We did it!
On Thursday 24th August, the Stevenage FC Mini-Bond reached its target raise of £500,000. With over three weeks of the Shoulder to Shoulder campaign remaining, the club and ownership are delighted with the response.
Speaking of the achievement, Chairman Phil Wallace said “What we have done is genuinely remarkable. When we launched the Mini-Bond just over a month ago, we had already made history by being the first club in the UK to do this. Now, to have delivered £500,000 with 22 days to go, is really extraordinary.”
Over 200 fanfunders have invested in the Mini-Bond, the first for an EFL club.
Phil Wallace added “This was always about doing something amazing together and the that’s exactly what we’ve done. Our fans and members of the Stevenage community have come together, made the North Stand project happen and made history.”
Given the incredible take-up of the scheme and in response to demand, the Club is activating the maximum raise option.
Having already raised over £500,000 to redevelop the North Stand, investors may continue to invest up to a total raise of £600,000. Investors will continue to have the choice to choose between 4% cash interest per annum or 8% club credit interest per annum.
Investments can be made via www.tifosy.com/stevenagefc, where you will also find a full list of investor privileges for individuals and businesses.
On Friday 25th August, we are holding our third and final 'Drop-In Clinic' where supporters can get advice on the Mini-Bond or help with the investment process. Feel free to 'Drop-In' at the club offices anytime between 10am-2pm.
Please note that investment in a security of this nature is speculative, including a degree of risk. An explanation of the risks and the full terms and conditions of the Stevenage FC Mini-Bond are available at www.tifosy.com/stevenagefc.