Sky Bet Championship: Norwich City FC launch a £3.5m bond in order to create an academy

"Norwich City is launching a £3.5m Canaries mini-bond to build a state-of-the-art academy, giving supporters the chance to invest in the Club’s future," announced the Championship club on 08/03/2018.

"Investing in the academy is part of a long-term strategy to produce more home-grown players, building a sustainable future for the Club while continuing to develop a first-team squad capable of being promoted and then remaining in the Premier League. The money raised by the five-year bond, which has a maximum £5m threshold, will be ring-fenced to ensure it is invested in facilities at Colney, maintaining the academy’s Category 1 status and enabling the Club to attract the best young players in the region and beyond," said the Canaries.

"The Club’s vision is to become an established Premier League club, driven by its proud, passionate community, and long-term supporters are being given an opportunity to pre-register prior to the public launch on 28/03/2018. The bond will pay 5% gross interest annually, with an additional 3% gross in club credit, and investors will be paid a one-off 25…