Rugby club Exeter Chiefs has launched a bond scheme to raise hoped-for £7.5 million to continue the development of its Sandy Park stadium.
The Aviva Premiership club is launching a bond offering a fixed 7% annual interest rate over a seven-year term, into which investors can lock in sums of between £1,000 and £4 million.
The Exeter Chiefs 2020 Bond will pay interest dividends twice yearly, which will support the 2015 Rugby World Cup venue's continued expansion as a sports arena, conference and banqueting facility.
Planned development works will see the expansion of its conference centre to include a new facility accommodating more than 1,000 delegates.
The club's west grandstand will also be extended, with car parking facilities also increased.
Exeter based firms Prydis Wealth Limited, Michelmores LLP, and corporate finance advisers Isca Ventures advised the Chiefs, as it put the offer together.
Club chairman and chief executive Tony Rowe said: "As we enter the next stage of the group's development, we hope the release of the Exeter Chiefs 2020 Bond will provide the necessary funds to enlarge and improve the facilities.
"We are very proud of what has been achieved on and off the pitch at Sandy Park over recent years and it has been a testament to all those involved."