The Stevenage FC Equity Offering has been open for two weeks now and has attracted interest and subscriptions from large and small investors alike.
This update provides a little more detail on the purpose of the offer, and how the funds raised will be invested.
Stevenage FC will use proceeds from the offer to increase the Club’s wage and transfer budget. By injecting funds directly into the playing budget, the Club aims to close the gap between its spend and the average spend of clubs in EFL League Two. In this way, the Club believes it will increase its chances of getting promoted. Last year, Stevenage FC missed out on the EFL League Two promotion playoffs by one point.
“Am I relying on the investment? It will definitely dictate what we do. We’ve got a list of players we would buy if we had the funds.” - Chairman Phil Wallace
In terms of wage budget, Stevenage FC has approximately £1,600,000 at its disposal. This is around £200,000 below the average of EFL League Two. Through the Equity Offering, the Club aims to raise £1,200,000 million, to invest in part into the wage budget (as well as the transfer budget) over multiple seasons in order to compete more effectively.
WANT TO LEARN MORE?
- Stevenage FC Equity presentation and Q&A: Weds 26th June, 7pm at the Cromwell Hotel
- Drop-in session: Wednesday 26th June, 11am – 4pm at Lamex Stadium
- Ask a question or request a call back: email email@example.com or call 020 7349 0622
The Stevenage FC Equity Offering is made available through Tifosy, the sports investment company that worked with the Club to issue the successful Stevenage FC Bond in 2017. Tifosy is authorised and regulated by the Financial Conduct Authority.
Please note that investment in a security of this nature, being an illiquid investment, involves a substantial degree of risk and returns are not guaranteed. An explanation of the risks and the full terms and conditions is available www.tifosy.com/stevenagefc. Approved as a financial promotion by Tifosy Limited which is authorised and regulated by the Financial Conduct Authority (no. 717605).