Northampton Saints Rugby Club offer shares

A Northamptonshire rugby club is offering fans the chance to buy 500,000 shares to raise money for a new stand.

Northampton Saints, based at Franklin's Gardens, have released the shares previously held by trustees of the club.

The shares are being sold for £1, with fans having to buy a minimum of 250.

The proceeds of the sale are to be used for the initial construction of a new North Stand to increase seating capacity from 12,000 to 15,000.

The club's chief executive Allan Robson said it gave fans a chance to feel more involved in the club.

He said: "This is about people who really want to feel as if they own part of the club, they will get a certificate that they can hang on their wall and also know that they are helping the club to move forward."

The Saints recently signed a deal with supermarket company Asda to help fund the expansion project.

The club said if all the planning applications went through then building work could begin in 2014.

Northampton Saints became a public limited company in 2000.

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