Quote:
Originally Posted by Alan Attack
Raising a bond is one thing. Raising actual capital is something entirely different. 99% of supporters are happy enough (or can only afford) to pay for admission and not tens of thousands owning a fraction of the club.
It wouldn’t have gone down well in my household if I’d said was going to get a loan for (say) £50k to help buy Wrexham. I might’ve been sitting pretty with the student flats but that’s not the point.
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We've got a core of around 5k of very loyal supports, selling shares at £100 each raises half a million. Also absolutely no guarantees that bond would ever be payed back either.
'Proper fans' as some WST members put it would've remortgaged their homes anyway