South Shields have announced details of a ‘£1million funding round on investment platform Seedrs,’ as the club invites supporters and businesses to become shareholders.
The Mariners, who narrowly missed out on reaching the National League North back in May, outlined plans last year to reach the EFL over the coming seasons. Chairman Geoff Thompson is seeking to push the South Tynesiders on to the next level, and he is heading this drive to bring in additional shareholder support, though the club stress that he remains fully committed to his own role.
He said: “It’s been such a remarkable journey over the last four-and-a-half years and we fully believe we are just getting started.
“Everyone at Mariners Park is highly motivated to deliver a Football League club for the people of South Tyneside. We understand it may take some time to achieve this, but that’s why this project is so important.
“Receiving investment from our fans will help us greatly in our mission to become a sustainable, thriving club on a rise up the football pyramid. I have long believed that there should be an element of fan ownership at the club and I feel this is the right time to begin that process.”