Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Fans’ group funding crisis prompts chief executive’s resignation

Mon 13th Jun 2011 | Clubs Ownership

The board of directors of Supporters Direct held an emergency meeting at the weekend to discuss its funding crisis following a Twitter outburst by chief executive, Dave Boyle.

Supporters Direct, an Industrial & Provident Society supervised by
the Financial Services Authority for community benefit working to promote supporter ownership and involvement in the governance of professional team sports has been told they face a cut in funding follow Boyle’s comments on the social networking site.

It is understood that the Football Stadia Improvement Fund (FSIF) has rescinded the money it pledged to Supporters Direct over the next three years. Instead, it will invite individual fans' groups to apply for the funding directly. Under the last three-year funding formula, the FSIF channelled £1.8m over three years through Supporters Direct.

In an emergency session held on Saturday 11th June, the board expressed confidence in its past and continuing role in promoting the supporter trust movement – a model of football ownership that allows fans to re-engage with their local clubs.

A statement released by Supporters Direct read: “On Wednesday 8th June 2011 SD was informed by the Football Stadia Improvement Fund, administrators of the Premier League Fans' Fund, that it would not be making an offer to fund SD.”

“The reason given was the FSIF's concern over a number of tweets posted by SD chief executive on his personal account on twitter.com during the evening of Saturday 21 May 2011.

“SD has deplored the comments and disassociated itself from them completely.”

Following the emergency meeting, the board announced that they had accepted the resignation from office of chief executive Dave Boyle, who made the comments following fan owned, AFC Wimbledon’s play-off win which saw the club promoted to the football league.

Boyle’s resignation has now prompted the appointment of Brian Burgess as acting chief executive and the organisation will now establish an executive committee of the board consisting of three directors and the acting chief executive to steer the organisation during its current funding crisis.

But the organisation has some way to go to convince the Premier League to rethink its decision to withdraw its funding. Supporters Directs’ key task now is to seek early discussions with the Premier League Fans' Fund with a view to resubmitting its application which was acknowledged by the FSIF to have merit that would have attracted funding, whilst also pursuing other possibilities and sources of funding.

Commenting on the situation SD chair Dame Pauline Green said:

"The development of Supporters Direct over the past ten years has seen the trust movement grow and make a substantial contribution to a significant number of football clubs and their local communities. We have also made an impact in other sports such as rugby league.

"As an example the promotion to the Premier League of Swansea City, in which the supporters' trust is the third largest equity investor in the club with 19.99% of the shares, makes it the first club at the top level to have a substantial trust shareholding. In Scotland, Dundee FC is now under supporter ownership.

"The trust movement must now take stock and reflect on how it can most effectively contribute to the development of a healthy, more sustainable football industry at all levels.

"The Annual General Meeting and conference in Chester on 15th and 16th
July will be an opportunity for us to debate this with our members and the wider football public."

---------------------------------------------------------------------------------------------------

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE F.C. BUSINESS RSS FEED

 

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Southampton Secures Chinese Investment Partners

Mon 14th Aug 2017 | Clubs Ownership

Southampton Football Club has announced the formal conclusion of talks which will see Chinese businessman Mr Jisheng Gao take a stake in the Premier League club. In a letter to fans issued on Monday...

Altrincham FC Seek New Investment

Thu 13th Jul 2017 | Clubs Ownership

At a recent Extraordinary General Meeting, the shareholders of Altrincham Football Club passed a series of motions which will now allow the club to bring in new investors. A new controlling share in...

Hartlepool United Announced Club Restructure

Wed 28th Jun 2017 | Clubs Ownership

Hartlepool United Chairman, Pam Duxbury has announced the first phase of the club’s restructure following relegation to the National League and subsequent resignation of Gary Coxall. Coxall...

Chinese company 5USport buy stake in Northampton Town

Mon 26th Jun 2017 | Clubs Ownership

Northampton Town Football Club have announced a new partnership with 5USport, a Sports Development and Education Company based in Guangzhou, China. As part of this partnership and following approval...