Invest in the Wanderers Bond

A bond is a form of borrowing by a company seeking to raise funds from investors. The company that issues a bond promises to pay interest to each investor in the relevant bond periodically until the date when the relevant bond becomes repayable (usually on the specified maturity date, although a bond may also become repayable early in certain circumstances), at which time the company also promises to repay the amount borrowed.

The Wanderers Bond is being offered in order to finance key projects with an effcient mix of financing consistent with a sustainable capital structure, while increasing the involvement of supporters and investors in the Club and sharing in the rewards of future success.

Funds raised will be directed to support the Club’s mission to compete in the EFL Championship, including investments in improving the sporting and commercial capabilities of Bolton Wanderers FC. Funds raised will be invested in the development of revenue generating facilities at the University of Bolton Stadium, improving the fan experience and making sporting enhancements.

Yes. All successful Applicants will receive a Bond Certificate online which they can print.

The Issuer reserves the absolute discretion as to whether to accept your Application for Bonds in whole or in part (subject to a minimum amount of £500 per Application). Applications will be reviewed on a first-come, first-served basis.

No, the Bonds will not when issued be rated by any credit rating agency. The Issuer currently does not have any intention of applying for a credit rating from any credit rating agency.

Any Bonds held by you would form part of your estate and title to them would initially be held by your executors or administrators of your estate. Your executors or administrators would hold the Bonds until transferring the title of the relevant Bonds to the intended beneficiary by sending the Issuer and Registrar an executed transfer in a form reasonably acceptable to the Issuer and the Registrar.

On the basis of an issue price of the Bonds of 100% of their principal amount, the initial yield (being the interest received from the Bonds expressed as a percentage of their principal amount) is 8.5% (gross) per annum payable in cash. Interest on the Bonds accrues from day to day and is payable in one instalment on the anniversary of the bond issue date each year.

A one-off cash bonus equal to 10% of your investment will be payable if the Club, during the term of the Wanderers Bond, competes in the EFL Championship (through promotion of by retaining Championship status), as part of any season from the 2024/25 season onwards. The Championship Bonus will be paid, once only, on or before 30 September in the season it is earned.

As Bolton Wanderers FC will compete in the League One play-offs of the 2022/23 season, and noting the anticipated play-off timeline, it is important investors do not wait to see the results of the Club's play-off campaign before making their investment decision. Therefore the Championship Bonus will be payable upon the Club competing, within the lifetime of the Bond, in the EFL Championship (through promotion from League One or by retaining Championship status having been promoted through the play-offs in season 2022/23) from the 2024/25 season onwards.

Yes. The Wanderers Bonds can be held in a Tifosy IFISA, meaning that for eligible investors, any interest paid on the Wanderers Bonds is earned tax-free. If you would like to set up a Tifosy IFISA, please visit www.tifosy.com/ifisa.

No, the Bonds are not convertible into shares and as a Bondholder you do not have any ownership interest in the Issuer. It is an unsecured loan for a fixed period, paying a fixed rate of interest.

The minimum amount of Bonds for which you can apply is £500. You can, subject to availability, apply for as many Bonds as you wish, in increments of £500.

The Bonds have a fixed term of five years. You should expect to hold your Bonds for the five-year term but you should be aware that the Club may also repay the Bonds early at any point after one year.

You will receive 100% of your investment amount together with all accrued and unpaid interest up to the repayment day. For avoidance of doubt, the repayment day is excluded from the calculation of the interest amount owed to you.

At the end of the five-year term the Issuer will repay your Wanderers Bonds in full. The Issuer will communicate to you in advance when you should expect to receive your investment back together with all interest due to you. You can also sell your holding of Wanderers Bonds via the Tifosy Exchange. As the Wanderers Bonds will not be listed on a premium exchange, it may be difficult to find a buyer or seller and you should not assume that you will be able to sell your Wanderers Bonds easily or at the price you paid for them.

Wanderers Bonds are transferable, but they will not be listed on a premium exchange. Through the Tifosy Exchange, you will have the opportunity to express an interest to buy and sell the Wanderers Bonds during specified trading cycles. The Tifosy Exchange acts as noticeboard, allowing you to express an interest to buy or sell Wanderers Bonds and then agree the final transfer details with the other party. All of your investments can be tracked through your Tifosy portfolio. It is important to note that it may be difficult to find a buyer or seller and you should not assume that you will be able to sell your Bonds easily or at the price you paid for them.

Tifosy will charge a £25 administration fee in respect of any trade registered on the Tifosy Exchange. This administration fee will be deducted from the Tifosy Wallet of the seller following successful completion of the transaction. Please note Tifosy reserves the right to review its fees and payment terms in respect of the use of the Tifosy Exchange.

No. All Bonds will be repaid in full at the end of the five year term.

Applicants must (i) be over the age of 18 at the time of making an Application; (ii) complete self-certification (i.e. selecting one of the pre-defined investor categories as defined by the Financial Conduct Authority) and (iii) correctly answer the questions in the Appropriateness Test (a requirement of the Financial Conduct Authority’s rules to ensure that you understand the nature of and risks associated with investments on the Tifosy investment platform).

Yes. When investing, simply select ‘on behalf of a company’ on the personal details step and proceed with the Application.

Payment can be submitted by debit card, by bank transfer or by funds held within your Tifosy Wallet or Tifosy Innovative Finance ISA.

You will not be able to pay for your Bonds in instalments, nor can they be topped up after the close of the investment period. All applications must be accompanied by an online debit card payment, bank transfer or Wallet/ISA payment for the full amount of Bonds applied for. The Issuer is unable to accept applications that are not accompanied by payment for the full amount of Bonds applied for.

Yes, there is a cooling-off period of 14 days, which begins on the date your completed application is received. You have the option to cancel your investment within this period, in which case your money will be returned, and no interest will be payable. After 14 days, your application will be irrevocable and cannot be terminated or rescinded by you.

Wanderers Bonds represent an investment opportunity and therefore your capital is at risk and returns cannot be guaranteed. The risks and significant considerations involved in investing are made clear at every stage of the investment process. Any decision to invest in the Wanderers Bond should be made solely on the basis of a careful review of the Offer Document which will be available at www.tifosy.com/bwfc.

No. An investment in the Wanderers Bond is not protected by the Financial Services Compensation Scheme or any other such scheme or service, including the Financial Ombudsman Service. All obligations arising out of or in connection with the Wanderers Bond will be the sole responsibility of the Issuer. If the Issuer goes out of business or becomes insolvent, you may lose some or all of your investment in the Wanderers Bond.

If you do not understand any terms of the Offer you are strongly recommended to seek the advice of an independent financial advisor. The Wanderers Bond may not be a suitable investment for everyone. If you choose to invest, your investment should only be made as part of a well-diversified portfolio. You should also obtain your own tax advice as to the consequences of owning and selling Bonds as well as receiving interest payments.

You will be investing in a specific sports club of your choosing, who will be responsible for managing your investment and paying returns.