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TRUST OLDHAM INFORMATION -How was it formed


singe

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Trust Oldham was formed in 2003 when previous Latics owner Chris Moore left the club in dire financial straights.

 

Trust Oldham, which was officially launched at a meeting in the Rochdale Road End stand at Boundary Park, the Trust was formed to save the club from liquidation.

 

The first fundraising event was a match between the Millenium Allstars and the Wembley Wizards which saw former Latics players take to the Boundary Park pitch. The event raised over £100,000.

 

An American consortium made up ex Pats Simon Blitz, Danny Gazal and Simon Corney from New York took over the reigns at Boundary Park, Trust Oldham agreed to buy a 3% stake in the club for £200,000. This 3% stake gave Trust Oldham a voice on the board of directors of the football club, making it a powerful medium between the fans and the clubs.

 

Trust Oldham continues to work with Oldham Athletic and expand its horizons with new events and new fundraising ideas all to help ensure that the future of Oldham Athletic is always secure.

 

Trust Oldham has a director on the board of the football club. Many Football Trust aim to own a share in the football club they represent so they can report on the internal working with the fans and take fans ideas, suggestions and complaints to boardroom level. Trust Oldham is one of the very few Trusts in the country to own a share.

 

Source: http://trustoldham.co.uk/

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