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FC United launches new loan stock scheme to help fund new ground
FC United of Manchester is offering individuals the opportunity to invest in the club with the launch of a new loan stock scheme. The club aims to borrow up to £200,000 at 2% interest from individuals to help fund its new football ground and community facility, currently entering the final stages of construction in Moston, north Manchester.
When complete, the club’s new home ground and community facilities in Moston, north Manchester will deliver real and lasting benefit to the area, with new sports and non-sports community facilities. It will also provide a home ground with a 5,000 capacity that will ensure the club’s sustainable future.
FC United general manager, Andy Walsh, said: “Our members have contributed over £1.9m to the club’s pioneering Community Share Scheme. The loan stock enables the club to borrow money at less than the current market rate and we are inviting individuals to lend money to the club. The investor will benefit from a very attractive deal, as well as contributing to a fantastic new community facility. Qualification of the loan stock scheme for Social Investment Tax Relief (SITR) means that, subject to personal circumstances, investors can recoup 30% of what they invest against their tax liability.
“FC United has already successfully raised £5.55m needed to build the new facility which has a total project cost of £6.011m. The loan stock offer to individuals with a minimum of £10,000 to invest is one of the last pieces in the jigsaw and offers people a unique opportunity to invest in a project that will make a real difference to the local community. FC United’s loan stock scheme is amongst the first ever to be given SITR Advanced Assurance by HMRC and the first to launch in football,” said Andy.
FC United of Manchester is offering individuals the opportunity to invest in the club with the launch of a new loan stock scheme. The club aims to borrow up to £200,000 at 2% interest from individuals to help fund its new football ground and community facility, currently entering the final stages of construction in Moston, north Manchester.
When complete, the club’s new home ground and community facilities in Moston, north Manchester will deliver real and lasting benefit to the area, with new sports and non-sports community facilities. It will also provide a home ground with a 5,000 capacity that will ensure the club’s sustainable future.
FC United general manager, Andy Walsh, said: “Our members have contributed over £1.9m to the club’s pioneering Community Share Scheme. The loan stock enables the club to borrow money at less than the current market rate and we are inviting individuals to lend money to the club. The investor will benefit from a very attractive deal, as well as contributing to a fantastic new community facility. Qualification of the loan stock scheme for Social Investment Tax Relief (SITR) means that, subject to personal circumstances, investors can recoup 30% of what they invest against their tax liability.
“FC United has already successfully raised £5.55m needed to build the new facility which has a total project cost of £6.011m. The loan stock offer to individuals with a minimum of £10,000 to invest is one of the last pieces in the jigsaw and offers people a unique opportunity to invest in a project that will make a real difference to the local community. FC United’s loan stock scheme is amongst the first ever to be given SITR Advanced Assurance by HMRC and the first to launch in football,” said Andy.
