Oxford Stadium is set to re-open.
Kevin Boothby who runs two other greyhound tracks at Towcester and Henlow says he has secured a ten year lease from owners Galliard Homes.
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He said on BBC Radio Oxford this morning: "We're delighted we've got it over the line now and we can look to the future and get greyhound racing back there and we'll also look at other things.
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"It's so important that we've got it back and fair play to the council and the local community - we need to deliver them a fantastic business for the local area and create a lot of jobs"
He is open to speedway returning as well if a viable plan can be put in place.
The entrepreneur said he was willing to invest up to £25 million re-establishing greyhound racing, speedway and a dance school at the stadium, while adding a boxing club and possibly a rugby sevens pitch.
There has been no greyhound racing action there since 2012, but the aim is for it to return by December.
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