Fans get second full director
January 1, 2000
Bristol Rovers Supporters Club has become one of the first in the country to have two of its members made full directors of the football club.
It follows the fans handing over £50,000 at today’s (MON) home game with Bury through its successful shareholding scheme.
The money is being used to buy 100,000 football club shares under its Rights Issue bringing the total now owned by the supporters to 250,250 shares.
The Supporters Club already has one full director in Ken Masters, but the latest payment takes us over the 200,000 which triggers off their associate director David Brain being made into a full director.
Money from the scheme was used help pay the wages of Andy “Rambo” Rammell whose goals almost certainly saved Rovers from relegation two years ago and it was also used to sign Junior Agogo.
With the Supporters Club having a 10 per cent sell on clause in the Agogo transfer we were able to help the club bring in Rickie Lambert who paid them back with interest on a Tuesday night last month.
The successful money raising project was launched by the Supporters Club four years ago with the aim of buying a stake in Rovers.
There are clubs around the country who run Trusts and have representation in boardrooms, but Rovers’ Supporters Club is believed to be unique in now having two full directors.
Mr Brain, who is chairman of the share scheme, said: “It has been a magnificent achievement by our members who have shown their commitment over the four years.
“This has fulfilled one of our aims to have a major influence in the boardroom. I have felt honoured and privileged to be an associate director. Taking on a full director role will bring me more work but will give the Supporters Club an extra vote on the board.
“The £50,000 handed over today was our subscriptions we have accrued since payment was suspended in October when the football club conducted its Rights issue.’’
More than £604,490 has now been handed over to the football club since the scheme was launched, giving the Supporters Club a7.9 per cent shareholding.
Rovers’ chairman Ron Craig, said: “This has been a marvelous achievement by the Supporters Club. The scheme has cemented the relationship between the board and the fans.
“It has made a significant contribution to the financial health of the club at a difficult time, ensured financial stability and helped maintain cash flow.’’
Under the scheme, up to 40 per cent of the fans’ money handed to the football club goes on stadium improvements and maintenance, another 40 per cent on helping the football club’s budget and 20 per cent on improving the team through transfers and wages.
The scheme launched a corporate package last year at £1,200 for 12 months which has run alongside its other subscription payments which offer various match day incentives including meals at the stadium.
The scheme is made up of the Bronze option (£2.50 per week), Silver (£5), Gold (£10), Platinum £1,000 per year.
For details of the scheme contact Clare McDonagh at Pirate Leisure on (0117) 9524001.