BusinessBusiness RecoveryDons emerge from administration

Dons emerge from administration

Wimbledon Football Club has emerged from administration following the completion of its sale to the InterMK consortium.

Link: Wimbledon survives second Revenue challenge

The sale of the club, now known as the Milton Keynes Dons, was finally approved by the Football League’s board of directors this week after having been in the control of administrators Grant Thornton since June last year.

The InterMK bid, led by music promoter Pete Winkleman, looked set to go ahead once the Inland Revenue decided not to take is case for the recovery of £525,000 of debts to the House of Lords.

‘After a long period in administration Milton Keynes Dons are in a position to build for the future,’ said League chairman Sir Brian Mawhinney.

‘I hope the League’s policy of not permitting clubs to begin consecutive seasons in administration helped to focus the attention of all involved.’

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