FC United of Manchester have raised £2million from a community share issue to help fund the building of their new ground.
The club had originally planned to raise £750,000 when shares were first issued to them back in 2011 but have had to revise their total twice since due to the popularity of the club with fans.
FC United of Manchester fans could argue that they are the real fans of Manchester United as they are the ones that protested to United being taken over by Malcolm Glazer and his family in 2005.
The 'real' fans
They detested the takeover so much and actually did something about it, rather than waving green and yellow scarves at Old Trafford, and decided to form their own club for the 'true' fans.
The club have been promoted three times in the ten years since their formation and are now fighting it out for the top spot in the Northern Premier league, which is the seventh tier of English football. There is some way to go before they can rival their former club but this funding will go a long way to help them progress.
General manager Andy Walsh said: This is one of the largest amounts ever raised by football supporters.”
The club need the funding to go towards their £6.3million project to build a new stadium and community facility in Moston. The project is due to be completed in March next year.
"Some people have invested more than £500 although we are not talking anyone with megabucks”
The massive amount of funding has come from 1,522 people according to a spokesman, with most of them investing £500 or less which meant the club were able to gain an extra £3m in grant funding.
He said: "Some people have invested more than £500 although we are not talking anyone with megabucks.”
Board member Adam Brown said, even though their share scheme is now closed they are “still looking to raise funds to bridge gaps and improve the new ground”.
He also said that using community shares is a preferable way of raising funds.
He added: “It is a preferable way of raising finance to borrowing from banks and more sustainable than relying on wealthy individuals.
“Our example has already inspired other clubs such as Wrexham and Portsmouth, showing that there is a better way for football.”
That echoes their views when they were associated with Manchester United in 2005 as they felt that the way that the Glazer’s used the club’s money was wrong and were unhappy because they felt the takeover put the club heavily in debt.
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