Nearly there! Why not invest in the DFCSG community shares? (Updated Tuesday)

By Ray Simpson

Nearly there! Why not invest in the DFCSG community shares? (Updated Tuesday)

How to invest in Darlington FC and community shares explainedWhy not invest in the Darlington FC Sup...

How to invest in Darlington FC and community shares explained

Why not invest in the Darlington FC Supporters Group community shares?

There's a fundraising campaign going on to raise £43,000 for a new pitch -- and the amount raised is over the £42,000 mark in just over a week!.We just need one last push to get it over the line.

Here are more details on how to invest:

 

https://fundraising.darlingtonfcsupportersgroup.org/pitches/community-share-issue-2-pitch

 

The funds raised will then be loaned to Darlington Football Club in order to facilitate the upgrade of Blackwell Meadows. The Football Club will repay the loan and repayments will enable investors to withdraw their shares. The upgrade of facilities will unlock new revenue streams and increase the core revenue streams such that the initial loan amount can be fully repaid over a 20 year period.

In addition investors will receive interest, payable annually in shares, on their total shareholding should they wish to. This rate is set initially at 1.5% and will be reviewed annually by the DFCSG Board. If you wish to opt out of receiving interest on your shares which will benefit the Football Club, you can de-select the check box to waive interest when making your pledge.

The minimum investment is £100, but you can buy in £1 increments thereafter. For example, you cannot pledge £99 but you can pledge £101.

Shares are withdrawable after 5 years provided the DFCSG has the funds available to do so. On a set date each year an amount will be made available for investors wishing to withdraw. Should the total amount of withdrawals requested be in excess of the capital available, investors will be able to withdraw a pro-rata portion of their shareholding and will retain the remaining shares for withdrawal in a future year.

Investors can choose to withdraw a portion of their shares as long as the minimum shareholding of £100 is still held. Individual withdrawals are capped at £3,000 per year.

In order to purchase Community Shares you must be a member of DFCSG, you can sign up via Standing Order for only £2 per month, or if you prefer to pay up-front membership is currently £13 and runs until the end of August 2017. If you would like to join at the same time as submitting your pledge you can simply select the option at the end of the investment page and a representative will contact you ASAP to arrange how you would like to pay.