29 Sep 2010Liverpool football fans move towards investment

Football Clubs News | Football Supporters News

A group of Liverpool football fans has taken a step towards buying a stake in the Merseyside club, after teaming up with a local credit union to create an investment vehicle.

According to the Guardian, Spirit of Shankly-ShareLiverpoolFC has joined forces with the Partners Credit Union to form a "safe house" for supporters to save their money in, with the eventual aim of purchasing a share in Liverpool.

"If you have 100,000 people all contributing £500, you can have £50 million," said Tracy Fletcher of Partners Credit Union. "Some credit unions have 15,000 to 20,000 members, this could be much bigger."

Although membership of the union is currently restricted to those living and working on Merseyside, fans are understood to be confident that an impending change in regulations will allow followers from across the world to participate.

Spirit of Shankly has been influential in organising dissent against owners George Gillett and Tom Hicks, with a sit-in protest staged after last weekend's fixture with Sunderland.

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Written by Paul Roberts

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