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AFC Wimbledon have taken a huge step towards returning to Plough Lane after their fan-created bond reached its funding target of £5million. The Bond remains open in May 2020 as the club finalise negotiations for a commerical loan to complete the funding picture.
Whilst AFC Wimbledon have enjoyed considerable success since formation and there should be new revenue streams from a new larger ground, there is a risk that the Dons Trust will not be able to pay the interest or repay the bond.
The new stadium is scheduled for completion this autumn. The seven sets of AFC Wimbledon PLC accounts published since we got back into the Football League in 2011 show that in the seven seasons from 2011/12 to 2017/18 we made total losses of … AFC Wimbledon is on the verge of returning to Plough Lane. He’s been quietly coming to our games at the Cherry Red Records Stadium for at least a couple of years and has totally embraced our story.
His shareholding will come from allocating some more of the shares that were approved but not used in the Seedrs issue. The club was founded in 2002 by supporters of the former Wimbledon F.C. The We Are Wimbledon Fund is exploring routes for smaller levels of investment, on behalf of the Dons Trust. Joining the Trust makes you a part-owner of AFC Wimbledon, with the same stake in the club as all other Trust members. ".While this announcement is extremely welcomed, we also realise these are not the greatest times to be celebrating. Any money the Trust receives is put into achieving its aims and will only ever be used for the betterment of AFC Wimbledon. To do this click on the cookie settings button below. It's been a phenomenal journey since our club was reborn as AFC Wimbledon 18 years ago - and now we have completed a key step on our journey home.In short, the road is now clear for our return to Plough Lane and the final construction contract has been signed. It will be lent by the Dons Trust to one or more of AFC Wimbledon's operating companies to achieve this.The club and the Dons Trust are pursuing all opportunities for commercial debt. The Dons Trust remains in control of AFC Wimbledon.
That's a huge step in the right direction. And Nick also hosted a series of dinners at which groups of Wimbledon businessmen were told about our plans, our hopes and our needs. If that means all the numbers add up and we can get the stadium built, then I’m delighted to have played a part in making it possible.”,And he summed up his feelings for everyone at the club with this tribute: “I love the resilience of the club, the passion of the fans, and their commitment to the community. During the Bond offer period, volunteers will be helping to support this issue and a call-back service will be available. We are exploring new avenues that have been brought to us for the commercial lending as well, but the more we can raise through this bond, the easier the process of securing the remainder becomes. AFC Wimbledon, the football club, has just published a bond issue and you can choose your preferred rate of interest up to 4% per annum! To do this we need to be sure that we have the funding available. The club has already raised over £1m from the bond. AFC Wimbledon is on the verge of returning to Plough Lane. If the stadium is completed on time and funded through a combination of the Plough Lane Bond and commercial lending, then the Dons Trust will be able to debate accepting outside investment without the time pressure of the stadium construction being under jeopardy.
children)?We have now added the function to purchase bonds for other people including children. "For starters, we don't know when the new season will begin - or, more importantly, when our fans will be allowed to see games at our new home. Work is well underway on the new stadium on Plough Lane, scheduled for completion in summer 2020. The Seedrs crowdfunding and Plough Lane Bond were the game changers – but we still needed an extra push to complete the job," added Joe. It is important to.At the end of your chosen term length. The certificate will be issued with the name of the purchaser and the name of the recipient. Before the onset of Covid-19, our focus had been on tackling the funding shortfall that had threatened the construction of our new stadium in Wimbledon. In the meantime, he is reluctant to say more than: “I’ve only done what I said I’d do. Since December last year, fans who work in finance have come forward to assist in providing more commercial avenues to explore. Once the stadium is constructed, there are further avenues of funding available to the club. If you have any queries about an existing Dons Trust Bond that you currently have please contact.We have offered flexible rates of interest so that individuals can choose what they would like to receive, between 0% and 4%. The more money the club can borrow at advantageous rates, the more it will have available for operational and playing budgets.What if I’m happy to loan the club money for longer than the original term?One year prior to the Bond maturing (so after 4, 9 or 19 years), we will ask if you wish to redeem your bond or create a new term for your existing investment.
After almost 30 years, the Dons are coming home. First up will be a General Meeting of AFCW PLC to approve the allocation of shares, which will be announced over the coming days.“I look forward to the opportunity, in a few months’ time, of thanking a very long list of people who have been so instrumental in getting the stadium completed.”.Few of our fans will know the name Nick Robertson, but it’s been almost two years since he began quietly helping us with our return to Plough Lane.Our new investor has been to home games, enjoyed drinking in the bars, listened to our stories and, all too often, anguished over our results.
Unlike many Football League clubs, AFC Wimbledon have no wealthy owner to turn to.
Whilst AFC Wimbledon have enjoyed considerable success since formation and there should be new revenue streams from a new larger ground, there is a risk that the Dons Trust will not be able to pay the interest or repay the bond. We have decided to continue to take further applications and issue further Bonds after this date because every Bond investment taken out enables the club and Trust to benefit from a stronger overall position to secure and fund stadium construction. Nick quickly understood what ‘Bringing The Dons Home’ meant to us all and very soon promised the people leading the project that he would do his bit to help.The success of our Seedrs crowdfunding campaign convinced him of our commitment and he was bowled over by the phenomenal response to the Plough Lane Bond.
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