Business1 min read

AFC Wimbledon, a failed £87m investment bid and the challenge for fan ownership

By · Via The Guardian Business · Published by Everything Blog

In short

The collapse of the £87m bid from Sloane Street Capital occurred after primary funder Omar Mir changed his investment priorities during an active fan vote. Former partners, including ex-Chelsea defender Ryan Bertrand, have rebranded as Sloane Street Football to search for new backers. Meanwhile, the club faces mounting losses alongside £7.5m in debt tied to their stadium return. To stabilize finances, officials plan to request fan approval for a loan of up to £3m.

Key points

  • Fans previously voted to reduce the required approval threshold for external funding deal…: Fans previously voted to reduce the required approval threshold for external funding deals down to 50.01 percent.
  • The board intends to ask supporters for permission to secure a loan of up to £3m to manag…: The board intends to ask supporters for permission to secure a loan of up to £3m to manage cash reserves.
  • A 1-0 victory against Blackpool halted a 10-game winless run, leaving the side four point…: A 1-0 victory against Blackpool halted a 10-game winless run, leaving the side four points clear of the League One drop zone.

Sources checked by our analysis pipeline: 1

When you walk up from Haydons Road train station to Plough Lane there is a blue AFC Wimbledon billboard that reads “Fan owned football”, directly opposite the site of the old Plough Lane stadium where there are now blocks of flats. There is a memorial to the old Wimbledon FC – a reminder that supporters can often have little say in the running of their club – on the same corner, just up the road from the new Cherry Red Records Stadium.

AFC Wimbledon are one of only two majority fan-owned clubs in the EFL – along with Exeter City – but that makes running a loss-making operation, as 94% of teams in England’s top five tiers are doing according to the State of the Game report, even more challenging. “In other clubs, the owner just puts their hand in their pocket, produces cash,” said Hannah Kitcher, who has been a member of the Dons Trust Board (DTB), which runs AFC Wimbledon, for seven years. “It’s harder when the owners are fans – you can only go to them so…

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