Greyhound racing started at Forthbank Park on 11 March 1932 and the track was independent (unlicensed).

The Scottish Football Association at the time was keen to put an end to this practice as, although the racing provided a financial lifeline to many smaller clubs including King's Park, they feared that it would lead to football becoming too reliant on gambling just like the races.

An SFA inspection team deemed that the greyhound track at Forthbank encroached on to the pitch and as such it was removed, along with the source of income.

King's Park made temporary repairs to the stadium and played two more games at the ground before the club was closed down.

Annfield remained the main football stadium in Stirling until 1993 when Stirling Council constructed Forthbank Stadium, on the outskirts of the town but situated about two-thirds of a mile (1 km) from the location of the original King's Park's old ground Forthbank Park.