Background
The trust was formed in 2003 after previous Latics owner Chris Moore left the club in financial dire straits. Trust Oldham, which was officially launched at a meeting in the Rochdale Road End stand at Boundary Park was formed to save the club from liquidation. The Trust's first fundraising event was a match between the Millennium Allstars and the Wembley Wizards which saw former Latics players take to the Boundary Park pitch. The event raised over £100,000.
After an American consortium made up of Simon Blitz, Danny Gazal and Simon Corney from New York took over the reins 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 Trusts 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.
Read more about this topic: Trust Oldham
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