Newcastle Supporters' Trust to donate funds for shares plan to local charity: Safeguard scheme no longer needed | OneFootball

The Newcastle United Supporters' Trust say they'll donate their 'safeguard' fund to local charities.

Chronicle Live says the Newcastle West End Foodbank, The Newcastle United Foundation and The Sir Bobby Robson Foundation will share a pot of £200,000 raised by the Trust's members as part of the now defunct 1892 Pledge Scheme.

The scheme was set up in April 2021 with the aim of buying a stake in Newcastle United. Several members signed up to a monthly donation knowing that if the aim of buying shares in the club did not become a reality, the money would be donated to selected charities.

The sale of the club to the Saudi-led consortium in October 2021, as the Trust notes meant 'there was no longer the requirement for this Trust to collect funds in an attempt to safeguard the future of Newcastle United.' The pledge shut down in January 2022 and since then members of the NUST plus the 'guardians' entrusted to look after the funds - including Toon legend Warren Barton - have been working to choose which charities would become beneficiaries.