Accrington Stanley has announced its intention to issue shares and expand the ownership of the club.
Following the change in ownership a few months ago, and following changes to the governance of the company, Accrington Stanley Football Club wants to accept more people onto its share register as it aims to build a more secure future.
The club is currently majority-owned by entities directly and indirectly controlled by club chairman Ilyas Khan.
The issuance of equity will not only provide the club with precious capital, but also enhance its aspirations to be owned more widely across the community, and operated more professionally.
In this context, the shares will be available to individuals, businesses and organisations who wish to have a stake in one of football’s most famous names, and each share will entitle the holder to one vote at future Annual General Meetings.
There will be no restrictions on the amount of shares or percentage of the club that can be owned through the shares, and all directors will be elected in accordance with the club’s constitution and with the transparency that our times both demand and dictate.
Ilyas Khan said: "It is now time to broaden ownership of the club to help secure and invest in our future success. We will be offering the opportunity to share the ownership of one of English football’s best loved and historic clubs.
"Shareholders will be making a direct contribution to the future of Accrington Stanley as we strengthen our ties between the club, the community and our supporters around the world as well as in time, building much needed new facilities.
"The share issue is further progress towards a constructive, positive and forward looking organisation, true to the commitments made to change both our governance and ownership."
Full details including the basis upon which the shares will be issued, and information on how to apply, will be released shortly after the club’s AGM which is planned for 29 July 2011.