Supporters' group the Foxes Trust this week announced that Leicester City Council had granted its request for the status, which would give it time to prepare a bid to purchase the ground, should its owners choose to sell.
Leicester City Council’s decision to approve the bid follows local authority approval for similar bids for other stadia around the country, including Liverpool FC’s Anfield stadium and Manchester United’s Old Trafford.
The application was made under the Localism Act 2011 and the Assets of Community Value (England) Regulations 2012, and potentially offers Foxes Trust a six-week window to lodge an expression of interest if the ground is ever marketed, followed by a four-and-a-half month period for a full bid to be prepared.
Foxes Trust chairman Ian Bason said the decision to list the stadium would improve fans’ ability to prevent the club’s relocation, as happened with Wimbledon in 2003 and more recently Coventry City FC.
"We have no reason to believe that current owners, King Power, have plans to sell the stadium or club, however we believe listing the stadium not only protects the stadium, but also opens up a pathway to dialogue with any new potential owners of the club and stadium, so we can seek assurances on their plans," he said.
Kevin Rye, spokesman for Supporters Direct - the governing body for supporters’ trusts - said many similar applications were being lodged relating to football and sports.
"We know that the Department of Communities and Local Government is especially pleased at the initiative being shown by our members in taking advantage of this legislation," he said.
The organisation says 11 football grounds now have ACV status.
Leicester City Council said it had approved Foxes Trust’s ACV application as it had fulfilled all of the requirements stipulated by ministers.
Separately, it has emerged this week that the London Borough of Camden has stripped a pub of its ACV status following a request for a review of the decision by planning and development consultant Iceni Projects.
A letter from the authority, seen by Planning, said it had concluded that a valid nomination had not been received for the listing of the Black Cap pub.