Plough Lane Bond - You Brought the Dons Home

AFC Wimbledon returned to Plough Lane, the club’s spiritual home, in late 2020. And the Plough Lane Bond made that possible. The scheme raised almost £10m in two initial raises in 2020 and 2022.

Since November 2020 the club have been back playing on Plough Lane after 30 years away. The Plough Lane Bond scheme has allowed the club to replace all external secured debt, thanks to the generosity of bondholders. 

Having managed the first set of bond redemptions in Spring 2025 totalling £3.2m (£1.42m repaid, £305k donated or swapped for equity, £1.5m rolled over), we are now planning for the next round of redemptions in late 2026/Spring 2027 (a further £3.1m in total). This refinancing window is open now. It will include opening the scheme up to new bondholders as well as accepting rollovers from previous bondholders.

Based on surveys, we expect to redeem at least £1.2m to bonds expiring between now and the end of May 2027. We have also received indications in surveys that a similar level of appetite exists for new bondholders to join the scheme.

Any new bonds taken out in this period will be used first to repay all bondholders of expiring bonds who request redemption. Any potential surplus will be used in a strategic exercise of repaying early any bonds which are currently paying 6 or 7% interest. The overall aim will be not to increase our total debt levels, but to continue to honour all redemptions on time and manage down our overall annual cost of interest. This will help increase the club’s profitability.

The Plough Lane Bond is open again now for new money at a rate of between 0-5%.

The website is also live to cover the administration of the scheme, answer any questions existing or prospective bondholders have and to enable bondholders to choose what to do with their bonds.

Bonds purchased on 5, 10 and 20-year terms

You choose your interest rate from 0–5% - paid annually