Dulwich Hamlet Football Club has admitted the chances of remaining at its current ground of Champion Hill stadium are slim following its buyout by Hadley Property Group.

The property development firm has cleared the Isthmian League club’s £100,000 outstanding debt and although it has promised the team’s future would continue in East Dulwich, it has kept quiet on any details of potential redevelopment plans for its current 3-000 capacity ground.

“If they’ve got anything planned it tends to be rather confidential,” John Lawrence, a Dulwich Hamlet spokesman, told South London Lines.

“We’ve been encouraged so far.

“Hadley have been very helpful to us, especially in clearing the debts from the limited company, which they’ve taken over.

“But, we’d be very naïve to think they don’t have any planning proposals in mind for the future.

“There’s a fair chance we’ll have to move from the current site, but hopefully it won’t be very far away.”

Lawrence highlighted a particular site 100 yards from the club’s current ground that “has potential for a football stadium” and claimed the team “wouldn’t be unhappy” to move, providing they have all the facilities it needs.

Hadley was unavailable for comment.

Champion Hill stadium became the first football ground in Greater London to be listed as an Asset of Community Value in September last year.

It is a former training pitch of the original stadium, which hosted football matches during the London 1948 Summer Olympic Games.

The old ground was demolished in 1991 and a Sainsbury’s was built on the site, while the current stadium opened in 1993.