AFC Wimbledon aims to earn up to £ 4.5 million by issuing 6% interest-bearing bonds to retail investors.
Wimbledon AFC aims to earn up to £ 4.5 million by issuing 6 per cent bonds to retail investors.
The First League football club, which belongs to the fans, wants to raise money to pay off a bridge loan to develop its stadium on Plow Lane.
Two years ago, the club launched a £ 5m bond collection after construction costs increased for its new stadium.
Statement: AFC Wimbledon needs another £ 4.5 million to refinance high-interest loans
Now the AFC needs another £ 4.5 million to refinance Wimbledon’s high-interest loan.
Prior to the official launch of the bond, AFC Wimbledon had already raised £ 700,000 from supporters.
Each £ 1 million saves the club £ 60,000 in interest.
The minimum investment for new 5, 10 or 20-year bonds is £ 1,000 and applies regardless of the 6 per cent interest rate, and there is also a 1 per cent bonus for fans who invest in the first bond.