Last week it was announced that Stevenage FC will make history again, by becoming the first football club in England to offer shares to the public through an online investment platform..
Chairman Phil Wallace commented, “We have been overwhelmed by the response to the share offer, but in a way I am not really surprised. This is a great club. We’ve shown before how ambitious we are as a club and we intend to show it again, by investing in our squad to climb the divisions. Why wouldn’t you want to be a part of that?
“It is hardly ever possible to invest in an English football club – and the offer we have put together is very attractive, with the chance of getting some or all of your money back through promotions, while still keeping the shares.”
The shares on offer are Ordinary ‘A’ shares, with Promotion Dividends attached. The Club will pay 25% of the value at issue price for promotion to EFL League One, and 75% for promotion to the EFL Championship. They also come with Information Rights, meaning shareholders will receive a copy of the Club’s annual accounts, be invited to attend an annual CEO Update; and Voting Rights, meaning you will be consulted with, and vote on certain decisions relating to the Club’s operations and development. You will also have first refusal on any future share offerings made by the Club.
The shares are being offered through Tifosy, the sports investment company which managed the successful Stevenage Bond issue in 2017. Tifosy’s platform now features an Exchange where shares can be listed for sale to a willing buyer.
Due to a high level of demand it’s important that you pre-register now to avoid disappointment and have the opportunity to be one of the first to become a Stevenage FC shareholder.