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FC United extend community scheme offer

 

Football Club United of Manchester is extending its community shares scheme offer which has already raised £700,000 towards the club’s new ground at Newton Heath.

As well as the £700,000 raised another £200,000 has also been pledged  with plans that extending the offer will push the total to its final target of £1.5m.

"We’re the first football club to try this approach and we’re breaking new ground on what is possible for a supporter-owned club to achieve," said FC United board member Adam Brown.

"Given this is the first time a football club has tried this approach, we are delighted with the reaction from our fan-base and the business community, ethical investors and anyone who wants to be part of pioneering a new way for football finance.

"We’ve had a fantastic response so far but we believe the appetite is still there for further investment – particularly now we’ve been granted full planning permission for our own ground, and due to the additional interest in the club off the back of our FA Cup run."

The scheme was boosted by HMRC, who reassured any investors who buy £500 of shares that they can claim 20% back against tax under the Enterprise Investment Scheme.

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