Norwich City FC launches ‘mini-bond’ for fans to fund £3.5m youth academy | attractionsmanagement.com news
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Norwich City FC launches ‘mini-bond’ for fans to fund £3.5m youth academy
POSTED 13 Mar 2018 . BY Tom Walker
Norwich City Football Club (NCFC) has launched a £3.5m Canaries mini-bond to fund a new high-performance Academy – giving supporters the chance to directly invest in the club’s future.

The money raised by the five-year bond, which has a maximum £5m threshold, will be ring-fenced to ensure it is invested in facilities at the club’s training ground in Colney.

NCFC’s managing director Steve Stone said the initiative is part of a long-term strategy to produce more home-grown players and to build a sustainable future for the club.

The bond – which is being made available through the crowdfunding platform Tifosy – will pay 5 per cent gross interest annually, with an additional 3 per cent gross in club credit.

Investors will also be paid a one-off 25 per cent bonus if the club is promoted during the lifetime of the bond. The minimum subscription is £500 with no upper limit.

Steve Stone said: “Developing the Academy is a vital part of our long-term strategy and will secure your youth set up the Elite Player Performance Plan (EPPP) Category 1 status into the foreseeable future.

“We have a firm commitment to produce more young talent to play for our first team and this work is an essential part of this.”

Tifosy – co-founded by former Chelsea and Italy star Gianluca Vialli and CEO Fausto Zanetton – has completed a number of funding drives for English football clubs. To read an interview with Gianluca Vialli and his plans for Tifosy click here for Sports Management Issue 4, 2015.
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Jobs . News . Products . Magazine
NEWS
Norwich City FC launches ‘mini-bond’ for fans to fund £3.5m youth academy
POSTED 13 Mar 2018 . BY Tom Walker
Norwich City Football Club (NCFC) has launched a £3.5m Canaries mini-bond to fund a new high-performance Academy – giving supporters the chance to directly invest in the club’s future.

The money raised by the five-year bond, which has a maximum £5m threshold, will be ring-fenced to ensure it is invested in facilities at the club’s training ground in Colney.

NCFC’s managing director Steve Stone said the initiative is part of a long-term strategy to produce more home-grown players and to build a sustainable future for the club.

The bond – which is being made available through the crowdfunding platform Tifosy – will pay 5 per cent gross interest annually, with an additional 3 per cent gross in club credit.

Investors will also be paid a one-off 25 per cent bonus if the club is promoted during the lifetime of the bond. The minimum subscription is £500 with no upper limit.

Steve Stone said: “Developing the Academy is a vital part of our long-term strategy and will secure your youth set up the Elite Player Performance Plan (EPPP) Category 1 status into the foreseeable future.

“We have a firm commitment to produce more young talent to play for our first team and this work is an essential part of this.”

Tifosy – co-founded by former Chelsea and Italy star Gianluca Vialli and CEO Fausto Zanetton – has completed a number of funding drives for English football clubs. To read an interview with Gianluca Vialli and his plans for Tifosy click here for Sports Management Issue 4, 2015.
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Diversity was among the topics up for discussion at this year's MuseumNext conference in London, with Shaz Hussain, assistant curator at the London Science Museum, telling delegates not "deflect responsibility" on the issue.
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National Geographic has teamed up with augmented reality provider Aryzon to create the world's first open air planetarium, using AR to project images into the night sky for a unique stargazing experience.
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The Disney/Fox merger is back on, after Fox accepted a larger Disney offer days after Comcast attempted to hijack the deal.
+ More news   
LATEST JOBS
Groups Sales and Marketing Executive
Royal Horticultural Society
Salary: Circa £25k depending on experience
Job location: Wisley, Woking, UK
Head of Commercial Operations
The Silverstone Experience
Salary: £50,000- 55,000 pro-rata per annum + benefits
Job location: Northamptonshire, UK
Chief Operating Officer
Brooklands Museum Trust Ltd
Salary: £60,000
Job location: Weybridge, Surrey, UK
Commercial Leisure Manager - Coastal Attractions
Denbighshire County Council
Salary: £41,846 — £44,697 (plus up to £8,000 relocation allowance)
Job location: Rhyl, UK
Theming Production Manager
Merlin Entertainments Group
Salary: Competitive
Job location: Staffordshire, UK
Fastrack and VIP Team Leader
Thorpe Park Resort
Salary: Competitive
Job location: Chertsey, UK
+ More jobs  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2018

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