Fans of Bolton Wanderers have helped the club raise over £4.5m.
The League One club launched the Wanderers Bond in May with an initial target of £3.5m.
At the time, Bolton said the additional funds would be put towards player recruitment, to improve training facilities and towards advanced sports science as well as club infrastructure connectivity at the stadium, which is "long overdue".
READ MORE: Click here to sign up to the BusinessLive North West newsletter
The Wanderers Bond has a 8.5% interest per year and is fixed for five years.
There will also be a 10% bonus payed out if the club compete in the Championship from the 2024/25 season.
The bond has a minimum investment of £500 while there is no maximum.
Effectively a loan to the club, the Wanderers Bond will pay a fixed rate of interest over its term, after which the amount invested will be repaid to the bondholder.
Wanderers' chief executive Neil Hart said: "The bond scheme has been a terrific success and we would like to thank everyone who has taken the opportunity to invest and back the club in this way.
"To generate just in excess of £4.5m is an amazing level of investment and will allow us to further support the playing side of the club and carry out important infrastructure projects at the stadium and training ground.
"We will provide an update on those works in due course, as well making contact ahead of the new season with all bondholders to underline the privileges and benefits they will now receive as a result of their commitment.
"We are grateful to so many supporters and new investors for backing the club in this way and joining us on this journey, on and off the pitch, Bolton Wanderers are on."
