United aim to boost income through new share issue

Ballymena United chairman John Taggart.
Ballymena United chairman John Taggart.

Ballymena United are extending an invitation to supporters and businesses to come on board as members of the club as it embarks on a Share Issue commencing in April 2016.

A number of shares are available to purchase at a cost of 50p per share (minimum purchase 200 shares). This is open to existing shareholders to increase their percentage stake in the club and for new shareholders to invest for the first time.

As the Showgrounds club begins a new era, under the leadership of David Jeffrey, it is looking at various ways to raise the income to increase the manager’s budget.

Chairman John Taggart explains: “we have already seen an increased interest from fans and businesses to support the club through sponsorship and we feel that the time is right to offer this out as a means to boost the manager’s funds ahead of next season.

“Fundraising projects, such as the share issue, are important because not only do they go directly into a pot for the manager to sign players, but the salary cap is worked out as a percentage of income across two seasons. Therefore, money raised now will have a positive impact for the next two years.

“The board are continually working hard to run the football club within its means whilst offering a budget that works within the salary cap, and the only way to raise both is to generate new income streams that allow us to do that.”

As well as increasing the managers working budget, shareholders will also receive a share certificate as confirmation of their investment, as well as an annual invitation to the club’s AGM.

Shares can be purchased by downloading and completing the form on www.ballymenaunitedfc.com or from the development committee club shop at either of the final two homes games, and returned, along with payment, either by hand to any director of Ballymena United, or by post to: Emma Colgan, BUFC Share Issue, The Showgrounds, Warden Street, Ballymena, BT43 7DR.