It requires you to invest a minimum of £1,000 (with no maximum) to the football club in return for annual interest and your investment paid back after your chosen period of five, 10 or 20 years. AFC Wimbledon have taken a huge step towards returning to Plough Lane after their fan-created bond reached its funding target of £5million. We use cookies to allow us and selected partners to improve your experience and our advertising. Dedicated to delivering a sustainable new stadium at Plough Lane for AFC Wimbledon. The FSCS won’t be able to compensate 283 other victims, because they dealt with LCF before it was authorised to carry out financial services business in June 2016. The Dons Trust, which owns the club, has launched The Plough Lane Bond in the hope of raising £5m towards the construction of their stadium. Here, Which? Bond, We’ve Been Expecting You. So, having already cobbled together £2.4m through a previous crowdfunding initiative last year, the Dons are taking another innovative approach to their financial problems. Although the long-term ground-sharing arrangement at Kingsmeadow, where AFC Wimbledon have played since their rebirth, has served a purpose, it is now finally almost time to go back to their spiritual home. Much of it will come from The Plough Lane Bond, with improved commercial lending terms for the remainder. Unregulated investments are generally not protected in the same way as regulated savings and investments, and usually can’t be recouped through the Financial Services Compensation Scheme (FSCS). “Yes, the costs have increased, but tell me a stadium which hasn’t? We are keeping the Bond open to allow more investors to participate. The Bond has already rasied more than £5.1m in funding, making it the largest football bond ever issued. The bond was established by the Dons Trust, the mutual supporters trust which set up AFC Wimbledon in 2002 after the former Wimbledon FC, having … Gallery: Premier League Team of the Weekend (Read Sport). Since the club was reformed in 2002 as a reaction to the franchising of Wimbledon FC to Milton Keynes, AFC Wimbledon has been proud to be fan-owned by the Dons Trust - a one-member: one-vote democratic supporter organisation. However, it’s important to remember that the FSCS won’t bail you out if your investments perform badly, but you may be entitled to compensation if the authorised company goes bust. Jennifer Aniston urges fans not to vote for Kanye West, Cardiff City v Middlesbrough live stream details, kick-off time and team news, U.S. may file antitrust charges against Facebook as soon as November - newspaper, Clare Balding, 49, reveals she's lost 90 PER CENT of her hearing, Road safety organisations slam ‘pointless’ clock change, See the 'Demon Star' Algol wink in the night sky this week, This Guy Went To McDonald’s To Buy Ingredients To Make A Big Mac Pizza. If you want to invest, it’s crucial to assess your finances and ensure you have the necessary safeguards in place.

And we need your help to raise that money. “Because of that model we have that extra pressure to be self-sustainable, which we are,” says Palmer. Rising costs have left the fan-owned club with an £11m gap in their funding which urgently needs to be plugged. This type of firm is more likely to face cash flow issues that delay interest payments, or the company could go bust and be unable to pay any money back to investors. Palmer says that costs have risen due to issues with planning, groundwork and the price of steel but that the plan was always to borrow £7m to £7.5m. “When you see those numbers, you go ‘Woah, how did this happen?’ but it’s a very logical process that we’ve gone through,” he adds.

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