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Article: Albion launch share issue to help raise funds ; Plymouth Albion are planning a new share issue in a bid to raise at least pounds500,000.
- Article from:
- Western Morning News, The Plymouth (UK)
- Article date:
- July 30, 2008
- Author:
CopyrightCopyright 2008 Western Morning News, The Plymouth (UK). Provided by ProQuest LLC. (Hide copyright information)
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Plymouth Albion are planning a new share issue in a bid to
raise at least pounds500,000.
The National Division One club have spent in excess of
pounds1.4 million on ground improvements at Brickfields in the
last 12 months. And the club say that repayment commitments could
have an 'adverse impact' on funds available for the team.
Therefore, in a bid to generate extra revenue, which will help
the club with their long-term aim of gaining promotion to the
Guinness Premiership, Albion are proposing a share issue.
Information packs are being sent out to sponsors, members and
supporters this week.
A statement in the share issue proposal read: "For a number of
reasons, the costs ...