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The Bees United Loan Capital Fund (Loan Notes) PDF Print E-mail
Sunday, 28 January 2007

Launched in February 2002, the Bees United Loan Capital Fund is a key part of our fundraising efforts. Open only to Bees  United members (including corporate members), we are issuing  Loan Notes, the proceeds of which will be used to invest in Brentford Football Club, either through the acquisition of its share capital or the provision of secured loan finance, or a combination of both.

In the hope of raising the maximum amount of funds, the minimum level of subscription to the Loan Note scheme is £1,000; larger subscriptions (in multiples of £1,000) are also of course very welcome.

While £1,000 is the minimum figure, we hope that many fans will contribute more than this to the Loan Fund. The best incentive, of course, is the more you contribute the bigger investment we, the fans, can have in our football club. If you can afford to contribute more than £1,000, we urge you to do so.

Loan for a loan scheme

If you do not have the funds immediately available, why not consider the Loan for a Loan scheme from The Co-Operative Bank. Alternatively you can club together with others to raise £1,000, although only one person can be registered as the Loan Noteholder.

Funds raised from the issue of Loan Notes will initially be held in a separate bank account until opportunities to invest in the Club become available. Such investment will only be made if a majority of Loan Note holders approve in general meeting.

For the purposes of this meeting, a Noteholder will have one vote for a holding of £1,000 or more Loan Notes; two votes for a holding of £5,000 or more; three votes for a holding of £10,000 or more; four votes for a holding of £50,000 or more; or five votes for a holding of £100,000 or more. It should be noted that no interest will be paid on the Loan Notes. Once the funds generated by the Loan Fund  scheme have been invested in Brentford Football Club, there will be procedures whereby the Loans can be repaid in future. However, the number that can be redeemed will be severely limited and will be dependent on the Society having sufficient funds to do so.

In any event, the Society will never be obliged to repay any Loans. If we go ahead and invest in the Club, the likelihood is that you will be unable to get your investment back, at least for the foreseeable future.

A copy of the terms and conditions will be sent to each loan note subscriber, together with their Loan Note certificate.

The Loan Note Scheme has raised £134,000 up to January 2006 and continues to provide essential funding support to the club.

Download Loan Notes Form (Acrobat PDF)

The full terms and conditions of The Bees United Loan Capital fund can be downloaded here

 
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