VSI
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Fans Raise 1.5m in FC United Share Scheme

Tue 28th Feb 2012 | Football Stadiums & Facilities

FC United closes in on £1.6m community shares target  to help finance new football ground and community facility in Moston

Supporters of fan-owned football club FC United of Manchester have raised over £1.5m in community share income, leaving just £71,000 of their £1.6m shares target to raise to help fund a community sports facility in Moston, north Manchester.

The club has received planning permission from Manchester City Council to build a football ground and community facility in Moston, north Manchester, and is looking to raise £1.6m of the £4.6m cost from an innovative community share offer. Raising capital through community shares is a unique development in English football and has been recognised as offering a real alternative to the way football is run and financed and offers genuine social benefits to local communities.

Speaking of the news, FC United general manager Andy Walsh, said: "Raising over £1.5m in the current economic climate has been a Herculean effort and we believe is the largest amount ever raised by supporters independently. With 95% of our share target now achieved, and brilliant progress made on other funds such as our Development Fund, we just need a final push to raise the remaining £71,000 by 15 March, which will unlock other grant funding and enable us to start building in Moston. We are asking anyone who shares our vision of bringing football back to local communities to back us by investing in community shares and giving us that final brick in the wall," said Walsh.

"By buying shares, investors will be supporting a better way for football to deliver genuine community benefit - one that is owned and run by supporters and committed to wider community and social development and financial sustainability," said Walsh. "Our groundbreaking development will create a positive and lasting legacy in Moston, creating new sports and non-sports facilities for the area for generations to come," said Walsh.

The FC United community share scheme has a minimum share purchase of £200 and is open to all investors, whether individuals or organisations. The share issue has been given advance approval by the HMRC Enterprise Investment Scheme and subject to personal circumstances this allows individuals to claim tax relief of up to 30 per cent on the amount that they purchase in the share scheme. "Our share scheme is an excellent opportunity for those who wish to invest money to generate social and economic benefit," said Walsh.

Full details of the scheme including all documentation, the offer documents and a summary business and community use plan for FC United's community football ground in Moston are available online at http://www.fc-utd.co.uk/communityshares?moston

Posted by: Aaron Gourley

http://www.buttonshut.com http://www.buttonshut.com http://www.buttonshut.com

---------------------------------------------------------------------------------------------------

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE FCBUSINESS RSS FEED

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Everton Plan New Stadium At Bramley Moore Dock

Thu 23rd Mar 2017 | Football Stadiums & Facilities

Everton Football Club’s search for a site to build a new stadium are finally set to come to an end as they announce plans to build an iconic waterfront stadium in the city. Liverpool City...

Former Groundsman Praises Playability Of SISGrass

Mon 13th Mar 2017 | Football Stadiums & Facilities

Former Hull City groundsman Craig Backhouse believes more football clubs should join the SISGrass revolution. Backhouse, who now works as an Installation Supervisor at SIS Pitches, worked at Hull City...

SIS Pitches Enjoy Dominant Year Following Key Projects

Fri 24th Feb 2017 | Football Stadiums & Facilities

Sports pitch-specialists SIS Pitches enjoyed a standout year in 2016, as a number of prestigious projects helped to propel the company to even greater heights. With a group turnover exceeding...

SIS Pitches Seal Fourth World Cup Stadium

Thu 23rd Feb 2017 | Football Stadiums & Facilities

SIS Pitches has agreed a contract to complete work for a fourth stadium for the 2018 World Cup in Russia. The new Baltic Arena, Kaliningrad, one of twelve stadiums to be used during the finals, is set...