Stormzy is now joint-owner of football club after buying hometown team

Stormzy is now the joint-owner of a football club after buying his hometown team.

The 'Shut Down' rapper announced the exciting news this afternoon (27 June) that himself, Crystal Palace attacker Wilfried Zaha and former kit manager at Crystal Palace, Danny Young, are now part of a three-man consortium set to take over the club.

The trio have already exchanged contracts with the existing ownership of AFC Croydon Athletic, nicknamed The Rams, to acquire the assets of the club.

Instagram/@stormzy

Stormzy, 29, shared an AFC Croydon Athletic statement to his 3.1 followers on Instagram earlier today.

It reads: "A three person consortium comprised of Wilfried Zaha, Stormzy and Danny Young has exchanged contracts with the existing ownership of AFC Croydon Athletic to acquire the assets of the club.

"The consortium will own, operate and develop their childhood hometown football club."

The statement continues: "Whilst completion is subject to legislative and governance procedures, the three consortium members are excited about developing a community asset in the borough that gave them their own opportunities.

"They hope to take the entire community on this exciting journey with them."

It concludes: "There will be more updates to come from the consortium in due course on completion of the transaction.

"In the meantime there will be no further comment."

At the time of writing, the post has since clocked up more than 37.4k likes and nearly a thousand comments since it was posted.

Dozens of fellow music artists flooded in to share their reactions to the exciting news starting off with AJ Tracey who commented: "Biggest move."

Instagram/@stormzy

Top Boy's Ashley Walters posted a thumbs up emoji, while fellow rapper Fredo commented two exclamation marks and, DJ Jay Knox added: "Croydon is massive."

Fans of the star also shared their praise, with one Instagram user writing amidst the avalanche of fire and goat emojis: "Best of luck mate! This is fantastic news."

"Amazing, excited to see this journey," penned another.

A third added: "Rate this highly."

"Excellence!" wrote a final fan. "One thing about Stormzy he's going to always look after his roots!"

AFC Croydon Athletic competes in the Combined Counties Football League Premier South Division.

Wonder what the kits will look like...

And this is by no means the first time a celeb has bought a football team.

Ryan Reynolds first purchased Wrexham FC back in 2020 for a hefty offer of $2.75 million (approximately £2.2 million).

The Hollywood A-lister was joined by fellow actor Rob McElhenney in the genius investment into the once fifth-tier Welsh footy team alongside the much-appreciated help of the team's dedicated fans.

Since then, the recently-promoted club has been reaping rewards left, right and centre from an all-expenses paid Las Vegas trip to celebrate the mighty victory as well as hefty £17 million windfall payment from the government ahead of the team's historical Football League return.