In an extreme situation, the investors might be the only people able to inject money to keep the club afloat but be blocked from doing so except on terms that are disproportionately favourable to the Dons Trust. Rather, a slow culmination of events which slowly brought us to where we are now. The Board would approve key decisions of the football club that are not of a day-to-day nature within the remit of the executive team. As you all know, our new home is currently under construction; we don’t want to halt or slow down that work because, ultimately, delays lead to more cost. As promised, we have endeavoured to answer the questions posted to us in an.Some of the questions have been amalgamated in order to avoid unnecessary repetition – and some cannot be answered as fully as we would like at this stage. Club News New Stadium: Have your say by completing survey 3 September 2020.

What has been explored to allow the membership more time to approve any potential new club structure?A: We fully understand this concern, and we definitely don’t want to bounce members into rushed decisions, but time is simply not on our side. The people we are talking to are not complete strangers to us, and one of them is a well-known business leader.Q: To what degree are DT members able to carry out our own “fit and proper person” test?A: Members will get to hear from the investors in due course and will know who they are by the time any Restricted Action vote is brought forward.

Such investors want a say in how the company is run; they focus carefully on considerations such as valuation and governance. We know of at least one fan who approached the club with a proposal along these lines who has never had a meeting so we would like to know what avenues have been explored here and can be explored urgently now?A: Our fans have been really helpful throughout this project, offering invaluable advice about planning, legal services, construction, etc. We’ve been extremely grateful to use this support whenever we could. The funds paid by investors to Seedrs as part of the crowd funding will be held by Seedrs until the construction contract with Buckingham is signed.”.Q: Please can you provide a detailed breakdown of the additional £10m of works that are required for the full phase one version of the stadium.The above costs include not only the work that Buckingham have already performed but also historic costs associated with the development of previous designs and planning, etc. We are in discussions with a brewery about a deal for the pub, which would include a licence and revenue share in exchange for some capital investment towards the fit-out of the pub. In order to use the live chat functionality you need to opt into live chat cookies. If agreed – and all this is subject to ongoing negotiation - there will be a Board of between seven and nine which no one party can automatically dominate. The paperwork couldn’t be completed until just before the Gillingham game but, rather than sour that, we decided to hold off until after the match. We are now facing a much tougher borrowing climate than, say, 12 months ago, and there’s little doubt Brexit uncertainty hasn’t helped.

At this stage, we don’t have another ground to play in during 2020/21, notwithstanding recent press reports about Chelsea’s willingness to let us stay at Kingsmeadow. Based on current negotiations, AFCW PLC would still have a majority of the economic and voting rights after the new investors come on board.Q: Would this investment be directly in AFCW PLC?Q: The club statement says these investors “would also expect a substantial say in how our business is run” - what does that mean in operational and shareholding terms?A: As already explained, they would be represented on the Boards of AFCW PLC and its subsidiaries, but would not be members of the executive team. What happened to this plan and why did it take four years for any crowd funding to start even as the funding gap grew?A: Firstly, a change in tax rules meant a community share issue would no longer qualify for the Enterprise Investment Scheme incentives we originally anticipated. The stadium has been designed by KSS Group with Buckingham Group Contracting responsible for the construction.© 2020 TheStadiumBusiness News. In short, it was a balancing act. Nick always promised to help when we’d need it most. AFC Wimbledon The Cherry Red Records Stadium Jack Goodchild Way 422a Kingston Road Kingston upon Thames Surrey, KT1 3PB afcwimbledon.co.uk Email: info@afcwimbledon.ltd.uk Tel: +44 (0)20 8547 3528 (09:30 - 17.00 Monday to Friday) Number one was simply to carry on as we are – and, in many respects, that’s what we are continuing to do.