West Brom Fan Buy Out.

[WBA123]

My maths isn’t always my strongest suit but in essence,

1: We need 175 people willing to put in a million £ each - unlikely.

2: We need 1750 people winning to put in £100k ( 1749 if you count me as “in” ) but I accept this is probably too big an amount for that number of people.

3: We need 17,500 to each put in £10k - Maybe this is possible especially if some sort of loan could be taken out against each share?

Like I said I’m not an expert but I’m willing to kick around ideas and work with sensible people on this.

Perhaps the most logical way this would work is if you aimed to raised a few million (rather than the full amount), and then used that as a deposit and borrowed the rest against the asset of the club. In a similar way to how the Glazers bought Man United.

Then only 1k people would need to put in £10k, or 10k people could put in £1k. Or 25k people put in £400 - you get the gist..

I'm not sure whether it would be possible to get the borrowing and I imagine the interest % would be high so it wouldn't be ideal, because the club would have to pay the remaining amount off. Much in the same way as a mortgage on a house.

But at least it would be owned by fans with the best interests of the club at heart.