Motherwell sure scheme is ‘the future’

Motherwell believe their proposed community ownership scheme could be a benchmark for Scottish football.

About 300 fans attended a public meeting last night to hear the Fir Park board outline their radical vision for the future ownership of the club. Motherwell are still awaiting approval from the Financial Services Authority for their membership scheme, which will eventually control the majority shareholding donated to the club by former chairman John Boyle.

Vice-chairman Derek Weir expressed hope that £1.5million could be raised through the scheme to act as a buffer in temporary cashflow problems.

Levels of membership will start at a one-off joining fee of £300, with a £50 annual fee, with the ability to spread payments interest-free, while businesses and wealthy supporters are able to take more expensive packages. Former Motherwell striker James McFadden has agreed to become the society’s first member and a patron, with skipper Stephen Craigan the second member.

Motherwell chief executive Leeann Dempster was delighted with the “overwhelming positivity and feedback”.

She told motherwellfc.co.uk: “Many clubs turn to their fans at a time of weakness, of financial difficulty.

“We are approaching fans now at a time of strength – on and off the park. Together we can ensure a great future for Motherwell FC.

“This is a historic opportunity for the club and its supporters to really make a mark for the future.”