The club are delighted to announce that it has secured a large investment that will in turn increase the value of the football club.
Just over 18 months ago, the newly formed Wakefield AFC began to arrange its shares issue and offered a large percentage of the club to potential investors. The response was most helpful to our growth, especially through these difficult COVID times, and we now have almost 70 individuals or companies who collectively own part of the club. For our existing shareholders, we do of course hope that you continue with your interest in our journey and look forward to you having open communication with our club.
Most recently, after excellent national and international press coverage, the club succeeded in signing a deal with a large investment company that sought an exciting and organic relationship with our fledgling club.
So successful that it has effectively doubled the value of the equity in the football club.
Whilst there remains about 10% of the club shares still available, the input from our partners has been such that it ties the club into various commitments on valuation in the future. Effectively this is excellent news for existing shareholders, but it does mean that from today all “A” new shares will now be issued at a rate of £10 per share.
Chairman Chris Turner said, “Wakefield AFC’s future lies with our investors, shareholders, sponsors and supporters. I would like to thank everyone who has, since our launch, invested in our project. Exciting plans are currently being put into place for the club’s future and without outside investment it would not be possible. Our aim is for the City of Wakefield to become proud of its new established football club.”
To invest in the future of football in Wakefield, click here