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Accrington Stanley to raise £1 million for new stadium

Accrington are looking at the viability of a new £6m stadium near the Hyndburn Sports Centre in Church which would be available from the start of the 2014-15 season.

The club have stated the objective to become a community based club owned by supporters. Accrington are to release 9,999 shares over the next two years, which fans will be able to purchase at £100 each. The shares, which will give voting rights to owners, are expected to make-up around 80 per cent of the equity of the club.

Chairman Ilyas Khan, who is currently the largest shareholder, said the share issue would allow the club to grow, potentially raise funds for a new ground and nurture even stronger links with fans.

He said: “Accrington is one of England’s best-loved and most historic footballing towns.

"It was one of the 12 founders of the football league in 1888 and has phenomenal support worldwide.

“To own a share in Stanley is to own a piece of real football history.

The first shares will be issued on Friday, October 21 at the club’s home game against Cheltenham Town.

Players wage costs at Stanley were reported to be around £1.2million per year with the club operating at a loss of £400,000 per year.


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