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.
Google
Yahoo
Live
del.icio
DiggRelated Articles
Ebbsfleet United Appoint New Chairman
Wed 23rd May 2012 | Clubs Ownership
MyFootballclub have announced today that Jessica McQueen has been appointed as Chairman of Ebbsfleet United Football Club for the coming year following a member vote. Jessica, a member of...
Liverpool fans call for end to 'chaos'
Tue 22nd May 2012 | Clubs Ownership
Liverpool owners have been challenged to publicly explain their strategy for the club by a leading fans group. Spirit of Shankly, who led the protests against the despised former regime of Tom Hicks...
Premier League rule out Rovers investigation
Thu 10th May 2012 | Clubs Ownership
The Premier League have dismissed an MP's calls for an investigation into Venky's takeover of relegated Blackburn Rovers. And the Premier League say they are confident the club will remain financially...
Rangers Administrators Announce Preferred Bidder
Thu 3rd May 2012 | Clubs Ownership
Rangers Administrators Duff & Phelps have announced Bill Miller as the preferred bidder for the Scottish Premier League side. Paul Clark, joint administrator announced the American...
