"The Memery Crystal corporate mini-bonds team were the natural choice when it came to advising on our Cricket Bond. The team have an in-depth knowledge of the market and a proven track record in the Alternative Finance sector. We’re thrilled that so many people have been interested in playing such an important part in our Club’s history and would like to thank Memery Crystal for helping to drive this initiative forward."
Daniel Gidney, Chief Executive - Lancashire County Cricket ClubIn detail
The Lancashire County Cricket Club “Cricket Bond” is a five-year initial fixed-term bond offering 7% gross interest per annum for investments from £1,000. The interest comprises 5% payable in cash and 2% in Credit4Cricket Units. The Credit4Cricket Units can be redeemed against the Club’s international and domestic tickets and hospitality products, including food and beverage packages as well as Membership fees.
The Club raised £3.4m from its Cricket Bond, which has helped fund development of a new four-star branded hotel to replace the Old Trafford Lodge.
Amount Raised £3.4m