Queens Park Rangers FC has presented new stadium proposal to its supporters in an email sent last night.
The west London club told fans that the redevelopment of the nearby Linford Christie Stadium represented the “one final option” that would allow the club to remain within the same W12 postcode.
The Linford Christie Stadium (pictured) is named after the former Olympic gold medallist and is the home of his former athletics club the Thames Valley Harriers.
However, QPR claims the multi-sports facility is in poor condition and costing the local authority hundreds of thousands of pounds a year.
QPR said low seating capacity made its current Loftus Road home financially “unsustainable” in the long term.
The club has the third smallest stadium in the second tier of English football, which the club said limited its ability to grow and made the matchday experience “uncomfortable” for supporters.
It added that expanding Loftus Road was not an option, as that would involve demolishing hundreds of homes.
The club said it did not believe the council would support such a scheme, with estimated land acquisition costs of £100m also prohibitive.
QPR added that modern ground regulations would mean any new stand would have to be more spacious, which would reduce the stadium’s capacity further.
Chief executive Lee Hoos said: “Fan groups have asked us to set out in more detail the reasons we are looking for a new stadium, which is why we have published this document today.
“We have to face up to the fact that this club is not financially sustainable in the long term whilst we remain at Loftus Road, and we are running out of possible sites near our current home where we could move to.
“The idea of a QPR community stadium – with a new athletics track and community sports facility next door – on the Linford Christie Stadium site represents the only chance of staying in W12.”
The football club has previously announced plans to build a new 40,000-seater stadium within the Old Oak Common regeneration area.
No plans for this ground have been lodged, but the club has moved forward on a joint venture scheme with Genesis Housing Association to build 605 homes and 3,500 sq m of commercial space.
QPR hopes to raise fund for a new ground through the £155m scheme, for which Galliford Try was appointed in January.