Stevenage FC open doors to new investment

Newly promoted Stevenage FC have announced they are open to investment proposals after securing promotion back to League One.

Chairman Phil Wallace holds just under 95% of the issued shares and said: ''Our progress and achievements this past season have been impressive, and it's now time to open our doors to new investment to see how far we can go.

"We are fortunate that we're 20 minutes from London and have spent decades investing in our infrastructure; we have a thriving Academy, two magnificent training grounds, and a circa 8,000 capacity modern, redeveloped stadium that rocks when full.

"Any new incoming investment can now go into the Playing Budget and player acquisitions, subject to SCMP rules and approval of new investors by the EFL.

"I'm not ready to step aside yet, but after 24 years of funding the Club, it's perhaps time for me to welcome folks that are willing to invest alongside me and share my passion for the game".

Stevenage says this notice is an invitation to an individual or a consortium to make a significant investment into Stevenage FC in exchange for up to 15% of the Club initially. It is not envisaged that shares will be offered to the General Public at this time.

Interested parties should provide brief details of their interest and financial standing to [email protected].