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Fans group still hopes to buy into Reds.

UP to 50,000 Reds fans have now pledged to invest in the club in a bid to give supporters a voice within Liverpool FC.

Campaigners behind the ShareLFC scheme today said they were on the verge of launching a new drive asking fans to register a commitment to stump up pounds 500 each to raise pounds 50m to buy a minority stake in the club If that stage is to be reached, 100,000 expressions of genuine interest would be needed to "bring the group to the table", claimed head of the project Rogan Taylor.

Last checks pointed to 16,000 people declaring an interest in investing, but according to Mr Taylor, that figure has almost tripled in a year.

The director of the Football Industry Group at the University of Liverpool told the ECHO: "The solution has always been staring Hicks and Gillett in the face - sell to the fans.

"The aim is to get pounds 50m.

That initially gets you to the table. We think that's achievable as Liverpool has a base of 6m fans.

"This club is sailing very close to the wind in terms of ceasing to exist. But Liverpool is a hell of a good business which turns over pounds 200m a year. Fans have to make their minds up that nobody will give you money for nothing."

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APPEAL: Rogan Taylor
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Title Annotation:Sport
Publication:Liverpool Echo (Liverpool, England)
Date:Oct 8, 2010
Words:229
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