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Evening Standard
Evening Standard
Sport
GIUSEPPE MURO

AFC Wimbledon to launch crowdfunding campaign to help pay for new £25m Plough Lane stadium

Wimbledon hoping to return to Plough Lane. (Picture: Getty Images)

AFC Wimbledon are set to launch a crowdfunding campaign to help pay for their new £25million stadium at Plough Lane.

The club have proposed a share issue to raise funds towards the cost of the 10,000-capacity ground which is due to be built for the 2020-21 season.

Wimbledon will finance a large chunk of the project with the £14m they are getting from developers Galliard Homes, who will build 600 new homes as part of the redevelopment.

They are also thought to be receiving around £5m from Chelsea for the sale of their current Kingsmeadow home.

The club will also take out a bank loan and hope crowdfunding will find investors to boost those three main sources of finance.

Wimbledon will issue shares in AFCW PLC, which owns the club, and also own The Wider Interests of Football Limited, the company that will own the new stadium. They have issued shares before, in 2003 when they raised a substantial sum towards the cost of buying Kingsmeadow.

Chief executive Erik Samuelson said: “One of the important elements of financing our new stadium is a proposed crowdfunding. We are going through the process of preparing to launch the share issue.”

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