OASF was formed in 2003, after previous Latics owner Chris Moore left the club in financial dire straits.
It was officially launched as Trust Oldham at a meeting in the Rochdale Road End stand at Boundary Park was formed to save the club from liquidation.
The Trust's first fundraising event was a match between the Millennium Allstars and the Wembley Wizards which saw former Latics players take to the Boundary Park pitch.
A change in policy has resulted in the representative on the Board at Oldham Athletic Football Club not being the chair, to avoid conflicts of interest.
After the election in 2020, the new Board comprehensively reviewed their strategy given Oldham Athletic's increasingly precarious position.
[citation needed] OASF held "A Question of Latics" event[2] in March 2009 at the Playhouse 2[3] in Shaw.
OASF currently has four patrons: Andy Ritchie, Jimmy Frizzell, David Eyres and Joe Royle[5] and thirteen directors.