Quote Originally Posted by jdfc View Post
What are people’s thought on the new group looking to raise money for the club ?

Looking at it with an open mind, it looks good on paper, but my opinion thoughts go back to DFCSS and the money raised by them, like most people, I thought all money raised was going straight to the club without guns being put to heads, years on and money we all helped raise is sitting in a bank account, how can we be sure the same thing won’t happen
This type of fundraising by football fans for their club is nothing new.
There is the AberDNA scheme where the money raised each year goes into the manager’s playing budget. This scheme raises £900k per annum.
Ayr United AU500 scheme where again the money raised annually goes into the manager’s playing budget. According to the Ayr United FC website £40k was raised during the 2018-19 season whilst they hoped to raise £50k during the 2019-20 season.
Motherwell raise about £200k per annum through the Well Trust and the money raised goes directly to working capital. (Source Companies House). The Well Trust have a majority shareholding in Motherwell Football Club Limited.
The Foundation of Hearts raises money each year to pay back Ann Budge and they also contributed to the cost of the new main stand at Tynecastle.