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Crewe Alex fans hit fundraising target to secure stake in the club

Crewe Alexandra supporters are celebrating after raising £250,000 in three months – enough to secure a stake in the club.

Led by the Railwaymen Supporters’ Society, Crewe Alexandra’s principle supporter group, fans have managed to raise the £250,000 needed, via community shares, to buy one-seventh of the club.

That target was reached this week and the club’s current major shareholder Norman Hassall has now signed the required contracts allowing the sale of his shares, which will be sold to fans and six other major investors.

“The fact we have raised this money in just over three months is truly outstanding,” said Railwaymen chair Mark Beavan.

“It goes without saying that this has only been possible because of the incredible supporters we represent.”

The structure of the sale will ensure that no single investor owns more than 12.5% of the Gresty Road club.

Mark said: “Over 400 individuals, from all walks of life, have subscribed for community shares, which will now enable us to subscribe for our own shares in the new look Crewe Alexandra.

“I would like to thank every single one of you, for backing our ambition to not only support a community-led football club, but to be an active part of it.”

Fans were offered two packages to buy into the community shares as part of ‘Project 250’ – one at £250 and one at £1,000 with the option to invest further. However, the Railwaymen insist that supporters won’t be able to buy more influence and the process will remain democratic.

The FSA’s EFL network manager Deborah Dilworth said: “We congratulate the Railwaymen on the successful completion of their community share offer. They now join a growing number of supporter groups that own a stake in their football club.

“We commend them and Crewe supporters for raising the money in such a short period of time and look forward to continuing to support them in their work to give a voice to Crewe Alex supporters as part owners of their club.

“I would ask any supporter group or club official who wishes to find out more about how the FSA can help with community shares at their club to get in touch.”

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