Source: BBC
Fans of FC United - Manchester United's breakaway club - are being urged to invest in its future so it can build its own £3.5m ground.
The club wants to build a new 5,000-seater stadium near Newton Heath - the first home of Manchester United.
On Tuesday, it launched a community shares scheme, aiming to raise £1.5m.
"At a time when many clubs are in debt or in the hands of major investors, we aim to demonstrate that there is a real alternative," FC United said.
"We want to change the way football is run and financed by putting supporters at the heart of the game," general manager Andy Walsh added.
'Lasting legacy'
He said the new scheme would "make football history" and "leave a lasting legacy for future generations".
Individuals, aged over 16, and businesses will be able to buy shares from £200 to £20,000.
FC United currently plays at Bury's ground, Gigg Lane.
It is also seeking another £1.5m from grants for the stadium, and hopes to raise £500,000 through donations.
The club has applied to Manchester City Council for planning permission for the new ground. The application is due to be considered in November.
Tuesday, September 21, 2010
Rebel club FC United launch stadium scheme
Source: The Independent
By Simon Stone, PA
Tuesday, 21 September 2010
Rebel club FC United are launching a pioneering £1.5million community share issue to help fund the cost of their new stadium.
The EvoStick League Premier Division outfit, launched five years ago following the Glazer family takeover at Old Trafford, have submitted an application to build their own 5,000-capacity ground close to the site at Newton Heath where the club which eventually became Manchester United started their existence.
Related articles
FC United estimate gaining access to a sizeable sum through grants and also £500,000 in donations, £300,000 of which has already been received.
But they intend to raise the remainder through the community share scheme and claim to be the first football club to issue such shares, a means by which community enterprises can raise capital funds.
"The main aim of the shares is to provide investors with a social return by funding the football and community objectives of FC United, but the club's business plan also provides for potential financial returns for shareholders," said an FC United statement.
The club believe having their own stadium is the best way to maximise their potential as, while they continue to enjoy impressive attendances - just under 2,000 - for their present level of football, they also have to pay out a hefty rental fee to Bury.
Gigg Lane has been FC United's home since the club was formed and will host the FA Cup second qualifying round tie against Gainsborough Trinity on Saturday.
FC United have also been forced to play some matches at Stalybridge this season but now hope "supporters, investors and companies can support the club's development by buying £1 shares from the minimum purchase of £200 up to £20,000."
Andy Walsh, FC United general manager, said: "FC United has achieved a great deal in the five years since its foundation, despite not having a permanent home.
"With our own ground and community facilities we can achieve much more, making the club sustainable and fulfilling our ambition to become a beacon showing a better way for football."
By Simon Stone, PA
Tuesday, 21 September 2010
Rebel club FC United are launching a pioneering £1.5million community share issue to help fund the cost of their new stadium.
The EvoStick League Premier Division outfit, launched five years ago following the Glazer family takeover at Old Trafford, have submitted an application to build their own 5,000-capacity ground close to the site at Newton Heath where the club which eventually became Manchester United started their existence.
Related articles
FC United estimate gaining access to a sizeable sum through grants and also £500,000 in donations, £300,000 of which has already been received.
But they intend to raise the remainder through the community share scheme and claim to be the first football club to issue such shares, a means by which community enterprises can raise capital funds.
"The main aim of the shares is to provide investors with a social return by funding the football and community objectives of FC United, but the club's business plan also provides for potential financial returns for shareholders," said an FC United statement.
The club believe having their own stadium is the best way to maximise their potential as, while they continue to enjoy impressive attendances - just under 2,000 - for their present level of football, they also have to pay out a hefty rental fee to Bury.
Gigg Lane has been FC United's home since the club was formed and will host the FA Cup second qualifying round tie against Gainsborough Trinity on Saturday.
FC United have also been forced to play some matches at Stalybridge this season but now hope "supporters, investors and companies can support the club's development by buying £1 shares from the minimum purchase of £200 up to £20,000."
Andy Walsh, FC United general manager, said: "FC United has achieved a great deal in the five years since its foundation, despite not having a permanent home.
"With our own ground and community facilities we can achieve much more, making the club sustainable and fulfilling our ambition to become a beacon showing a better way for football."
RETURN TO NEWTON HEATH - FC United of Manchester step up stadium plan
Source: ESPN
FC United are launching a pioneering £1.5 million community share issue to help fund the cost of their new stadium.
September 21, 2010
• The story of FC United
The club, which plays in the Northern Premier League which is three divisions below the Football League, launched five years ago following the Glazer family takeover at Old Trafford, have submitted an application to build their own 5,000-capacity ground close to the site at Newton Heath where the club which eventually became Manchester United started their existence.
FC United, currently tenants at Bury's Gigg Lane ground, estimate gaining access to a sizeable sum through grants and also £500,000 in donations, £300,000 of which has already been received. But they intend to raise the remainder through the community share scheme and claim to be the first football club to issue such shares, a means by which community enterprises can raise capital funds.
"The main aim of the shares is to provide investors with a social return by funding the football and community objectives of FC United, but the club's business plan also provides for potential financial returns for shareholders,'' said an FC United statement.
The club believe having their own stadium is the best way to maximise their potential as, while they continue to enjoy impressive attendances - just under 2,000 - for their present level of football, they also have to pay out a hefty rental fee to Bury.
FC United have also been forced to play some matches at Stalybridge this season but now hope "supporters, investors and companies can support the club's development by buying £1 shares from the minimum purchase of £200 up to £20,000''.
Andy Walsh, FC United general manager, said: "FC United has achieved a great deal in the five years since its foundation, despite not having a permanent home. With our own ground and community facilities we can achieve much more, making the club sustainable and fulfilling our ambition to become a beacon showing a better way for football.''
FC United are launching a pioneering £1.5 million community share issue to help fund the cost of their new stadium.
September 21, 2010
• The story of FC United
The club, which plays in the Northern Premier League which is three divisions below the Football League, launched five years ago following the Glazer family takeover at Old Trafford, have submitted an application to build their own 5,000-capacity ground close to the site at Newton Heath where the club which eventually became Manchester United started their existence.
FC United, currently tenants at Bury's Gigg Lane ground, estimate gaining access to a sizeable sum through grants and also £500,000 in donations, £300,000 of which has already been received. But they intend to raise the remainder through the community share scheme and claim to be the first football club to issue such shares, a means by which community enterprises can raise capital funds.
"The main aim of the shares is to provide investors with a social return by funding the football and community objectives of FC United, but the club's business plan also provides for potential financial returns for shareholders,'' said an FC United statement.
The club believe having their own stadium is the best way to maximise their potential as, while they continue to enjoy impressive attendances - just under 2,000 - for their present level of football, they also have to pay out a hefty rental fee to Bury.
FC United have also been forced to play some matches at Stalybridge this season but now hope "supporters, investors and companies can support the club's development by buying £1 shares from the minimum purchase of £200 up to £20,000''.
Andy Walsh, FC United general manager, said: "FC United has achieved a great deal in the five years since its foundation, despite not having a permanent home. With our own ground and community facilities we can achieve much more, making the club sustainable and fulfilling our ambition to become a beacon showing a better way for football.''
FC United launch £1.5m community share issue
Source: Place North West
21 Sep 2010, 10:16
FC United of Manchester today launched a £1.5m community share issue to help fund the proposed new stadium.
The five-year-old club is giving supporters and the wider community the chance to invest in its future by buying shares to raise funds for the development of a new £3.5m stadium, close to United's birthplace in Newton Heath.
Supporters, investors and companies can support the club's development by buying £1 shares from the minimum purchase of £200 up to £20,000.
The 5,000-capacity stadium will be the first permanent home for the club, which currently plays at Bury FC's ground.
FC United recently submitted a planning application for the stadium, with a decision due from Manchester City Council on Thursday 25 November.
The club hopes the share issue will raise £1.5m of the total cost of the stadium, with an equal amount coming from grant funding.
The club will also raise £500,000 through donations, with £300,000 of that already raised.
FC United claims it is the first football club to issue community shares, a means by which community enterprises can raise capital funds. The club operates under a one member, one vote system, which will remain unaffected by the share issue.
The main aim of the shares is to provide investors with a social return by funding the football and community objectives of FC United, but the club's business plan also provides for potential financial returns for shareholders.
The offer closes on 30 November 2010.
* For more information about FC United's community share issue, including the formal prospectus and an application form, please visit: www.fc-utd.co.uk/communityshares.
* The club will be holding an open meeting for any supporters or potential investors interested in finding out more about the shares and the Newton Heath plans, at the Manchester Methodist Hall at 7pm on Thursday 23 September.
21 Sep 2010, 10:16
FC United of Manchester today launched a £1.5m community share issue to help fund the proposed new stadium.
The five-year-old club is giving supporters and the wider community the chance to invest in its future by buying shares to raise funds for the development of a new £3.5m stadium, close to United's birthplace in Newton Heath.
Supporters, investors and companies can support the club's development by buying £1 shares from the minimum purchase of £200 up to £20,000.
The 5,000-capacity stadium will be the first permanent home for the club, which currently plays at Bury FC's ground.
FC United recently submitted a planning application for the stadium, with a decision due from Manchester City Council on Thursday 25 November.
The club hopes the share issue will raise £1.5m of the total cost of the stadium, with an equal amount coming from grant funding.
The club will also raise £500,000 through donations, with £300,000 of that already raised.
FC United claims it is the first football club to issue community shares, a means by which community enterprises can raise capital funds. The club operates under a one member, one vote system, which will remain unaffected by the share issue.
The main aim of the shares is to provide investors with a social return by funding the football and community objectives of FC United, but the club's business plan also provides for potential financial returns for shareholders.
The offer closes on 30 November 2010.
* For more information about FC United's community share issue, including the formal prospectus and an application form, please visit: www.fc-utd.co.uk/communityshares.
* The club will be holding an open meeting for any supporters or potential investors interested in finding out more about the shares and the Newton Heath plans, at the Manchester Methodist Hall at 7pm on Thursday 23 September.
FC United launch its community shares today
Source: Inside The M60
FC United of Manchester is pioneering a new model in football finance with the launch of a £1.5m community share issue today.
The club, founded five years ago by Manchester United fans, is giving supporters and the wider community the chance to invest in its future by buying shares to raise funds for the development of a new £3.5m stadium, close to United’s birthplace in Newton Heath.
The 5,000-capacity stadium will be the first permanent home for the club, which currently plays at Bury FC’s ground.
It will help secure its future by providing it with a sustainable income stream, and allow it to further develop its award-winning community work. It will also provide much needed community sports and social facilities and is intended to act as a catalyst for regeneration in one of the most deprived areas in the UK.
FC United is launching the share issue just days after a planning application for the Newton Heath stadium was submitted to Manchester City Council, with a decision due on Thursday, November 25th.
The club hopes the share issue will raise £1.5m of the total cost of the stadium, with an equal amount coming from grant funding. The club will also raise £500,000 through donations, with £300,000 of that already raised. The stadium will fall under the club’s ‘asset lock’, a legal agreement that prevents the club’s assets being separated from the club and sold off, and ensures continued community use.
FC United is the first football club to issue community shares, a means by which community enterprises can raise capital funds. The club operates under a one member one vote system, which will remain unaffected by the share issue.
The offer is open to individuals aged 16 and over, and businesses. All shareholders must be members of FC United but non-members can join at the time of application. The offer closes on 30 November 2010.
Andy Walsh, FC United general manager, said: “FC United has achieved a great deal in the five years since its foundation, despite not having a permanent home. With our own ground and community facilities we can achieve much more, making the club sustainable and fulfilling our ambition to become a beacon showing a better way for football.
For more information about FC United’s community share issue, including the formal prospectus and an application form, go to: www.fc-utd.co.uk/communityshares.
The club will be holding an open meeting for any supporters or potential investors interested in finding out more about the shares and the Newton Heath plans, at the Manchester Methodist Hall at 7pm on Thursday, September 23rd.
FC United of Manchester is pioneering a new model in football finance with the launch of a £1.5m community share issue today.
The club, founded five years ago by Manchester United fans, is giving supporters and the wider community the chance to invest in its future by buying shares to raise funds for the development of a new £3.5m stadium, close to United’s birthplace in Newton Heath.
The 5,000-capacity stadium will be the first permanent home for the club, which currently plays at Bury FC’s ground.
It will help secure its future by providing it with a sustainable income stream, and allow it to further develop its award-winning community work. It will also provide much needed community sports and social facilities and is intended to act as a catalyst for regeneration in one of the most deprived areas in the UK.
FC United is launching the share issue just days after a planning application for the Newton Heath stadium was submitted to Manchester City Council, with a decision due on Thursday, November 25th.
The club hopes the share issue will raise £1.5m of the total cost of the stadium, with an equal amount coming from grant funding. The club will also raise £500,000 through donations, with £300,000 of that already raised. The stadium will fall under the club’s ‘asset lock’, a legal agreement that prevents the club’s assets being separated from the club and sold off, and ensures continued community use.
FC United is the first football club to issue community shares, a means by which community enterprises can raise capital funds. The club operates under a one member one vote system, which will remain unaffected by the share issue.
The offer is open to individuals aged 16 and over, and businesses. All shareholders must be members of FC United but non-members can join at the time of application. The offer closes on 30 November 2010.
Andy Walsh, FC United general manager, said: “FC United has achieved a great deal in the five years since its foundation, despite not having a permanent home. With our own ground and community facilities we can achieve much more, making the club sustainable and fulfilling our ambition to become a beacon showing a better way for football.
For more information about FC United’s community share issue, including the formal prospectus and an application form, go to: www.fc-utd.co.uk/communityshares.
The club will be holding an open meeting for any supporters or potential investors interested in finding out more about the shares and the Newton Heath plans, at the Manchester Methodist Hall at 7pm on Thursday, September 23rd.
FC United launch £1.5m share issue
Source: Insider Media
FC United of Manchester, the club founded five years ago by Manchester United fans, are today launching a £1.5m community share issue to raise funds for a new £3.5m stadium in Newton Heath.
The 5,000-capacity stadium will be the first permanent home for the club, which currently play home games at Gigg Lane, home to Bury FC. The share issue comes days after a planning application for the Newton Heath stadium was submitted to Manchester City Council. A decision is due in November.
The club hope the share issue will raise £1.5m of the total cost of the stadium, with an equal amount coming from grant funding. They will also raise £500,000 through donations, with £300,000 of that already raised.
The stadium will fall under the club’s "asset lock", a legal agreement that prevents the club’s assets being separated from the club and sold off, and ensures continued community use.
FC United are believed to be the first football club to issue community shares, a means by which community enterprises can raise capital funds. The club operate under a one member one vote system, which will remain unaffected by the share issue.
Andy Walsh, FC United general manager, said: “At a time when many clubs are in debt or in the hands of major investors, we aim to demonstrate that there is a real alternative. We want to change the way football is run and financed by putting supporters at the heart of the game.”
FC United of Manchester, the club founded five years ago by Manchester United fans, are today launching a £1.5m community share issue to raise funds for a new £3.5m stadium in Newton Heath.
The 5,000-capacity stadium will be the first permanent home for the club, which currently play home games at Gigg Lane, home to Bury FC. The share issue comes days after a planning application for the Newton Heath stadium was submitted to Manchester City Council. A decision is due in November.
The club hope the share issue will raise £1.5m of the total cost of the stadium, with an equal amount coming from grant funding. They will also raise £500,000 through donations, with £300,000 of that already raised.
The stadium will fall under the club’s "asset lock", a legal agreement that prevents the club’s assets being separated from the club and sold off, and ensures continued community use.
FC United are believed to be the first football club to issue community shares, a means by which community enterprises can raise capital funds. The club operate under a one member one vote system, which will remain unaffected by the share issue.
Andy Walsh, FC United general manager, said: “At a time when many clubs are in debt or in the hands of major investors, we aim to demonstrate that there is a real alternative. We want to change the way football is run and financed by putting supporters at the heart of the game.”
Breaking: Fans invited to buy soccer ground
Source: The Star
Published Date: 21 September 2010
LOCAL non-league teams like Stocksbridge, Retford, Worksop, Matlock and Buxton could be playing a team soon whose ground has been paid for by a unique public share issue.
Evo-Stik premier side FC United of Manchester - comprehensively beaten 4-1 by Stocksbridge Park Steels last Saturday - is pioneering a new model in football finance with the launch today of a £1.5m community share fund.
The club, founded five years ago by Manchester United fans, is giving supporters and the wider community the chance to "invest in its future" by buying shares to raise funds for the development of a new £3.5m stadium, close to United's birthplace in Newton Heath.
The 5,000-capacity stadium will be the first permanent home for the club, which currently plays at Bury FC's ground.
FC have a history of community sports involvement and say the share issue is intended to stiumlate this further.
Here they have something in common with Sheffield FC, who also do much good at grassroots level in the community and are also eyeing a new stadium, in Heeley's Olive Grove area.
FC hopes the share issue will raise £1.5m of the total cost of the stadium, with an equal amount coming from grant funding.
The club will also raise £500,000 through donations, with £300,000 of that already raised.
FC operates under a one member one vote system, which will remain unaffected by the share issue.
The main aim of the shares is to provide investors with a social return by funding the football and community objectives of FC United, but the club's business plan also provides for potential financial returns for shareholders.
Supporters, investors and companies can support the club's development by buying £1 shares from the minimum purchase of £200 up to £20,000.
Andy Walsh, FC United general manager, said: "FC United has achieved a great deal in the five years since its foundation, despite not having a permanent home. With our own ground and community facilities we can achieve much more, making the club sustainable and fulfilling our ambition to become a beacon showing a better way for football.
"Through the community share issue we can make that happen. At a time when many clubs are in debt or in the hands of major investors, we aim to demonstrate that there is a real alternative. We want to change the way football is run and financed by putting supporters at the heart of the game.
"We are offering supporters and others the chance to be part of this exciting development and help make football history. This is a landmark opportunity to invest in a club bringing football back to the heart of its communities and leave a lasting legacy for future generations."
The club, founded five years ago by Manchester United fans, is giving supporters and the wider community the chance to "invest in its future" by buying shares to raise funds for the development of a new £3.5m stadium, close to United's birthplace in Newton Heath.
The 5,000-capacity stadium will be the first permanent home for the club, which currently plays at Bury FC's ground.
FC have a history of community sports involvement and say the share issue is intended to stiumlate this further.
Here they have something in common with Sheffield FC, who also do much good at grassroots level in the community and are also eyeing a new stadium, in Heeley's Olive Grove area.
FC hopes the share issue will raise £1.5m of the total cost of the stadium, with an equal amount coming from grant funding.
The club will also raise £500,000 through donations, with £300,000 of that already raised.
FC operates under a one member one vote system, which will remain unaffected by the share issue.
The main aim of the shares is to provide investors with a social return by funding the football and community objectives of FC United, but the club's business plan also provides for potential financial returns for shareholders.
Supporters, investors and companies can support the club's development by buying £1 shares from the minimum purchase of £200 up to £20,000.
Andy Walsh, FC United general manager, said: "FC United has achieved a great deal in the five years since its foundation, despite not having a permanent home. With our own ground and community facilities we can achieve much more, making the club sustainable and fulfilling our ambition to become a beacon showing a better way for football.
"Through the community share issue we can make that happen. At a time when many clubs are in debt or in the hands of major investors, we aim to demonstrate that there is a real alternative. We want to change the way football is run and financed by putting supporters at the heart of the game.
"We are offering supporters and others the chance to be part of this exciting development and help make football history. This is a landmark opportunity to invest in a club bringing football back to the heart of its communities and leave a lasting legacy for future generations."
Friday, September 17, 2010
FC United reveal stadium plans
September 16, 2010
This is the first glimpse of the multi-million pound FC United ground planned for Newton Heath.
The £3.5m Ten Acres Lane development includes a 5,000 capacity stadium plus sports hall, all weather surface and function rooms. The club aim for it to become a crucial community resource open to the public for sport and leisure.
Plans for the development go before the council in November, but FC United are still raising the £2M needed to meet costs and are urging fans to buy into their community share scheme.
Adam Brown, board director at the club which currently plays at Bury’s Gigg Lane ground, said: "We are really excited about these plans for the new ground. The response from people living in Newton Heath has been positive."
He added: "We are already used to working with schools in the area and the summer schools we have run this year shows the potential of what can be achieved between us and the community."
The development will be sited on the council-owned Ten Acres Astro Centre which currently has an all weather pitch and sports hall.
Under plans submitted by the club, the sports hall will be refurbished while the all weather surface will be re-located to another part of the site.
A new club house will also be built with multi-use function rooms which can be hired out for private functions, meeting rooms or offices.
"Our first priority is to deliver to the community," said Mr Brown.
"We want to make sure the facilities can be used by the public as much as possible and this will also help with the running costs of the club."
In total the development will cost £3.5m, with the club having to fund £2m of that.
So far fans’ donations to a development fund have totalled £300,000 but the club hopes to reach £500,000 by offering shares in the club.
In an innovative scheme, for a minimum of £200 people can buy a community share.
At the moment that is a one-off payment but the club is looking at ways of helping people pay in instalments.
"The club is a co-operative and the community share scheme is really important for maintaining our democratic structure," said Mr Brown. "People will be able to invest in community benefits which will have a positive impact over the long term."
Each shareholder gets one vote in the way the club is run with their money held for three years.
After that they can either remove it or take an interest payment, depending on the club’s performance. The scheme will be officially launched on Tuesday, September 21 at Manchester Town Hall.
The council will add a further £650,000 while the club is hoping to get the rest of the money from corporate sponsorship and grants from Sport England and the Football Foundation.
The £3.5m Ten Acres Lane development includes a 5,000 capacity stadium plus sports hall, all weather surface and function rooms. The club aim for it to become a crucial community resource open to the public for sport and leisure.
Plans for the development go before the council in November, but FC United are still raising the £2M needed to meet costs and are urging fans to buy into their community share scheme.
Adam Brown, board director at the club which currently plays at Bury’s Gigg Lane ground, said: "We are really excited about these plans for the new ground. The response from people living in Newton Heath has been positive."
He added: "We are already used to working with schools in the area and the summer schools we have run this year shows the potential of what can be achieved between us and the community."
The development will be sited on the council-owned Ten Acres Astro Centre which currently has an all weather pitch and sports hall.
Under plans submitted by the club, the sports hall will be refurbished while the all weather surface will be re-located to another part of the site.
A new club house will also be built with multi-use function rooms which can be hired out for private functions, meeting rooms or offices.
"Our first priority is to deliver to the community," said Mr Brown.
"We want to make sure the facilities can be used by the public as much as possible and this will also help with the running costs of the club."
In total the development will cost £3.5m, with the club having to fund £2m of that.
So far fans’ donations to a development fund have totalled £300,000 but the club hopes to reach £500,000 by offering shares in the club.
In an innovative scheme, for a minimum of £200 people can buy a community share.
At the moment that is a one-off payment but the club is looking at ways of helping people pay in instalments.
"The club is a co-operative and the community share scheme is really important for maintaining our democratic structure," said Mr Brown. "People will be able to invest in community benefits which will have a positive impact over the long term."
Each shareholder gets one vote in the way the club is run with their money held for three years.
After that they can either remove it or take an interest payment, depending on the club’s performance. The scheme will be officially launched on Tuesday, September 21 at Manchester Town Hall.
The council will add a further £650,000 while the club is hoping to get the rest of the money from corporate sponsorship and grants from Sport England and the Football Foundation.
FC United’s net gains
Source: Manchester Evening News
September 16, 2010
FC United have been drawn at home to Gainsborough Trinity in the next round of the FA Cup.
The Rebel Reds progressed with 3-0 win over Radcliffe Borough on Saturday.
James Holden gave the Reds a first half lead at Gigg Lane. And two late strikes from Micky Norton, in the 77th and 87th minutes, sealed victory.
The Rebel Reds progressed with 3-0 win over Radcliffe Borough on Saturday.
James Holden gave the Reds a first half lead at Gigg Lane. And two late strikes from Micky Norton, in the 77th and 87th minutes, sealed victory.
Wednesday, September 15, 2010
Co-operatively Owned Football Club Set To Launch Community Share Offer
Source: Supporters Direct
The co-operatively owned football club was created in 2005 by several thousand disenfranchised Manchester United fans who wanted football to be brought back to the community.
It is looking to raise the estimated £3.5 million required to construct its new community stadium at Ten Acres Lane in Newton Heath from a number of sources. The Community Share scheme is targeted to raise £1.5 million of the required amount.
The scheme presents an exciting and more efficient alternative to bank borrowing. FC United is one of only ten projects being supported by Co-operatives UK and central government through the Community Share Scheme designed to enable cooperative organisations like FC United to raise finance from its communities to support expansion and development much more effectively than through traditional methods such as bank borrowing.
The club is working to ensure that the shares are eligible for the Enterprise Investment Scheme (EIS) tax relief, which means that an investor may be able to offset up to 20% of investments over £500 against income tax liability.
Only club members will be able to buy Community Shares and therefore anyone who wishes to join the scheme will first need to be a member of the club (at a current annual cost of £12.00).
It is important to note that Community Shares will not carry any additional voting rights but that all those buying into the scheme and becoming members will have a democratic say in the affairs of the club; FC United will retain its one member one vote structure.
FC United is unique at its level of English football in having the club's obligations to its fan communities and local communities written into the Club Objects.
The club was awarded Cooperative UK's Cooperative Excellence Award in 2009 for its cutting edge work with local communities.
FC United seeks to change the way that football is owned and run, putting supporters at the heart of everything. It aims to show, by example, how this can work in practice by creating a sustainable, successful, fan-owned, democratic football club that creates real and lasting benefits to its members and local communities.
The FC United board has drawn up a business plan for Ten Acres Lane, which details how the new ground will operate for the benefit of both the club and the community of Newton Heath and East Manchester. The business plan shows how the site will generate enough revenue to enable the club to reinvest in itself, extend its community work and to set aside sufficient funds to cover the cost of possible interest payments and any withdrawals from the Community Share Scheme.
Further details of the scheme will be sent out and published on the club's website www.fc-utd.co.uk closer to the launch date.
The FC United of Manchester Ten Acres Lane Community Share offer is due to be ready for publication this month.
The co-operatively owned football club was created in 2005 by several thousand disenfranchised Manchester United fans who wanted football to be brought back to the community.
It is looking to raise the estimated £3.5 million required to construct its new community stadium at Ten Acres Lane in Newton Heath from a number of sources. The Community Share scheme is targeted to raise £1.5 million of the required amount.
The scheme presents an exciting and more efficient alternative to bank borrowing. FC United is one of only ten projects being supported by Co-operatives UK and central government through the Community Share Scheme designed to enable cooperative organisations like FC United to raise finance from its communities to support expansion and development much more effectively than through traditional methods such as bank borrowing.
The club is working to ensure that the shares are eligible for the Enterprise Investment Scheme (EIS) tax relief, which means that an investor may be able to offset up to 20% of investments over £500 against income tax liability.
Only club members will be able to buy Community Shares and therefore anyone who wishes to join the scheme will first need to be a member of the club (at a current annual cost of £12.00).
It is important to note that Community Shares will not carry any additional voting rights but that all those buying into the scheme and becoming members will have a democratic say in the affairs of the club; FC United will retain its one member one vote structure.
FC United is unique at its level of English football in having the club's obligations to its fan communities and local communities written into the Club Objects.
The club was awarded Cooperative UK's Cooperative Excellence Award in 2009 for its cutting edge work with local communities.
FC United seeks to change the way that football is owned and run, putting supporters at the heart of everything. It aims to show, by example, how this can work in practice by creating a sustainable, successful, fan-owned, democratic football club that creates real and lasting benefits to its members and local communities.
The FC United board has drawn up a business plan for Ten Acres Lane, which details how the new ground will operate for the benefit of both the club and the community of Newton Heath and East Manchester. The business plan shows how the site will generate enough revenue to enable the club to reinvest in itself, extend its community work and to set aside sufficient funds to cover the cost of possible interest payments and any withdrawals from the Community Share Scheme.
Further details of the scheme will be sent out and published on the club's website www.fc-utd.co.uk closer to the launch date.
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