SD will be teaming up with Community Shares Wales to co-host an event to hear how community shares can help sports clubs in Wales.
The event will be hosted by Newport County at Rodney Parade, a club that managed to raise £250k in just 5 weeks through a share offer and gave the community control of the club. Guest speakers include Stuart Fuller, the Chairman of Lewes FC, who will explain how a club that was struggling financially has rebuilt itself with the co-operative model including a new 3G facility with a community share offer at its core.
The event will be held on Thursday 19th October and is free to attend, with food served from 5.30pm and the presentations due to start at 6pm.
There will be a range of attendees from across the co-operative and sporting sector with experienced practitioners and club leaders able to discuss whether this might be the right choice for your club.
We would encourage people to attend if they are involved with a sports club that is democratically run (or willing to change its structure) that is looking to develop and grow and needs to raise capital to achieve this ambition. Perhaps you have an opportunity to take on an asset or you see a business opportunity for your club.
Over the past few years over 400 community businesses have raised more than £100 million through community share offers, including 14 sports clubs who have raised almost £7 million working with SD. Although most of the share offers to date have involved football clubs this method of finance can work for any sports club, in the same way it has been successful with shops, pubs and a range of sectors.
You can find out more about community shares and sport by reading this guidance
About Community Shares Wales
Community Shares Wales is funded by the Big Lottery Fund and delivered by the Wales Co-operative Centre. It aims to raise awareness of community shares and support communities across Wales through the process of share issue, enabling them to develop local services and facilities at the heart of their communities.
You can find out more about Community Shares Wales on their website