Fans could be given a 25% stake in clubs
Mon 29th Mar 2010 | Clubs Ownership
Labour are reported to be considering plans to give fans the right to own their clubs.
Under the radical plans unveiled last night, supporters would be given the right to purchase a club ahead of other investors should they be put up for sale. The plans also include that clubs be required to hand over a 25% stake to supporters.
Labour are believed to have been working on the radical policies for some time, recognising grassroots fury over mounting debt and mismanagement, in the Barclays Premier League especially. The move will surely delight fans of Manchester United and Liverpool who have become increasingly frustrated by their clubs American owners..
Supporters Direct, the organization which provides advice for supporters trusts, revealed last week that nearly 83 per cent of Manchester United fans and 72 per cent of Liverpool fans who expressed an opinion felt their club would be in better hands if it was owned co-operatively. Across the country 56% of fans, who gave an opinion, feel the same way according to the survey* conducted by YouGov on behalf of Co-operatives UK.
The Government could, however, face legal challenges from existing owners over the dilution of their shares, despite claiming that the policies would be for the good of the game and reflect the growing democratisation taking place in society. However, no time table has been set for introducing the plans and Labour has not said whether this would be included in the election manifesto.
The plans aim to emulate the Barcelona model, in which the supporters own shares in the club and a president is democratically voted to run the club.
Thu 23rd Mar 2017 | Clubs Ownership
Portsmouth Football Club has confirmed it’s in talks regarding a potential takeover. In a statement released by the club, they said: “Portsmouth Community Football Club would like to...
Thu 5th Jan 2017 | Clubs Ownership
Specialist Sports Law Team at Walker Morris reinforces its national reputation for football club acquisitions/sales with the latest sale of Leeds United FC. Specialist sports lawyers at Walker Morris...
Wed 4th Jan 2017 | Clubs Ownership
Aser Group Holding has completed its investment in Leeds United Football Club today. Leeds United Football Club has confirmed Aser Group Holding, through its acquisition vehicle Greenfield Investment...