Wimbledon AFC has revealed the extent of work so far on its new Plough Lane stadium, as it launched a fundraising bid to cover a shortfall in its construction budget.
The club announced in November last year that it was facing a shortfall of £11m needed to pay contractor Buckingham Group to complete the work, after the value of the project rose due to “unforeseen” planning delays and increased building costs.
The club is due to sign the final construction contact this month and has launched a fundraising scheme called the Plough Lane Bond, with the aim of raising £5m-£11m towards the funding it requires. Whatever it can’t raise through the bond it aims to borrow through commercial lending. So far, fans have committed nearly £1.8m to the bond.
Earthworks for the 9,000-capacity stadium, which the club hopes eventually to be able to expand to 20,000 by connecting all four corners between stands, began in May 2019. In July 2019, the club predicted that the overall cost of the project would be £30m. The main west stand will have four tiers, media facilities, and 12 executive boxes as well as additional facilities but the club warned late last year that if it built only what it could afford, the stand would just be a “basic shell”.