Another 5 million in the bank

Last updated : 18 April 2006 By Neil Andrews
PdeS
PdeS Celebrates another off-field success...
Millwall Football Club today announced that the recent initial placing and open share offer has raised almost £5 million in revenue.

The actual sum of monies raised was £4, 966, 541 and roughly £750,000 more than the minimum target set when the initial offer was made. £663,741.98 was generated by qualifying shareholders, with a further £836,258.99 worth of shares taken up by clients of Seymour Pierce Ellis.

According to a statement released by the club, the board of directors, including chairman Peter de Savary, took shares to the value of £2.2m, and an additional sum of almost £1m was raised by clients of the private investment group Nash Fitzwilliam.

It is anticipated that further investment into the club will be made in the months ahead. However, the club refused to comment on how much of the monies raised would be used to fund the club's transfer dealings over the summer.