Tuesday, March 21, 2017
By Keith Hall
This from HUST:
The 50/50 draw has raised nearly £44,000 for HFC since the creation of the club. “It’s a significant achievement”, says HUST chairman Richard Tomkins. “The 50/50 draw has been hugely successful and is the principal reason why supporters now own 100,000 shares in Hereford FC. Every £2 of 50/50 tickets purchased buys HFC supporters one share in the club.”
As a thank you for their hard work in rain and shine the HUST Board is sending all 50/50 volunteers to the forthcoming Sportsman’s Evening event next month. “It should be great night”, said Tomkins “and we hope they all thoroughly enjoy it. They certainly deserve it.”
The success of the draw established by HUST has been down to the generosity of supporters and the hard work of the team of wonderful volunteers led by Mike Langford. As a longstanding HUST board member and also one of HUST’s Football Club Directors, Mike says: “Upon the creation of HFC I led on establishing the 50/50 draw so HUST could build its shareholding and support the delivery of the successful community club voted for by 97% of HUST Members. I've been lucky to work alongside a team of dedicated ticket sellers who give up their time before every match to sell tickets. All proceeds raised through the draw are used for share purchase and go directly to the club”.
The 50/50 draw is a key part of HUST’s fundraising programme which aims to reach its share target of £289,000 needed to make the club 50% fan owned by March 2020. With the addition of new fundraising streams including the new Bulls Lotto, a planned re-launch of the Prize Bull and a number of live events HUST is currently on schedule to meet this target. The biggest contribution to HUST funds however has been provided by the 50/50.
“As the club are aware maximum share purchase is absolutely central to HUST’s ambitions” said Tomkins “and the 50/50 draw is central to our share purchase fundraising. Much is said about HFC being a community club and the co-operation between the club and Trust in the running of the 50/50 is a great example of a community club in action.”
The 50/50 draw is run by HUST and operated under the Trust’s lottery licence. Tickets are sold in and around the ground on match day with the permission of the club and HUST invests all proceeds from the 50/50 directly in the club in the form of share purchase. HUST has been handing the proceeds of the 50/50 draw over £10,000 at a time all season to swell the club coffers.
As all the proceeds from the draw are used for share purchase there is no VAT or corporation tax payable by the club on any of the money which makes it an extremely efficient method of raising funds. It is also a great way for supporters to win big prizes with over 170 winners and in excess of £40,000 given out in prize money over the last two seasons.
So, the next time you are at a game and see one of our hard working 50/50 ticket sellers please dig deep. Not only will you be in with the chance of winning a cash prize, but you will be helping Hereford fans build a successful community club and for that we are grateful to you all.