Dons owners secure seven-figure funding to weather coronavirus storm

Watch more of our videos on Shots! 
and live on Freeview channel 276
Visit Shots! now
"We’re delighted that the business can start planning future sporting and hospitality events.”

The Stadium MK group, owners of MK Dons, have been handed a seven-figure Coronavirus Business Interruption Loan Scheme (CBILS) facility through Santander UK to meet cashflow issues, retain staff and plan future events as restrictions are lifted.

With next to no income over the last three months as a result of the COVID-19 pandemic, staff across the group have been furloughed, while the first team players agreed a 20 per cent deferral in their wages.

Hide Ad
Hide Ad

The company includes the hotel at Stadium MK and the Marshall Arena, which recently held the Championship League snooker competition.

Pete WinkelmanPete Winkelman
Pete Winkelman

Chairman Pete Winkelman said: “The timely and effective support from Santander has enabled us to get back to work and start delivering events again, helping Stadium MK and Milton Keynes to take the lead in post-Covid19 recovery.

"The tremendous support of Santander has helped us to complement the positive effects of the Government’s Coronavirus Job Retention Scheme by allowing us to keep most of our talented and dedicated staff together and minimise the level of redundancies that we have had to undertake.”

Jon Everitt, Relationship Director, Santander UK, said: “Stadium MK saw its revenues cease overnight as the outbreak of Coronavirus hit the UK. We were in touch with the team there to assess their options and we’re delighted that the business can start planning future sporting and hospitality events.”

Comment Guidelines

National World encourages reader discussion on our stories. User feedback, insights and back-and-forth exchanges add a rich layer of context to reporting. Please review our Community Guidelines before commenting.