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The Iron Trust is raising money to purchase shares in Scunthorpe United Football Club via a Share Builder scheme.
The Share Builder scheme enables fans to donate money to the Trust towards a target of £25,000, which will be converted into 1250 shares. This will add to the Trust’s current level of shareholding.
The Trust is delighted to confirm that SUFC have pledged £25,000 worth of shares to the Trust after a joint negotiation and have agreed a partnership to promote and support this initiative. The Share Builder scheme will run until the end of November.
Chair and co-owner of Scunthorpe United, Michelle Harness said: “Following a number of positive and constructive meetings with the Iron Trust over recent weeks, I am pleased to have received a pledge from the Iron Trust to purchase £25,000 of my shareholding at the club, of which the payment for these share will go into club funds. We wish them success with this scheme over the next couple of months and will assist the Iron Trust in the promotion of this until its conclusion.”
The Trust wrote to members on 24 July to canvass opinion on the Share Builder initiative, to which the Trust received strong support.
Therefore, the Trust agreed with the Scunthorpe United board a target of £25,000 worth of shares to be raised by the end of November was an advantageous outcome for all parties. Hence the agreement by members of the Iron Trust board who met on 20 August and choose Gofundme as the platform to use for fundraising.
The Iron Trust Share Builder scheme is open to all fans of Scunthorpe United, whether you are a member or not, and all businesses and parties who support SUFC.
The deadline set for the Share Builder scheme is Sunday 30 November 2025.
Clarification on share allocation
Shares purchased by the Trust from monies raised by this Share Builder will come from Michelle Harness's share holding.
At the end of this initiative, all shares purchased will be owned exclusively by the Iron Trust.
#UnitedWeStand #TrustInTheTrust #IRON #UTI
About the Iron Trust
The Iron Trust was formed in April 2012, with the backing of the football club, an open meeting was held at Glanford Park in December 2011 at which participants voted for the formation of the Trust. Members have been able to join since July 2012.
A supporters trust is a democratic not-for-profit organisation of supporters, committed to strengthening the decision-making process at a club. It is legally registered and regulated by the Financial Conduct Authority (FCA), and can hold assets like a company can. The Trust is also an affiliate member of the Football Supporters Association (FSA).
What does the Trust do?
We have worked hard to ensure Scunthorpe United Football Club focus on fan-friendly policies. We a hold regular meetings with the board of directors and senior club staff, putting forward the views of our members on how the club is run.
We purchase shares in Scunthorpe United Football Club on behalf of our members (currently 600 shares), enabling us to attend general shareholder meetings to represent them. We invite members to put questions to the board, and will report back to members on the response.
As of the start of the 2024/25 season the Trust has:
- More than 1,200 current members
- Owns £12,000 worth of shares in Scunthorpe United club
- Donated thousands of pounds to local charitable causes
Who runs the trust?
The board holds regular meetings. Any member of the Trust is eligible to stand for the board.
Is the Trust a democratic organisation?
The Trust is open and transparent. It is regulated by the FCA and provides audited annual accounts. Any members can put themselves forward to be elected to the board. We believe fans are moral owners of clubs, and a trust could ensure they are also legal owners.
Hero image credit: @Dhaswellphotouk
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