February 7 – The mini-bond launched by sports investment platform Tifosy for Italy’s Serie B club Frosinone, has reached its €1.5 million target.
Tifosy is an FCA authorised investment platform in the UK, the only sports specific platform in the world meeting financial regulatory criteria.
The Frosinone financing gave investors the opportunity to investment anything over €500 and in €500 increments. 371 investors enabled the target to be reached.
Investors the Frosinone Bond receive 8% interest per annum – made up of 5% cash and 3% club credit to spend on season tickets, regular tickets and merchandise each year for the duration of the bond, at the end of which they will be repaid their initial investment.
Bondholders also have their name engraved on the ‘Wall of Fame’ at Stadio Benito Stirpe and an invitation to the team Christmas dinner.
Tifosy founder and CEO Fausto Zanetton said: “Frosinone has shown other clubs a model that will completely transform the football landscape.
“Clubs and fans working together for a common goal can make a real difference to the sport we love. Clubs need to make their fans partners, not customers.
“I am proud to be involved in this historic initiative, launching the first mini bond in Italian football to help Frosinone Calcio create a home for the community.”
Frosinone will use the funds towards creating the Frosinone village, turning the Stadio Benito Stirpe into a state-of-the-art community hub including restaurants and bars to improve the matchday experience and shops, fitness and healthcare facilities for the use of the local community.
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