Liverpool Supporters Union, the Spirit of Shankly have announced today plans to begin a supporters ownership scheme, with the view to owning initially a portion of the club.
The news comes with the announcement that Share Liverpool, a separate organisation hoping to establish supporters ownership of the club, rejected SOS’ offer to merge the two groups.
A statement from SOS read:
Unfortunately Share Liverpool have rejected a merger which has left the Union with no alternative but to put into place a contingency plan that we have been working on for some time.
This plan involves the creation and launch of a credit union scheme to collect payments from supporters to establish a fund for the purchase of a stake in the Club. It will allow for members to make monthly payments to reach the starting point of £500 per supporter.
The statement went on to say that the scheme will be launched this summer. More details can be found here.
It is understood that both groups will now continue with their plans to form supporters ownership separately, although the club could be sold in its entirety by American owners Tom Hicks and George Gillett before supporters funding has been reached.