Chase Park, in Hatherton, had initially been sold for £1.45m to multi-millionaire businessman Mo Chaudry two months ago but the Stoke-on-Trent Waterworld owner failed to complete the purchase.
The 25-acre park was resold by on online property auction site Bidx1 for £1,101,000 after a bidding war between two anonymous potential buyers today.
It is not yet known who placed the winning bid.
Chase Park closed when receivers were called in to the site in May amid a wrangle over leases for the sports clubs involving developers and Sport England.
After 58-year-old Mr Chaudry failed to follow through on his purchase, Cannock Cricket Club took over the former ground of rival club C&R Hawks, who have vacated their base in Littleworth Road, Rawnsley.
Cannock Hockey Club have been playing their matches at Erasmus Darwin Academy in Burntwood and other sites since the Chase Park closure.
Cannock Cricket Club’s honorary secretary Graham Machin said members had watched the bidding with interest.
“Hopefully this time the sale is completed and there can be some resolution that works in the best interest of sport in Cannock,” he said.
“In the meantime, we’re concentrating on building the club’s future at our new base in Littleworth Road.
“We’ve plenty of things to do there and lots of exciting plans heading into the new year and next summer’s cricket season.”
Mr Chaudry told the Express & Star in July that his plans for the site would “evolve” – but this came to nothing.
He then later declined to comment on the decision to pull out of the deal.