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Old November 26th, 2019, 07:05 PM   #81
RMB2007
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Fans fear for future of AFC Wimbledon as club face £11m shortfall to build new stadium

AFC Wimbledon are facing a financial crisis and a race against time to raise the £11million they need to build their new stadium at Plough Lane.

The Dons plan to move into their new 9,000-seat home at the start of next season, but they are yet to sign the main construction contract and need a major cash injection to do that after building costs soared to more than £30m.

Wimbledon have until January to find the money and, with the future of the club at risk, the Dons Trust — who own 75 per cent of the club — have called a special general meeting for December 9 to try to resolve the issue.

A number of options have been presented to the 3,000 members of the Trust, which include selling part of the club to outside investors, although, crucially, they would retain the right to veto relocating the team, selling the stadium, changing the badge, colours or club name.

Wimbledon have been owned by supporters since they were formed in 2002, after Wimbledon FC were controversially relocated to Milton Keynes.

Given the role previous owners had in that move, selling a large stake in the club has divided opinion among the AFC fanbase. But the severity of the situation means the League One club are at a genuine crossroads: If Wimbledon don’t find the £11m they need, their new stadium will only be part-built next season and will have just 4,000 seats.

That will mean their playing budget would be among the lowest in League One and could lead to them slipping down the football pyramid.

Banks are unwilling to lend them the money needed due to factors including Brexit and the recent financial difficulties of other EFL clubs, including Bolton and Bury.

A number of local businessmen, who have attended games at their current home, Kingsmeadow, are among those said to be willing to invest if the Trust agree to them having a say in the running of the club.

Supporters are split on bringing in outside investment, with some arguing it is necessary to maintain the club’s Football League status and others fearing a repeat of when former owner Sam Hammam sold the old Plough Lane, which eventually led to the move to Milton Keynes.

Construction of the Dons’ new stadium, which will be just 250 yards down the road from the old Plough Lane ground where Wimbledon FC played and could eventually reach a capacity of 20,000, is already under way.
https://www.standard.co.uk/sport/foo...-a4296711.html
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Old December 4th, 2019, 11:35 PM   #82
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AFC WIMBLEDON Going Home?

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Originally Posted by RMB2007 View Post


Surely the FA, EFL, MKDONS and Milton Keynes council should give Wimbledon compensation for the fraudulent dealings that took place to steal their club.

It was obvious that the whole thing was an well orchestrated scam.
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Old December 10th, 2019, 10:44 PM   #83
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Majority of AFC Wimbledon fans oppose private investors in new stadium

At a meeting of the supporters’ Dons Trust, which has owned the club mutually since its formation in 2002, approximately 60% of attendees indicated that they did not support the idea of raising the money from outside investors as outlined by the chairman, Mark Davis, last month.

The club’s first chairman, Kris Stewart, is understood to have said at the meeting that if shares were sold and the board reorganised in return for the investment: “We lose control, day one.”

The Wimbledon Way, a group of original leading figures in the club’s formation, including Stewart, said after the meeting: “It was … very clear that a majority of members in the room and several of the trust board would like to feel that everything possible is explored for other avenues of funding before external investment is required.”

The trust board is expected to explore the options further, with further meetings scheduled for this week and next.
https://www.theguardian.com/football...P=share_btn_tw
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Old January 14th, 2020, 12:04 PM   #84
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