Events

How Football Fans Can Own their Club: The Progressive Transfer of Shares and Directorships to Supporters’ Trusts

How Football Fans Can Own their Club: The Progressive Transfer of Shares and Directorships to Supporters’ Trusts

A seminar at the Clore Management Centre,
Birkbeck,
University of London,
25-27 Torrington Square,
London WC1E 7HX

Thursday 28th November 2002

Synopsis

A seminar on how a Supporters’ Trust can successfully achieve a substantial stake in its football club and open up the possibility of eventual outright control will be given by Alan Steel, Chair of CCUIST, the Carlise United Supporters’ Trust. CCUIST was launched in May 2001 in the teeth of almost hysterical opposition from the then owners of the club – ‘Kill CCUIST not the Club’ was the title of a page on the official club website. Now, some 18 months later, CCUIST has more than 1,000 members (and rising), and £100,000 in the Bank with a further £30,000 pledged and coming through in regular monthly donations. CCUIST has achieved a change of ownership at the Club, have been offered 49% of the shares (20% immediately) and a controlling interest when the current owner moves on. CCUIST is currently conducting the election for its first director on the Board of Carlisle United.

Recent events following the demise of ITV Digital have demonstrated that smaller Football League Clubs can no longer survive using traditional forms of funding. Many are currently in administration. For a secure future they need to organise themselves differently and find other sources of finance. A great deal of the success of CCUIST can be put down to the ability of the Trust to harness and organise the financial resources of its members and other supporters. Alan’s seminar will highlight the range of skills and attributes that Trusts will require if they are to successfully tap into the huge financial resource represented by their membership and become involved in the running of their clubs.

The seminar is primarily aimed at Supporters’ Trust representatives who are looking to establish a shareholding in their clubs and directorships for their representatives – with the long term possibility of taking control. The seminar is hence probably of relevance to all Trusts. However, students of football business, academics, policy makers and professionals working within the football industry will also benefit from the talk.

Following the seminar there will be a Question and Answer session and an opportunity for Trust representatives to meet and share good practice with other supporter groups.

Programme

The Seminar will be held in Room 105, 1st Floor, The Clore Management Centre, 25-27 Torrington Square, London WC1E 7HX.

  • 15:30 Afternoon tea and coffee and networking
  • 15:45 – 16:30 Seminar
  • 16:30 – 17:00 Question and answer session

The seminar is free. To register for this seminar please contact Katie Wright at the Football Governance Research Centre on 020 7631 6740 or email k.wright@bbk.ac.uk

Copies of the handout notes will be available on request.

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