Football sold bonds for the first time
Zdroj: Economic Daily, Vladimir TravnicekThe English club raised from their fans around 700000 euro that will be used for the stadium reconstruction. (....) According to Reuters, the owner of the Division Two club Stevenage FC Phil Wallace sold club´s bonds to the fans as the first in history. He used a crowdfunding platform via internet. Stevenage inteds to use the funds for the modernisation and increase of the stadium´s capacity (at present around 7000). „I consider this way of raising capital as suitable especially for smaller clubs. We will hear about the bonds more often in the future,“ Jozef Tokos, sports analyst and football intermediary said to the Economic Daily.
(...) „There is a certain risk with the bonds that a business company, the football club in this case, will not able to pay off the bonds because of the bankruptcy, a radical decrease of revenues or other reasons,“ reminds Tokos. (...) „There is a strong link with the fans who want to invest the money in their beloved club. They go ahead with the project, because they trust the club,“ explains Tokos. (...)
