For my part, I think animosity is overstating it. I feel that that the Trust was born on the back of money that was put into buckets to save the club at the time of administration. There was no indication at the time that it was going to the Foxes Trust and I believe it was truly the property of the newly formed club.
All the collection buckets had Foxes Trust logos on them, however the money put into buckets only represented a % of the total money raised, with membership subscriptions (along with additional donations), fund raising activities and Birch's run towards the end of the season all contributed to the £150,000 that was invested into the club as part of the consortium.
Those leading the consortium also advised any person who wanted to contribute say £1,000 (too small to an amount to be an individual consortium member) to donate that money to the Trust, on the basis that it would help save the club.
The Trust used this money to buy a stake in the new club and when it was bought out by Milan Mandaric, the Trust received a sum of money in respect of this stake.
That sum being 10% of the original investment, therefore you could say that £135,000 was used to save the club & has not returned to the Trusts bank account. When we voted to accept the Mandaric takeover knowing that the amount of money coming back to the Trust was likely to be a small %, we did take into account that many fans donated into the buckets to save the club, and that is how it has been used
I feel that the money was never theirs and they should not have benefited from it. When I raised this with the Trust at the time, I was told that they would use it for 'good works'. I'm not aware that this has ever been done. When and if these 'good works' are carried out, I feel it is wrong that the Trust should be able to gain kudos from the use of money that should not belong to them. .
So the £15,000 that came back to us, you could argue came from all kinds of sources indeed it's only around half of what Birch's run generated. In terms of potential use of those funds for good works, we do look for suitable use, and had offered to pay for the case surrounding Micky's Filbert St model, but the club were happy to pay.
Equally we could argue that the fund raising efforts of the Trust easily (excluding the buckets & Birch run) were easily in excess of the £15,000.
We have ran a Schools Literacy scheme for 3 years & funded a coach to take the pupils to a game as part of the scheme.
We have sponsored sports coverage on Takeover Radio, with the aim of attracting their younger audience to follow LCFC, prior to doing this their coverage was more Tigers based.
Currently there is another potential use under discussion, but it is too early to say if that element will go ahead or not
I object to the Trust's constant claim that they represent all fans.
We don't constantly claim this (and have now removed the old strap line from the signature on here too. However we still believe it's better to gain opinions from fans organisations who do talk to members, than talk to "guys in the street" who never set foot inside the ground.