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Birmingham Post
Birmingham Post
Business
Jon Robinson

Bolton Wanderers tap fans for £3.5m loan to help fund player recruitment

Bolton Wanderers have launched a fundraising drive to aid the likes of player recruitment which could see the club secure an extra £3.5m.

The club, who are preparing for the League One play-offs, are also looking to use the additional funds to improve training facilities and towards advanced sports science as well as club infrastructure connectivity at the stadium, which is "long overdue".

The Wanderers Bond has a 8.5% interest per year and is fixed for five years.

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There would also be a 10% bonus payed out if the club compete in the Championship from the 2024/25 season.

The bond has a minimum investment of £500 while there is no maximum.

Effectively a loan to the club, the Wanderers Bond will pay a fixed rate of interest over its term, after which the amount invested will be repaid to the bondholder.

Chair Sharon Brittan said: "With a rich history and an enviable heritage behind us, it is only right that supporters of Bolton Wanderers have a bright future to look forward to.

"In just four years, along with our incredible fans, we have made enormous strides together and have tasted success.

"On the pitch, promotion and silverware have been achieved while we are continuing to build strong and durable bridges with our community and the other institutions of our great town.

"We want to continue to be pioneers on and off the field and put innovation and supporter engagement at the forefront of everything we do.

"The Wanderers Bond will allow us to do this and to provide supporters and others who want to be part of this journey the unique opportunity to invest in Bolton Wanderers at this exciting juncture in our modern history."

Chief executive Neil Hart added: "Very simply, we want to get to the Championship and stabilise the club there.

"Funding is required to develop areas of Bolton Wanderers and achieve that key objective, and the Wanderers Bond offers a route to do that and for supporters to play a part in growing the club.

"Funds raised from the initiative will be utilised in two ways; for sporting enhancements including player recruitment, training facilities and advanced sports science, and also to improve club infrastructure in areas such as the fan zone, the ticket office and club shop, concourses, hospitality and for improving connectivity at the stadium, which is long overdue.

"As ever, we have the very best interests of the club at heart in every decision we make and we hope this bond offers a new and exciting way for supporters, and others who want to join us, to further connect with Bolton Wanderers and play an invested part in its future."

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