MichaelCCFC
New Member
If a new owner comes in will they be any better than ones over last 10-15 years or do we get serious about fan-led ownership like at Swansea and Pompey?
i think at this stage we can only hope
Fan led ownership will only work if it is a democratic ownership and not self appointed as appears to be the case with the leaders of the trust
sam66 - the Trust is an independent, democratic and legally constituted body. Membership is open to all and the Board members are elected by the membership which takes place at the AGM, last one being last July. I think there is some confusion that people are self-appointed but they're not - they are democratically elected.
If a new owner comes in will they be any better than ones over last 10-15 years or do we get serious about fan-led ownership like at Swansea and Pompey?
i would be happy with a owner that is honest even if it is not what the fans want to hear, I Just want to concentrate on the football not all the crap and mud slinging we have endured for the last 10 years and more
swansea is only fan led becos 75 per cent of the clubs owned by very rich fans!
If a new owner comes in will they be any better than ones over last 10-15 years or do we get serious about fan-led ownership like at Swansea and Pompey?
What happened at swans was when they were in mess like us fans formed a trust and then brought in local businessmen who had some money but weren't mega wealthy. Essentially they were a group of friends who shared the same vision. So it has certainly been fan-led, and is one particular model. At pompey, the current position is the trust will have a 51-60% stake and co-investors (again local business people not a mega wealthy individual) have the rest. that's a different approach and we could of course have our own coventry model.
ok, but as quoted to me yesterday - they do not represent the fans of ccfc, only the members of the trust
We are talking about ownership by the fans of ccfc
swansea is not trust owned tho its some very rich fans who fund it a bit like if elliott was very rich indeed martin morgan alone has a worth of over £40mil
swansea is not trust owned tho its some very rich fans who fund it a bit like if elliott was very rich indeed martin morgan alone has a worth of over £40mil
Ownership through a supporters Trust is a legally constitued process. I am not sure what a model of general ownership by fans would be and how it would work.
That's the success story they have built but that's not how it started when they were in the same position as we are now. To get things moving in the right direction was fan-led at the swans (have a look at the history page on the swans trust website it gives all the background info)
Larry, as I understand it Martin Morgan was not 100% sure about investing in the club but the trust spoke to him and spoke about the trusts vision for the club, how they saw community involvement and how the trust would help support that to sustain a core future fan base etc so it's not all about money.
Michael, can I say one thing. I think you come across really well on the tele.
it could be linked to season ticket holders
to me - that is more of a commitment to the club, than somebody who pays £1
i think at this stage we can only hope
Fan led ownership will only work if it is a democratic ownership and not self appointed as appears to be the case with the leaders of the trust
No it's not trust ownership, but we would have a say and stake in our club.without his money he wudnt be there id assume your happy to have trust own 20 per cent elliot own 20 per cent hoofman own 20 per cent an find a couple of rich fans for the rest if so then grand but that ant trust ownership
Cheers, Torch! when we spoke to pompey trust on saturday what struck me was how they got to a point of saying could fans actually do any worse than all these rich investors (and at pompey they even bought some short term success before it all collapsed, unlike us!) we have a welathy finnish-american owner and were made great promises and had high hopes and end up in the high court. Will, for example, a new american millionaire be any different to the usual platitudes and broken promises. Pompey fans have raised something over £2m and that will be the biggest cash injection ever into the club because previous wealthy owners did everything as loans of one sort or another. Much of that probably applies to ccfc and having had 2 days in the high court getting ever more bemused and ever more angry about what is happening to our club i seriously wonder how fan-led ownership could make things any worse - and it might just make things better
without his money he wudnt be there id assume your happy to have trust own 20 per cent elliot own 20 per cent hoofman own 20 per cent an find a couple of rich fans for the rest if so then grand but that ant trust ownership
My pleasure. I know you were in court and all that, but I'm pleased you weren't wearing a City top! You know how cynical I am and you made sense to me, so I'm sure you do to a lot of people who were watching you, not just City fans.
No it's not trust ownership, but we would have a say and stake in our club.
Steady on Torch, he won't be about to get his head through the door for the next trust meeting
At this point the club isn't even for sale so all this is hypothetical and I'm nt fixed on trying to achieve model A or model B etc. I started off a skeptic but am now wholly convinced of the principle of fan-led ownership. Given the ccfc position, the stadium, surrounding land, different parties' interests, regeneration issues etc I tend to think we will need our own 'Coventry model' of fan led ownership. This ain't easy and the court stuff has left me bemused and angry. So I am grateful for all the responses and ideas in this thread. I've got to get off here now but will try and pick things up and respond to any further points tonight. cheers!
got no prob with having a steak but didnt fans have that before sisu an they were pressured to sing over there shares it werent thru the trust but fans cud own shares
cudnt you do it so fans cud own shares on condition they nominate the trust as proxy to vote on things gives fans a personal steak but the trust get the say
fan led ownership dont work tho if a club wants to move on it worked for wimbledon they had no club an now theyve reached there limit exeter got lucky with a cup drawer and reached there limit other clubs lick notts county just ran out of cash it works for firefightin lick pompey but not if a club wants to move upward so shud always be a last resort
Absolutely Larry! As Michael pointed out, maybe we need a "Coventry model" individual fans, small business, local bigger business proxy votes to the Trust who vote for what the fans want. Open and transparent, it could just work! We just need an opportunity and lots of hard work..
Must remind Barca fans to get out now if they want to move on now they have finished their firefighting
the fans usual want the club to spend money it ant got tho
the old model was a rights issue but it needs sumwon to underwrite it id buy shares in the club meself given the option id also join the trust if they cud raise the guarantees to underwrite it as long as they gave the option to fans to buy individual like first
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