Newcastle United fans have launched a bid to own part of the club via the Newcastle United Supporters Trust if owner and chairman Mike Ashley becomes successful in selling the club.
The businessman wants to sell the St. James’ Park outfit, but a £300 million bid from Saudi Arabia’s Public Investment Fund fell through last year.
PIF, Amanda Staveley and the Reuben Brothers remain keen on buying Newcastle even if they get relegated at the end of the campaign.
Magpies fans want to have a say in major decisions made by the club going forward, and 14,000-member NUST is asking them to contribute what they can to the The 1892 Pledge.
Premier League legend Rio Ferdinand told Newcastle fans last month to ’round their money up and take over the club’ following constant criticisms of Ashley and head coach Steve Bruce, and veteran broadcaster and former Sky Sports man Richard Keys has reacted to NUST’s latest initiative thus on Twitter:
— Richard Keys (@richardajkeys) April 8, 2021
It will be interesting to see whether Newcastle fans can achieve their aim, and NUST has said that if it fails to buy a stake in the club, all of the money raised will be donated to charities based in the North East of England.
Former Toons star Warren Barton has been appointed as one of four ‘guardians’ of the fund, and fans are definitely going to pull out all the stops in their attempt to land a stake in the club.
Fans-owned football clubs are a thing in the English lower leagues, while the likes of Swansea City have their supporters as part of their minority owners.
In other news, American businessman hints at Newcastle takeover.