Reds fans group aim to launch fan-ownership scheme for Liverpool FC

08 June 2010 03:47
Multimedia Background image for 'share liverpool '[LNB]The board of Liverpool fans' group ShareLiverpool FC has announced plans to launch a share issue which would enable supporters to purchase a stake in the club, further turning up the heat on unpopular Reds owners George Gillett and Tom Hicks.[LNB]The move comes hot on the heels of news that the 'Spirit of Shankly' supporters' union intends to launch a fan-ownership scheme of their own this summer, after talks of a merger between the two groups proved fruitless.[LNB]ShareLiverpool founder Rogan Taylor revealed that the group now possess the funds to underwrite the costs of organising and delivering a full share issue. [LNB]This would enable Liverpool supporters to collectively seek to purchase equity in the club, and would comply fully with the stringent rules outlined by the UK Financial Services Authority.[LNB] Taylor said:'ShareLiverpoolFC board will now look to specify a date for a share issue later this summer. This is a serious and rigorously professional undertaking and we believe our core aspiration is both desirable and deliverable. [LNB]"This is our time. It presents the best - and perhaps the only chance - of fans gaining control or at the very least a significant equity stake in the Club they love and support.'[LNB]The news represents a major step forward for ShareLiverpool, whose ultimate aim is to make Liverpool the first major UK club to be owned by its supporters.

Source: Liverpool_Echo