Thursday, December 08, 2011

Supporters Direct supports FC United's re-launched Community Shares scheme

 Source: Supporters Direct

 FC United have re-launched their landmark Community Share Scheme for the development of their stadium and community facilities in Moston, North Manchester.

The scheme allows people to buy community shares to support the project without affecting the one member one vote structure of the club. The scheme has had advance approval to qualify for the Enterprise Investment Scheme, which means that you could earn 30% tax rebate (subject to personal circumstances) on investmnents of over £500.

To see the Offer Document, and further details about the project, please go to:

FC United are seeking to raise £1.6m out of the total project cost of £4.5m from Community Shares, the first football club to do so and a model that Supporters Direct hopes other clubs will follow.

Tom Hall, Supporters Direct Head of Policy and Development, described the project as "a ground-breaking initiative. The use of Community Shares allows supporter owned clubs not only raise funds and improve their facilities, but to have a real impact on the communities that they serve. Supporters Direct have advocated their use in our 2011 development briefing papers, and we have also recently received funding to deliver nine Community Shares projects over the next two years. We fully support FC United's Moston scheme, and would urge all those who can to get behind it."