Maidstone United in stadium funding appeal
by Pete Hayman | 14 Jan 2011
Maidstone United Football Club (MUFC) has launched a campaign to raise funds towards a new £1.6m stadium development at James Whatman Way.
The Ryman League Premier Division club is planning to fund the project using capital from its new owners (£250,000) and the Football Foundation (£150,000). MUFC anticipates that it will source the remaining £1.2m from new investors buying shares in the club, with the closing date for the campaign at the end of April.
Shares would be offered in the ground-owning company rather than the overall business in a bid to provide investors with a "tangible asset". The development plans would see MUFC return to the Kent town for the first time in more than 20 years and would incorporate a 3G synthetic surface.
An initial capacity of 3,000 spectators is planned, with the option to extend it to 5,000. Prime Group are designing the venue and will project manage the facility.
Maidstone United Football Club (MUFC) has launched a campaign to raise funds towards a new £1.6m stadium development at James Whatman Way. The Ryman League Premier Division club is planning to fund the project using capital from its new owners (£250,000) and the Football Foundation (£150,000). MUFC anticipates that it will source the remaining £1.2m from new investors buying shares in the club, with the closing date for the campaign
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