I have been thinking for a while about this idea, it is a good idea, but it is relying on a huge amount of people getting overdrafts, I know for one its not that easy to get an overdraft anymore
I have come up with another idea, if we can get a consortium formed, bring in some rich whales who can put up the money to buy the club, we can then go to RBS and put an offer in for the club. Once we have gained control, we can have a share issue to raise enough money to pay any debts of. The rich whales can have a larger state than the fans, but the fans would then be able to have a say what happens with the club. All this putting money into a credit union is abuit frightening to me, as who looks after it and what is there stopping people taking advantage.
I think a consortium buying the club, then putting a shares scheme together would be a better option.
Any thoughts?
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