Close Menu
The Stadium BusinessThe Stadium Business
  • News
  • Projects
  • Operations
  • Business
  • Job Listings
    • Job Dashboard
  • Insights
  • Meetings
    • The Stadium Business Summit
    • Design & Development Summit
    • The Stadium Business Asia
    • The Ticketing Business Forum
    • The Ticketing Business Asia
  • Regions
Facebook X (Twitter) Instagram
LATEST:
  • Missouri counters Kansas’ play for Chiefs, Royals
  • Hollywood Park Studios to serve LA28
  • Anderlecht assessing new stadium
  • Oxford United secures extended stay at Kassam Stadium
  • Live Nation partners up with Atlanta’s Centennial Yards
  • Denver green lights investment in NWSL stadium project
YouTube LinkedIn Flickr
Register for #SBS25
The Stadium BusinessThe Stadium Business
  • News
  • Projects
  • Operations
  • Business
  • Job Listings
    • Job Dashboard
  • Insights
  • Meetings
    • The Stadium Business Summit
    • Design & Development Summit
    • The Stadium Business Asia
    • The Ticketing Business Forum
    • The Ticketing Business Asia
  • Regions
Subscribe
The Stadium BusinessThe Stadium Business
Home»Features»AFC Wimbledon secures financing to complete stadium

AFC Wimbledon secures financing to complete stadium

NewsEditorBy NewsEditor16th July 20203 Mins Read Features Industry News 464 Views
Share
Facebook LinkedIn Twitter Email WhatsApp Copy Link

English League One football club AFC Wimbledon has secured a loan facility to complete the financing of its new stadium at Plough Lane.

Chief executive Joe Palmer confirmed that the club has agreed an 18-month bridging loan of £4m (€4.4m/$5m) with Dorset-based property finance firm MSP Capital. The deal includes a further allowance for fees and rolled-up interest.

Palmer said the deal will be secured against the new stadium (pictured in May) and guaranteed by AFCW PLC, and confirmed that the club would not have to borrow all of it as the loan is a facility that can be drawn down in stages.

The news comes after local businessman Nick Robertson recently agreed to acquire a 10-per-cent stake in AFC Wimbledon, which is majority-owned by its fans through the Dons Trust (DT). The club hailed the investment as a “historic moment” that allowed it to sign the final construction contract for its new stadium.

In December, fans of the club had expressed their opposition to a private investment approach in the club, as it continued to wrestle with a funding shortfall for the stadium. The club had earlier called for a special meeting after admitting that it may have to shift from its fan-owned structure if it was to fully complete the stadium work.

It has previously been revealed that the club needed a further £11m for the project by January and this week’s announcement completes the financing of the stadium, which will have a capacity of 9,000.

Palmer said: “I must stress the loan is solely for stadium work. Money will only be released against invoices clearly relevant to the construction project. Under no circumstances can any funds be transferred to other areas – like, for example, the playing budget.

“There’s no doubt this has removed a major headache for the club. We can now divert our attentions back to the forthcoming season and preparing for the intensely uncertain, post-COVID world we are all facing. This unquestionably presents a whole new series of challenges but we can take comfort from knowing the stadium project has the funding it needs to reach completion.”

Palmer also confirmed that all resolutions have been passed to approve Robertson’s £2.5m investment in AFCW PLC, and added that fans of the club helped raise over £7.5m through the Plough Lane Bond and crowdfunding campaign.

AFC Wimbledon has played at Cherry Red Records Stadium in Kingston upon Thames since the club was formed by supporters of Wimbledon FC in 2002. The fans acted following Wimbledon FC’s controversial move to Milton Keynes, where it was subsequently renamed MK Dons.

The planned new stadium had been targeted to open ahead of the 2020-21 season. AFC Wimbledon is seeking to return to Plough Lane in south-west London, about 250 yards from where the club’s original incarnation played until 1991.

The new stadium could be expanded to 20,000 by filling in all four corners to create a continuous bowl. The stadium has been designed by KSS Group with Buckingham Group Contracting responsible for the construction.

Image: AFC Wimbledon

AFC Wimbledon AFC Wimbledon Stadium League One Plough Lane Stadium Funding Wimbledon
Follow on Google News Follow on RSS
Share. Facebook Twitter LinkedIn Email WhatsApp Copy Link
Previous ArticleNew Zealand lined up as Rugby Championship destination
Next Article New Era to end sponsorship of Buffalo Bills stadium
NewsEditor

Related Posts

Features

Designing a ‘seamless guest journey that drives fan re-engagement’ – AECOM’s Andrea Patry

28th April 20251,130 Views
Features

Putting women’s sport at the heart of BC Place’s events strategy

15th April 2025295 Views
Features

Gimnasia pursuing major revamp of historic El Bosque

11th April 2025812 Views

Get this News delivered to your inbox

Top Posts

Missouri counters Kansas’ play for Chiefs, Royals

14th May 20253 Mins Read

Hollywood Park Studios to serve LA28

14th May 20254 Mins Read
YouTube LinkedIn Flickr
  • Home
  • About Us
  • Privacy Policy
  • Job Listings
  • Contact Us
Copyright © 2025 Xperiology. All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

X We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies. However you may visit Settings to provide a controlled consent.
Read More Settings ACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
__cf_bm30 minutesThis cookie, set by Cloudflare, is used to support Cloudflare Bot Management.
__lc_cid2 yearsThis is an essential cookie for the website live chat box to function properly.
__lc_cst2 yearsThis cookie is used for the website live chat box to function properly.
__oauth_redirect_detectorpastThis cookie is used to recognize the visitors using live chat at different times inorder to optimize the chat-box functionality.
cookielawinfo-checkbox-advertisement1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
last_pys_landing_page7 daysAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
last_pysTrafficSource7 daysAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
pys_first_visit7 daysAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
pys_landing_page7 daysAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
pys_session_limit1 hourAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
pys_start_sessionsessionAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
pysTrafficSource7 daysAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
CONSENT2 yearsYouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
vuid2 yearsVimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website.
advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
VISITOR_INFO1_LIVE5 months 27 daysA cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface.
YSCsessionYSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages.
yt-remote-connected-devicesneverYouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt-remote-device-idneverYouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
Save & Accept