Debenture (sport)

The terms may also include ancillary benefits such as an option to buy tickets at a favourable price, as well as or instead of interest.

A large number of sporting organisations have issued debentures to raise money, to allow their fans to gain a financial stake in the club, to foster a sense of community, and in some cases to fund new construction.

An early example of debenture holders having rights to seats at venues was the Royal Albert Hall in London, where about 1,200 of the hall's 5,500 seats were provided on 999-year leases when it opened in 1871 to help finance its construction costs, allowing access to most of its music, sporting and other events, subject to an annual service charge.

[citation needed] The organisers of the Wimbledon Tennis Championships, The All England Club, issue their debenture holders a ticket for each day of the tournament.

A rugby debenture is somewhat different as, in the most part, no money in the form of interest is returned to the lender but the rights to obtain tickets for a seat in that ground.