Full story here... (http://news.bbc.co.uk/1/hi/business/7217238.stm)

The basic idea is to get 100,000 Liverpool fans to stump up £500,000,000 (£5,000 each) and take control of the club in the same way that Barcelona is run.

I'd love to see it happen, I really would.

And then what happens if Mr Russian Oil magnate offers each of the members 10,000 for their 5,000 stake?

And then what happens if Mr Russian Oil magnate offers each of the members 10,000 for their 5,000 stake?

Depends how much they're serious fans, and how much they're investors. Nobody's ever been able to produce an offer big enough to tempt Barcelona shareholders, nor those of the Green Bay Packers, which work on a similar basis.

that will see a few hubcaps go missing in Liverpool to sell on raise the cash

And then what happens if Mr Russian Oil magnate offers each of the members 10,000 for their 5,000 stake?

Clubs like Barca have managed to stave off takeover. Besides, what's stopping a billionaire buying them now?

Nottingham Forest was a members owned club when they won their two European Cups I believe?

If teh fans took over they wouldn't be in it for profit and all funds after wages such as tv and Champions League money would get spent on players or new stadia. Would be a great move but I can't see it happening.

Do any of these businessmen ever actually get a profit from the club? It seems to me that all top clubs run at a huge loss and are "a rich man's hobby".

I would have thought Arsenal make quite a profit, they hardly spend much in comparison to others when it comes to transfers. They fill Ashburton Grove every other week and fisish well in the Premiership

http://www.sportbusiness.com/news/158243/arsenal-profits-top-19million
English Premier League club Arsenal recorded a pre-tax profit of £19.3million ($35.5million) in the last financial year.



The club, which is in its last season at Highbury before moving to a new stadium in north London, maintained football turnover at £115.1million despite a fall in broadcasting income.

Arsenal spent more than £94million on its new Emirates Stadium and the move is expected to increase match-day income by about £20million a season.