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.
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