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Platini welcomes Labour's fans 'Right-to-Buy' plans

Tue 30th Mar 2010 | Clubs Ownership

Michel Platini, the President of UEFA has given his backing to planned government proposals that would give supporters a stake in their clubs, as the Conservatives revealed they were working on their own proposals to reform the game and give fans more of a voice.

Labour are reported to be formulating concrete plans to allow supporters' trusts to own up to 25% of their clubs and to introduce a "change of control" clause that would give fans a window in which to buy them out.

Platini, who is expected to stay on as UEFA President for four more years welcomed the move as he plans to see his Financial Fair Play stategy implemented across European football. . "Personally, I think it is a great idea ... that the supporters invest in a club because they at the end of the day defend the club's identity," Platini said. "They are always there. They are always watching the games."

Platini said the decision over who can buy a club and how should be made by national governments, adding that he liked the Spanish system where, for example, Barcelona and Real Madrid are owned by fan groups known as socios.

The Premier League is understood to be relaxed about the proposals, despite the private anger of some clubs, believing that the more radical ideas will founder on the practicalities of company and insolvency law.

Additionally, No 10 is believed to be keen to stress that its proposals do not amount to it siding with Platini in the debate over the game's future regulatory and financial structure.

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