Syme
Well-Known Member
LIVINGSTON have launched a share issue to help tide them over through the coronavirus crisis.
The Lions have been inundated with offers of help so rather than accept cash donations, have decided to allow supporters, sponsors and advertisers the chance to buy a stake in the club.
Fans can buy into the scheme for as little as £20 a month, with their final total at the end of May being converted into equity.
Livi, whose striker Lyndon Dykes has held talks with both Scotland boss Steve Clarke and his Aussie equivalent Graham Arnold over his future, said: “The club would like to put on record it’s thanks to a number of our fans, sponsors and advertisers, who have been in touch over the recent days and weeks to pledge their support and enquire as to how they can help to financially aid the club at this uncertain time.
“This has been hugely appreciated!
“Given these offers, coupled with the obvious issue of no gate money coming into the club, we have been working hard behind the scenes to put in place a way of giving the fans and sponsors, who are in the position to do so, an opportunity to contribute financially to the club whilst receiving something meaningful in return.
To that end we have created an opportunity for fans and sponsors to establish a standing order to the club for an amount decided by them (starting from £20 per month) which will help the club through the coming uncertain months.
“All donations made by the end of May 2021 will be accumulated and allocated to the individual as shares in the football club to the same value of payments made in that time.
“The share certificates will be issued in June 2021 and will acknowledge the support the bearer has given to the club at this difficult time.
The shares can also be redeemed by the bearer (based on a minimum standing order payment of £20 every month from April 2020 to May 2021) against hospitality in our Ferranti Suite for a Category A game in the 2021/22 season. This can also be redeemed for Sponsors Tables or Match Ball Sponsorship where appropriate.
“We feel that these options mean that fans who are able to offer us support at this time, will also have the chance to be recognised and rewarded when we come through this difficult period.
“All monies generated from this will go straight towards the operating costs of the club and will support the day to day running over the coming months.
“We fully appreciate that many of our fans will have their own finances to consider and evaluate over the coming days and weeks, so this may not be something for you at this stage.
“However, we wanted to open that door for those who have been in touch offering to help whilst making sure that the gesture was reciprocated at a future date.”
The Lions have been inundated with offers of help so rather than accept cash donations, have decided to allow supporters, sponsors and advertisers the chance to buy a stake in the club.
Fans can buy into the scheme for as little as £20 a month, with their final total at the end of May being converted into equity.
Livi, whose striker Lyndon Dykes has held talks with both Scotland boss Steve Clarke and his Aussie equivalent Graham Arnold over his future, said: “The club would like to put on record it’s thanks to a number of our fans, sponsors and advertisers, who have been in touch over the recent days and weeks to pledge their support and enquire as to how they can help to financially aid the club at this uncertain time.
“This has been hugely appreciated!
“Given these offers, coupled with the obvious issue of no gate money coming into the club, we have been working hard behind the scenes to put in place a way of giving the fans and sponsors, who are in the position to do so, an opportunity to contribute financially to the club whilst receiving something meaningful in return.
To that end we have created an opportunity for fans and sponsors to establish a standing order to the club for an amount decided by them (starting from £20 per month) which will help the club through the coming uncertain months.
“All donations made by the end of May 2021 will be accumulated and allocated to the individual as shares in the football club to the same value of payments made in that time.
“The share certificates will be issued in June 2021 and will acknowledge the support the bearer has given to the club at this difficult time.
The shares can also be redeemed by the bearer (based on a minimum standing order payment of £20 every month from April 2020 to May 2021) against hospitality in our Ferranti Suite for a Category A game in the 2021/22 season. This can also be redeemed for Sponsors Tables or Match Ball Sponsorship where appropriate.
“We feel that these options mean that fans who are able to offer us support at this time, will also have the chance to be recognised and rewarded when we come through this difficult period.
“All monies generated from this will go straight towards the operating costs of the club and will support the day to day running over the coming months.
“We fully appreciate that many of our fans will have their own finances to consider and evaluate over the coming days and weeks, so this may not be something for you at this stage.
“However, we wanted to open that door for those who have been in touch offering to help whilst making sure that the gesture was reciprocated at a future date.”