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Debenture (sport) : ウィキペディア英語版 | Debenture (sport)
In sport, a debenture is defined as a certificate of agreement of loans which is given under the company's stamp and carries an undertaking that the debenture holder will get a fixed return (fixed on the basis of interest rates) and the principal amount whenever the debenture matures. 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. The term stems from the financial concept of a debenture. 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. == Royal Albert Hall ==
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. The debentures can be passed on or sold, and the tickets to individual events can be resold if the debenture holder does not wish to attend.〔(For sale: The Albert Hall box with a £1.2m view ) Daily Mail, 3 June 2008〕
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