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Results of fan vote on cash after Newcastle United owners block supporters owning share of club

4 months ago
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Last week it was revealed that the Newcastle United owners had made clear that the NUFC fans would not be allowed to buy a collective share in the football club.

With the ‘1892 Pledge Scheme’ set to be brought to an end.

With Mike Ashley approaching 14 years in control of the club, NUST set up the 1892 Pledge Scheme to raise cash from supporters, in the hope that if the club was ever sold, new Newcastle United owners would allow pledge money to be used to buy a collective stake in NUFC, no matter how small.

However, in an email to members on 12 January 2022, NUST have said that following informal talks with the new Newcastle United owners, the pledge scheme needed to be brought to a close and the cash raised so far (over £200,000) be distributed to charities, so long as the NUST members vote in agreement.

The result of that vote has now been revealed (see below).

NUST sending an email to members on Monday (17 January 2022) morning, to say that 87% of votes had been in favour of bringing the scheme to an end.

A foregone conclusion really, with no chance of fans being able to buy a share of Newcastle United and the good news is that charities are now set to benefit, with over £200,000 to be distributed.

With the consortium, it was always very difficult to envisage how exactly a share of the club was going to be allowed for the fans and so it has proved.

NUST (Newcastle United Supporters Trust) Official Announcement – 17 January 2022:

‘NUST Member Vote Result: 1892 Pledge Scheme

Voting closed for Members on the vote regarding the future of the 1892 Pledge Scheme on Friday 14th January at 17.00.

The Trust can reveal that Members voted resoundingly to agree with the Board and Gaurdian’s decision to end the Scheme with 87% of eligible votes cast in favour of ending the Scheme.

Members have endorsed the decisions of both the 1892 Pledge Guardians and Trust Board to end the Scheme. As of 21.00 on 16th January 2022 all active subscriptions were cancelled for the Pledge Scheme and the Trust no longer collects money for the Scheme.

The Trust Board working together with the Pledge Guardians will begin the process in the coming weeks and months to distribute the money raised to charities based in the North East of England. The process will be thorough to ensure all money goes to those in need and that it is donated with a clear purpose in mind. Members will be consulted along the way and encouraged to help shape the process of charity selection and we will share more details of how this will take place in due course.

The Trust Board would like to thank Members for their support and their passion for the 1892 Pledge Scheme. We tried to do something unique for the benefit of Newcastle United and we have raised a huge sum between us that will benefit this part of the world and that means so much to us.

Thank you. We can’t wait to get to work and get your money into our community with your help and your approval.’

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