"Image source, Getty Images AFC Wimbledon say their current ownership model is not sustainable for competing in the EFL and they are in talks with investors to sell a minority stake in the club. The Dons have announced an operating loss of 600,000 and project finances "will become very tight at the end of this season"., external Board members said that "despite the constant generosity of our fans and bond holders, competing in the EFL at Plough Lane with our current structure is not currently sustainable"."
"The opening of the Cherry Red Records Stadium in 2020 marked a return to Plough Lane for fans of the former club. The Wombles were promoted to League One last season and have made a strong start to life in the third tier, picking up 25 points from their opening 15 games, with only goal difference keeping them out of the play-off places."
AFC Wimbledon announced an operating loss of 600,000 and warned finances will become very tight by season end. The club reduced debt by 2m and repaid 1.4m of Plough Lane bonds, yet playing budget ranks 23rd of 24 teams in League One. Stadium revenue growth appears insufficient to reach break-even sustainability in League One or Two. Investors are being sought for a minority stake to contribute working capital and improve the playing budget. The club emphasizes finding investors who share values and commitment to fan ownership. On-field performance has been strong, with 25 points from their opening 15 games, leaving the team close to the play-off places.
Read at www.bbc.com
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