League One · England · valued 28 October 2026
Milton Keynes Dons valuation
The FCV Index values Milton Keynes Dons at £14.9m as of 28 October 2026, with an indicative range of £12.7m–17.1m (data grade A). That ranks Milton Keynes Dons #8 in League One and #153 of the 198 clubs in the index. Its FCV Desirability score is 38 out of 100 (#59 of the 92 English league clubs).
Key figures
- Live enterprise value
- £14.9m
- Indicative range
- £12.7m–17.1m
- Data grade
- A (±15%)
- Rank in League One
- #8 of 24
- Rank in FCV Index
- #153 of 198
- Latest revenue
- £5.6m
- Revenue source
- Companies House filed accounts
- Adjusted revenue multiple
- 1.13x
- Squad value (estimate)
- €6.8m
- Stadium capacity
- 30,500
- Stadium ownership
- Owned by the owner or a related party
- Academy
- Category 3
- Owner
- Fahad Al Ghanim
- Net debt (filed)
- £17.2m
- Indicative equity value
- -£2.3m
This season
15 points from 12 games; expected finish 13.2. Value in each end-of-season outcome, with FCV's simulated probability:
If promoted, the model assumes the club has to invest to compete and may go straight back down; the promoted value allows for both.
How the value is built
Revenue approach: forward revenue of £11.8m × adjusted multiple 1.13x = £13.3m.
Asset approach: realisable squad value, stadium (if owned) and training ground = £18.3m.
The two are blended with a weight set by division, then adjusted by the club's desirability premium of -1.5%, giving £15.0m if the club stays in League One. The live value weights each season outcome by its probability. Full methodology.
Desirability
Milton Keynes Dons scores 38 out of 100 on the FCV Desirability Index, #59 of the 92 English league clubs (between #55 and #67 under different weightings). That is below the League One median of 41, which gives a discount of 1.5% on the club's value.
The score measures what buyers pay for beyond the accounts. It is built from 18 public measurements in six pillars. How the Desirability Index works.
Pillars (0–100; marker = League One median)
- Top-flight seasons
- 0
- Major honours
- no major honours
- Wikipedia languages
- 39
- Wikipedia views, 24 months
- 723,092
- Average attendance 2023-25
- 6,940
- Population within 30 km
- 1.6m
- Distance to London
- 70 km
- Nearest major airport
- Luton, 29 km
Filed accounts
Latest accounts filed at Companies House by company 04787003 (company accounts). Figures in £ millions; some older filings are scanned documents read by OCR.
- Year end
- 2025-06-30
- Turnover
- £5.6m
- Turnover, prior year
- £5.7m
- Staff costs
- n/a
- Operating result
- -£7.1m
- Profit on player sales
- £4.1m
- Profit before tax
- -£3.0m
- Net assets
- -£14.5m
- Cash
- £0.0m
- Borrowings identified
- £17.2m
Questions
How much is Milton Keynes Dons worth?
The FCV Index values Milton Keynes Dons at £14.9m as of 28 October 2026, with an indicative range of £12.7m–17.1m (data grade A). That ranks Milton Keynes Dons #8 in League One and #153 of the 198 clubs in the index. Its FCV Desirability score is 38 out of 100 (#59 of the 92 English league clubs).
How much would it cost to buy Milton Keynes Dons?
Enterprise value is £14.9m. After net debt of £17.2m shown in the latest filed accounts, the indicative equity value (what a buyer would pay for the shares) is about -£2.3m. Owner loans are often written off or restructured in a sale, so the final price depends on the debt agreed in a deal.
Who owns Milton Keynes Dons?
FCV records the owner as Fahad Al Ghanim. Check the club's filings at Companies House or the relevant national registry for the current shareholding.
How is Milton Keynes Dons's value calculated?
FCV blends a revenue approach (forward revenue of £11.8m × an adjusted multiple of 1.13x) with a realisable-asset approach (squad, stadium and training ground, £18.3m), then weights the values if the club is promoted, stays or is relegated by probabilities from a 20,000-run season simulation.
How desirable is Milton Keynes Dons to a buyer?
Milton Keynes Dons scores 38 out of 100 on the FCV Desirability Index, #59 of the 92 English league clubs (between #55 and #67 under different weightings). That is below the League One median of 41, which gives a discount of 1.5% on the club's value.
How often is the valuation updated?
Live values are recalculated after every round of matches, and the financial inputs are updated when clubs file new accounts.
League One valuations
| # | Club | Live value | Grade |
|---|---|---|---|
| 1 | Leicester CityKing Power International | £155m | A |
| 2 | Luton TownLuton Town 2020 Ltd | £37.9m | A |
| 3 | Plymouth ArgyleSimon Hallett | £28.1m | A |
| 4 | ReadingRedwood Holdings | £27.2m | A |
| 5 | Sheffield WednesdayArise Capital Partners | £20.8m | A |
| 6 | BlackpoolSimon Sadler | £17.3m | A |
| 7 | Huddersfield TownKevin Nagle | £16.8m | A |
| 8 | Milton Keynes DonsFahad Al Ghanim | £14.9m | A |
| 9 | Wycombe WanderersUS ownership group | £13.4m | C |
| 10 | Cambridge UnitedPaul Barry | £11.9m | A |
| 11 | BarnsleyCryne / Conrad consortium | £11.7m | A |
| 12 | Peterborough UnitedDarragh MacAnthony | £11.7m | A |
| 13 | Oxford UnitedErick Thohir / Anindya Bakrie | £11.6m | A |
| 14 | Wigan AthleticMike Danson | £11.0m | A |
| 15 | AFC WimbledonDons Trust (supporter owned) | £10.9m | A |
| 16 | Burton AlbionTom Wagner (via Knighthead-linked group) | £9.3m | A |
| 17 | Leyton OrientNigel Travis | £8.4m | A |
| 18 | Stockport CountyMark Stott | £8.0m | C |
| 19 | Bradford CityStefan Rupp | £8.0m | A |
| 20 | Mansfield TownJohn & Carolyn Radford | £7.1m | C |
| 21 | Notts CountyReichardt brothers | £6.4m | C |
| 22 | Doncaster RoversTerry Bramall | £5.3m | C |
| 23 | BromleyRobin Stanton-Gleaves | £5.1m | C |
| 24 | StevenagePhil Wallace | £4.5m | C |
Cite or reuse this valuation
FCV Index, Milton Keynes Dons valuation as of 28 October 2026, https://footballclubvaluations.com/clubs/milton-keynes-dons/