Luton Town have earmarked £30million of Premier League cash to help fund their new Power Court stadium — with half of the build now expected to be financed without borrowing.
The details emerged during Luton Town Supporters’ Trust’s annual financial review with club officials. Luton’s finance chief Tom Schofield confirmed the club will fund the remaining half of the new stadium through borrowing, though only via a new company set up specifically to protect the club from financial exposure.
Power Court Stadium Limited, incorporated in April, is a wholly owned subsidiary of 2020 Developments (Luton) and will oversee the project independently of the football club.
Trust chair Paul Stephens admitted the discussion left him confident in the club’s direction, saying: “We left the meeting positive about the club’s position. Despite relegation, finances are sound and sustainable, and with Power Court approaching, we believe the club is in strong hands with 2020.”
The strategy to set aside £30million of central distributions was agreed upon promotion to the top flight, and reflects a wider approach to long-term planning. Luton say the new stadium will significantly increase revenue and add a valuable asset to the balance sheet.
“Maintaining sustainability means not taking gambles for potential short-term gains — 2020 will not mortgage the club’s future,” said Stephens, adding: “We have seen what that can lead to in our own past, and right now we’re seeing it across the football world.”
Despite successive relegations, Luton received around £49million in parachute payments last season and will get £40million in 2025–26, leaving the club financially stable, with minimal impact on operating budgets.
Other topics covered in the meeting included season ticket pricing — which remains below inflation despite cost pressures — and executive pay, which is reviewed by a shareholder-led remuneration committee. Specific salary details were not disclosed.
The club also confirmed it paid £181,700 in fines, including £120,000 for homophobic chanting during the match at Brighton on the opening day of their Premier League campaign. The Trust said the incidents highlighted the reputational and financial cost of fan behaviour.
However, the club remains debt-free outside of the stadium project and has not required new equity injections since the Covid-19 pandemic.
“This meeting gave us insight into how sustainability informs decisions on recruitment and budgets,” Stephens said, adding. “I’m confident this strategy will deliver long-term success.”
A full breakdown on the Trust’s meeting with Luton Town is available here.
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