Archive for tag: Yes We Can.

NUST – Your club needs you?

November 25th, 2009 | 122 Comments |

Yes, you!
Yes, you!
I’m sort of loathe to detracting from onfield matters because after another hard-fought win, we’re once again top of the pile. But the NUST has been very busy off the pitch lately and they and their intentions have been fairly well-documented and discussed lately.

Having said that, much of the talk has been based on conjecture because the details still aren’t entirely clear although it seems there has been more clarity in recent weeks. Even though that has led to condemnation from some.

While many are attracted by the notion of a voice on the board, they are still sceptical about how it could work and now that NUST has gone on record to say they intend to buy the club outright, most people are unsure how this will work. Others have dismissed it as a non-starter, while still others have implied it is almost an immoral and reprehensible step to take which should be dropped immediately.

Well, Peter Williams has written to us to inform us that he is the new blog liaison for NUST. As many details still appear sketchy and there are still certainly more questions than answers, he has told us that he will be more than willing to answer any questions you may have about the Trust or the “Yes We Can” campaign. He has also offered to send us any relevant press releases and rumours if we’re interested. And wants to know if we would be interested in supporting the Trust in the “Yes We Can” campaign. (more…)

Are you the next Mike Ashley?

November 11th, 2009 | 121 Comments |

Fan ownership campaign starts
Fan ownership campaign starts
The Newcastle United Supporters Trust (NUST) has launched its ‘Yes We Can’ campaign, which aims to raise enough funds to finance a fan buy out of the club.

The NUST’s plan, which has been dubbed ‘Barcelona on the Tyne’ by the financial community, aims to democratise the club and ensure that the ‘current situation at Newcastle United does not repeat itself’ (NUST’s words).

Fans will be able to invest in the club via a number of ‘financial opportunities’ and the money will be held in Escrow by local solicitors to provide proof of funds to Mike Ashley.

Fan ownership is of course popular on the continent, perhaps most notably at places like Barcelona and Real Madrid. At Barcelona fans pay £139/year to acquire ‘socio status’ and for that you get the right to buy the best season tickets and take part in the club’s decision-making process. There are about 172,000 ‘socios’ whose fees raise approximately £24m/year before selling any season tickets, television rights, merchandise etc. (more…)

Fan buy-out schemes make a comeback.

October 4th, 2009 | 8 Comments |

Derek Llambias
Llambias: no. NUST: Yes We Can
Ever since Mike Ashley first put Newcastle United up for sale there have been rumours of various fan buy-out schemes for the club. The latest of them was probably that Graham Roberts nonsense, which I took a particular dislike to and refused to waste electrons on. However, it seems that the results of the Keegan tribunal have prompted a second stream of enthusiasm for these schemes.

The Newcastle United Supporters Trust is launching on Wednesday 7th October at the Newcastle Civic Centre and it claims to have £20m in pledges with which it hopes to buy a stake in the club.

The NUST is also backing the ‘Yes We Can’ campaign, which has the support of City financial institutions and has used new pensions legislation to entice 483 x £20,000 of investment (nearly £10m) and has a further 202 members committed to signing up.

Neil Mitchell, Chair of NUST, said:

Realistically, we’re looking to buy a stake in the club, though we don’t think buying it outright is unrealistic in the long term. With the takeovers at an impasse, we’re looking to raise funds to help a new buyer. We want to give supporters a voice, something they’ve not had in the past.” (more…)