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Falkirk: Fans launch bid to take control of club with shares plan

Falkirk: Fans launch bid to take control of club with shares plan
Falkirk followers wish to raise money that will mosey towards the having fun with price range

Falkirk are consulting supporters over the different of followers taking a controlling curiosity within the club.

The pass has the backing of the six modern fundamental shareholders and the “overwhelming give a take dangle of to of long-established followers” primarily based totally on Kenny Jamieson, who is co-ordinating the realizing.

The goal is to raise £800,000 to engage 2.4m new shares, with all of the funds to pass towards the having fun with price range.

Falkirk are within the mean time ninth within the Championship, some extent off the bottom.

They’ve been within the second tier since relegation from the Scottish Premiership in 2010.

Jamieson and fellow supporter and businessman David White mumble matching their goal would enable them to realizing the subsequent steps in higher detail, with a glimpse to serving to the club return to the halt flight.

They honestly feel the club are within the mean time too carefully reliant on their six fundamental shareholders.

What’s the proposal?

It is a two-tier one. They wish followers to commit to alter into ‘Patrons’, with a lump-sum investment of £5,000 or extra, or ‘Supporters’, with a monthly donation of on the very least £5 for as a minimum two years.

As section of a presentation, they suggest £560,000 is also raised if forty ‘Patrons’ make investments an average of £14,000.

The preliminary goal used to be to be pleased spherical 1,000 ‘Supporters’ inserting in £10 monthly over two years to raise the additional £240,000, though Jamieson instructed BBC Scotland that pledges from over 750 followers had already reached that total.

Pledges from ‘Patrons’ are at £a hundred and fifty,000, “a technique in want of the £560,000 goal”, albeit the inquire of for them used to be top probably made on Monday.

“I said on the AGM that, in 1998, ‘Wait on the Bairns’ effectively created a various future for Falkirk and that the final two decades had been the tip end result,” added Jamieson, a former industrial director on the Scottish FA.

“I seek for this as a an identical different to make a selection a various path from our modern trajectory and to create a brand new, better future.”

If the realizing proceeds, the foundation is to be pleased the brand new plan up and operating by Would possibly possibly perhaps perhaps this year.

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