Questions & Answers
A FULL Q&A IS AVAILABLE IN THE KEY DOCUMENTS SECTION. IT IS ESSENTIAL THAT YOU READ ALL DOCUMENTATION IN FULL BEFORE MAKING AN INVESTMENT.
Why do we need to build the North Stand?
The North Stand project will bring many benefits to Stevenage FC, from both the playing and commercial points of view. Here are the key ones:
-
The new stand will provide much-improved accommodation for home fans behind the goal, to match what away supporters have in the South Stand. Specifically, there will be much-needed improved provision for disabled supporters.
-
The stand will finally complete our transition from Conference side to EFL club in the eyes of potential sponsors and commercial partners, helping us to increase revenues through these important sources.
-
Likewise, an upgraded, attractive stadium is a signal of our ambition and will help us to attract better players to the club, just as our outstanding academy and training facilities play that role today.
-
Following the completion of Phase 1, the club will be in a position to develop the commercial opportunities presented by the space behind the stand.
What exactly will be built with the funds if they are raised?
The first phase of the North Stand project will comprise supporter seating (c. 1,600 seats), stairs, concourses, entrance ways and all necessary safety features. It will also include toilet facilities and some food & drink provision. The approximate cost to complete these works is £950,000. Of this money, £450,000 has been secured already in the form of a grant from the Football Foundation. The intention is to raise the remaining £500,000 through the Stevenage FC Bond issuance.
Can anyone invest?
To invest on Tifosy you must be over 18 years old and legally entitled to invest. Investors must be resident in the United Kingdom or a country where you may legally receive financial promotions of the nature provided by Tifosy, and are legally entitled to invest in the type of investments offered. Tifosy does not advertise investment opportunities to people in the United States, Canada, Australia, Japan or any other country where it would be unlawful for our campaigns to be advertised. Investors must not register or view campaigns if they are resident in these countries.
What is a mini bond?
A mini-bond is an innovative and effective way for UK privately owned companies to raise funds from a non-institutional audience (e.g. general public). Mini-bonds are typically issued at a fixed interest rate over a set period of time (e.g. 5 years). The investor is repaid through interest payments at regular intervals, until the maturity of the bond at which point the initial investment (principal) is repaid.
How many Stevenage FC bonds can I apply for?
The minimum amount of Stevenage FC Bonds for which you can apply is £500. You can apply for a maximum amount of £25,000.
What if I can't pay £500, but still want to be involved in the project?
The minimum investment amount for a bond to be cost-effective is £500. Sums below £500 can be donated to the Club directly. If donating under £500, donors will not receive a Stevenage FC Bond or any interest return, but if giving £175 or more, the donor's name will be included in the Founders Plaque on the North Stand. Please email stevenagefc@tifosy.com to receive instructions on how to make a donation by bank transfer or cheque.
How much is being raised?
The target is to raise £500,000 by the issue of the Stevenage FC Bond. In order to satisfy demand up to £600,000 of Stevenage FC Bonds in total may be issued.
When can I invest until?
The application period will be open until 1pm (UK time) on 15th September. However, if the demand is very high and applications for £600,000 come before that date, the application period may close early.
What happens if we don't reach the £500,000 target?
Should the campaign raise more than the minimum threshold of £300,000 but not hit the target, the Club will need to look into further funding options but has nevertheless undertaken to continue with the construction of Phase 1 of the North Stand.
What do I need to do before deciding whether to invest?
You should read the documentation in full, including the Invitation Document, the Bond Instrument document, and the Q&A document, and make sure you fully understand the risks involved. Click "Invest Now" to submit an application through the Stevenage FC page on the Tifosy platform.
What will you do with my personal information?
Tifosy has secure systems in place to safeguard financial information. Tifosy will only use your financial information in order to facilitate interest payments or repayment of principal. No other third party will have access to this information.
