned in April 2002 by the administrators to a property developer, Rajesh Khosla, who was also by then owner of the club.
After an SGM, it was felt by the AFC Wimbledon board of directors that securing ownership of Kingsmeadow would safeguard the ground for the future of both clubs. In March 2003 the Dons Trust members voted to purchase part of the lease for Kingsmeadow and in June 2003 the contract for buying the lease to the stadium was agreed with Rajesh Khosla; £3 million needed to be raised.
AFC Wimbledon were already sub-tenants at Kingsmeadow, before raising £2.4 million to buy the lease from Khosla in June 2003, with a view to making Kingsmeadow their home. Kingstonian secured a 25-year sub-tenancy agreement with AFC Wimbledon, with customary break clauses. The clubs operated a ground-sharing arrangement, with Kingstonian receiving preferentially cheap rental terms.