The Newcastle United Supporters Trust (NUST) launched a fund on Thursday to purchase a stake within the Premier League outfit if proprietor Mike Ashley sells.
Newcastle’s proposed 300 million kilos ($412.47 million)takeover by a Saudi Arabian-backed consortium collapsed final 12 months after the group declined unbiased arbitration.
Newcastle is seventeenth within the English top-flight with 29 factors, three factors above the relegation zone with eight video games left.
The NUST’s fund, known as “The 1892 Pledge”, urges followers to donate something over 1 pound.
“The Trust is raising money so that if Newcastle United is relegated under Mike Ashley (again) and fails to win promotion back to the Premier League (or worse suffers another relegation) … we are ready to save the club if it needs saving,” learn the NUST assertion.
The fund has 4 trustees, together with former Newcastle and England defender Warren Barton and a member of parliament Ian Mearns.
“It is the supporters that make Newcastle United valuable. It is me and you. We are the asset that the owner of the club seeks to make millions in profit from,” the assertion added.
“The 1892 Pledge Scheme seeks to allow us to represent ourselves when the club is sold. We are Newcastle United. This club is our club.”