SportBusiness.com

Liverpool fans save to buy stake in the club

The Liverpool fans’ group Spirit of Shankly-ShareLiverpoolFC has teamed up with Merseyside-based Partners Credit Union to collect money from supporters towards buying a stake in the English Premier League club.

According to UK newspaper The Guardian, regulations currently restrict membership of the Liverpool Supporters’ Credit Union to fans living and working on Merseyside.

However, legislation that may come into effect next year would allow the Spirit of Shankly tens of thousands of members worldwide to join the movement.

“If you have 100,000 people all contributing £500, you can have £50m,” said Partners Credit Union chief executive Tracy Fletcher.

“Some credit unions have 15,000 to 20,000 members, this could be much bigger.”