Wednesday, 18 November 2009
Fans Should Buy West Ham
I can't claim credit for this idea, it came from a poster on the Org who, subsequently, has been banned. I thought I would bring it to a wider audience.
The proposal is simple. To raise the £100m necessary, 50,000 fans need to chip in £2,000 each to buy a single share in the club. 49% of the club is then given, free of charge, to an investor willing to commit a net £20m a year to purchasing players for each of the next 5 years, whilst funding the day to day running of the club.
How would the fans find 2k to buy their stake? Well on mortgage, this would cost no more than £8 per month! £8 a month to own a stake in the club and to save that club from imminent demise? I'm in!
And who would take the 49% stake? Well Sullivan seems to have something similar in mind and I'm sure there are wealthier investors than him who would be prepared to commit!
Pie in the sky? Well better pie in the sky than the piss in the wind that all the other offers seem to amount to!
Posted by Hammersfan at 17:19