A new web-site – Save Newcastle.com has been started only last week, and its goal is to have the Newcastle fans own the Newcastle United Football club.
The latest plans for the fans buying Newcastle is to get a total of 300,000 fans to put £1K into the investment fund. That will give them £300M, which should be enough to buy out Ashley, once he stops being greedy in wanting £481M.
Peter Lee, a spokesman for the movement said yesterday:
“Newcastle Fans United are a team of consultants supported by top sports lawyer, Mel Goldberg. We seek to create a *Socio” owned club, similar to FC Barcelona. We urge all Newcastle fans and all supporters of football around the World to get behind the bid.”
“The fans’ group savenewcastle.com supports our bid. Register your interest with them. We urge Kevin Keegan, Alan Shearer and ALL fans to get behind the bid, NOW!”
Here is the Vision of the site, as put out on the web-site:
We propose a fan owned non profit company that would reinvest all profits earned back into the club. That means every pound you spend on the club will be reinvest back into the team. The club would be run by a board of directors elected by supporters who purchased shares in the non profit company. These directors would face regular rotation and reelection. An oversight committee of 50 elected members would also keep close eye on the direction and finances of the club. Only the position of chairman of the board would be a paid position.
Initially the non profit company would be split into 5 million shares. 3 million of those shares will be sold for £100 a piece to raise £300 million for the purchase of the club. This money will be temporarily held by a third party bank and will be used to buy the club from its current owners. If we are able to successfully purchase the club the remaining shares will be sold at an increased price over the next several years to raise funds for improvements to the club on and off the pitch.
This proposal will not only have the same short term benefits of being bought out by a “benevolent” billionaire, but would also create the long term stability Newcastle United has lacked for so long.
At the very least take a look at the site here, because there’s some very good and well thought out items on the site. The people in charge of this have put something together very quickly, and it’s very impressive.
If this effort can move quickly there is a good chance it can succeed, because if any supporters deserve to own their club, it’s the Geordies, that’s for sure.
We wanted to ensure all readers of our site knew about the effort and the good work being done by some of our fans, who are willing to take a leadership position in this terrible mess the club finds itself in.
We applaud them – and support them 100% in this.
Comments very welcome.