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.
Leave your comments on our blog: Football – A Political Agenda
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...