This week, the Club launched the Stevenage FC Bond, seeking to raise £500,000 for the redevelopment of the North Stand at the Lamex Stadium.
Since launch, the Stevenage FC Bond has already raised a brilliant £148,000.
Having received a grant of £450,000 from the Football Foundation, the Club will supplement this with the total raised from the Stevenage FC Bond, in order to fund the development of the new North Stand at a total cost of £950,000. More information regarding the use of proceeds can be found by clicking the banner below.
- Got any questions regarding the scheme?
As investments of this kind may be unfamiliar to many, Chairman Phil Wallace will be holding two open Q&A sessions in the Broadhall Suite at 7:30pm on Monday 24th July and Wednesday 2nd August.
The sessions are open to everyone and will be an opportunity to present the Chairman with any questions directly. For those who are unable to attend in person, both sessions will be streamed via Facebook Live.
- What is the bond?
The Stevenage FC Bond is effectively a loan to the Club from the fans and community and is aimed to be mutually beneficial; presenting the Club with access to the required capital at favourable rates, and paying investors back at attractive interest rates.
The minimum investment is £500, with a maximum of £25,000, payable via debit card, bank transfer or cheque. The initial term of the bond is five years and successful Applicants can choose to be paid interest over the term at 4% cash per annum or 8% club credit per annum, and be repaid their initial investment at the end of the five years.
Already used by professional sports clubs in rugby and cricket, this mini-bond will be a first for an EFL club and has already been featured on BBC, ITV and Sky Sports.
Full details of the Stevenage FC Bond and how to invest can be found at www.tifosy.com/stevenagefc.