This weekend marks the one-year anniversary of the launch of the Wycombe Wanderers share scheme.
Almost 300 Wycombe Wanderers supporters have contributed over £700,000 into their club’s share scheme as the initiative reaches the first anniversary since the launch of a five-year goal to raise £2million in investments.
Devised by Wycombe Wanderers Trust with a view to injecting working capital into the club and improving the attraction of its Adams Park home as an attraction, the share scheme has banked £365,000 in its first year with a further £345,000 pledged over the next four years.
The success of the scheme so far has been evidenced in the purchase of shockwave therapy equipment which accelerated the return the side of captain Paul Hayes, whose spell on the sidelines with an Achilles problem was shortened following specialist treatment which was funded by the supporters. Hayes celebrated with a last-minute equaliser in the 1-1 draw with Carlisle United in his first game back, dedicating the goal to those supporters who had made an investment into the programme.
Funds from the scheme were also allocated to the purchase of highly-rated midfielder Michael Harriman in January of this year, while the share scheme also enabled the purchase of replacement seats which maximised the number of tickets which could be snapped up by supporters for the sold-out FA Cup meeting with Aston Villa.
Investors can claim tax relief of up to 30% if they live in the UK and can sign up to the scheme by collecting application forms from Adams Park - or downloading them online – and returning them to the Trust.
Nigel Kingston, the Trust director responsible for the share scheme, said: “The share scheme has helped to raise the profile of the club in the football community, in the Wycombe area and amongst our supporters, both near and far.
“To have more than 290 people already invested in the scheme is an amazing achievement, and without a doubt the scheme has gone some way to helping the club in its objective of achieving financial stability.
“There’s still a long way to go to reach our target of £2million over five years, and we will be continuing to do what we can to raise awareness and encourage more people to contribute. We have over 2,000 season ticket holders and over 1,000 members of the Trust, and we invite each of them to invest what they can.
“It’s your club and the future of Wycombe Wanderers will definitely be brighter with the more funds that come in. I’d like to say a big thank you to all those who have put their money into the share scheme and here’s hoping that by the scheme’s second birthday, we’ll be much closer to our £2million target.”