Basket
×

Your basket

Join The FSA

FSA invests £5,000 in Plough Lane Bond

The Football Supporters’ Association will invest £5,000 in AFC Wimbledon’s Plough Lane Bond which was launched to help the supporter-owned club to return home.

The bond is administered and run by FSA affiliates the Dons Trust. It was formally launched on Wednesday 5th February and the FSA Board met the following day and agreed the loan.

Since forming in 2002 AFC Wimbledon have been fan-owned by the Dons Trust and they believe the bond is the best mechanism to raise funds for the Plough Lane stadium construction project and keep the club under majority fan ownership.

“This is absolutely fantastic news and we are delighted to have the support of the FSA. Their generous interest-free loan will help us ensure we can finally ‘Bring The Dons Home’,” said Charlie Talbot and Xavier Wiggins, who run the Plough Lane bond scheme.

“We are still looking for more loan signings and can provide a return of up to 4% for any supporters or investors who want to back our aims of keeping AFC Wimbledon as a fan-owned example of how clubs can be run as community assets.

“It’s been a crazy few weeks since we launched the bond scheme and we have been blown away by the goodwill we have had from the media and fans of other clubs as well as Wimbledon supporters.”

The initial target for the bond is £5m but will go towards the £11m total funding required to build the new stadium. Investors can elect to lend money over a five, ten or 20-year period with a variable rate of interest from 0% to 4% which is paid annually.

The Bond has now raised more than £3m.

“Supporters across the country will hail AFC Wimbledon’s ambition to return to Plough Lane,” said FSA chief executive Kevin Miles said: “It’s been a monumental effort by fans to build a club from scratch and establish itself in the EFL.

“This move would represent the final step in a 17-year dream that many thought was impossible. The FSA is proud to be able to play its own part in helping that become a reality.”

Construction of the stadium started last year and work is on-going. The new Plough Lane will hold 9,000 supporters. AFC Wimbledon have been based at Kingsmeadow in Kingston-upon-Thames since formation in 2002.

  • The Plough Lane Bond scheme aims to raise £5m towards the overall lending required to get the Plough Lane stadium build on time for the 2020-21 season. Bond purchasers can choose their interest rate up to 4% and the minimum investment is £1,000. Capital at risk, full terms and conditions on the website: www.PloughLaneBond.com.

Related Articles

England fans to travel more than 4,000 miles this summer

England fans heading to Russia in June are set to spend up to £5,000 on their trip and could clock up more than 4,000 miles to see the Three Lions according to research we’ve carried out with Virgin Media.

Wolves make breakthrough with plans for 5,000 rail seats

Wolves have announced plans to install more than 5,000 rail seats at Molineux in what has been described as “great news” for the standing campaign.

Notts County fans £4,000 to cover unpaid wages at club

Notts County fans have rallied around their club by raising more than £4,000 to cover unpaid wages for club staff.

Supporters Trust help raised nearly £60,000 for Sean Cox

Liverpool FC supporters trust Spirit of Shankly have been instrumental in encouraging and inspiring supporters to donate to a funding initiative for Sean Cox, a Liverpool fan seriously assaulted before a Champions League Game in April.

Funding partners

  • The Football Association
  • Premier Leage Fans Fund

Partners

  • Gamble Aware
  • Co-operatives UK
  • FSE
  • Kick It Out
  • Level Playing Field
  • Living Wage Foundation
  • SD Europe