New Tifosy IFISA allows fans to invest in football clubs tax-free
Peer-to-peer platform Tifosy has launched its first Innovative Finance ISA (IFISA), which will allow football fans to invest in their favourite clubs, tax free.
The platform, which was co-founded by ex-Chelsea manager Gianluca Vialli, was the first P2P platform in Europe to specialise in football club investments.
It has already raised £5m for Norwich City through a five-year bond offering, as well as raising £600,000 for Stevenage FC, allowing the club to build a new all-seater stand.
Last year, the platform launched the first ever mini-bond in Italian football, raising €1.5m (£1.33m) for Serie B club Frosinone to invest in its stadium.
The platform has also worked with Premier League football clubs such as Fulham and Crystal Palace in the past.
“Until now, investing in professional sport has largely been a hobby for billionaires,” said a company spokesperson. “Now, through Tifosy, ordinary fans and investors can invest into professional clubs for the first time.”
The new IFISA allows its so-called ‘fanfunders’ to invest anything from £1,000 to £20,000, which can either be invested in one mini-bond, or spread across a number of Tifosy’s ISA-compliant mini-bonds.
Returns are variable and depend on the project being funded, but previous mini-bonds have offered between four and eight per cent in annual interest.
Updated: Wednesday, October 31st, 2018