Stevenage FC are the first club to successfuly use a crowdfunding campaign to develop their stadium. They raised £500,000 in one month to help build the club a new North Stand.
Stevenage FC are the first club to successfuly use a crowdfunding campaign to develop their stadium. They raised £500,000 in one month to help build the club a new North Stand.
The first ever mini-bond in English football was launched by Stevenage and sports fan-funding platform Tifosy. With the backing of hundreds of fans the target was reached three weeks ahead of schedule. More than 200 fans invested between £500 and £25,000, choosing either four per cent cash interest or eight per cent club credit interest per annum, plus other benefits.
Boosted by a £450,000 Football Foundation grant, work will start immediately to replace the North Terrace with a modern 1,600-seater stand in time for the 2018-19 season.