Nothing to stop a separate trust being set up & buying shares thus representing a different fan vision of the club. I see no issue with a fans trust being based on a no to change agenda
I missed it can you repost? Good point I never thought about that. After that little mock up conspiracy it got me thinking what would actually happen with dividends. I don't think any member of any committee should be able to recieve them, it's not fair on the rest if the supporters of the club that a special members group can recieve money from the club. Any dividends payable should be pumped in full straight back in to the club.
Fair point - but it seems a shame it would not be a one group for all fans, both from the funding that could come from more inclusion of fans and the power it would yield, representing more fans.
I agree with that, Money should go back into the club and the expansion of the club in the community of Hull
The thing is this group & resulting coop/trust is being formed out of a group with the aim of preventing/reversing any name change, why should that change, if it did it would weaken the group & make it's existence pointless
Another idea would be for any trust, rather than trying to buy block shares could facilitate individual fans to purchase shares, this might increase the numbers buying with the prospect of owning their own bit of the club as well as a potential dividend
Maybe I got the wrong end of the stick. I didn't realise the main aim of the supporters group would be about the name change. I thought CTWD were interested in generally taking the club further from a holistic point of view and working alongside the Allams. I'm not saying its impossible to do both, but feel it would be best to have 2 different entities if the latter was the target, in view of the fact that CTWD and the Allams seem (from the outside) to be struggling to work together at present. If name-change remains the only major goal of CTWD and a supporters trust - my points are essentially moot.
I am having the same trouble. Can't donate or join membership with Paypal, but can get the newsletters-problem with CTID web-site, so it says!!
To be honest it's £2. 60p of which will contribute to a £1 plastic bracelet being sent out It's not about the money
In order to have fan ownership you need to have someone chosen to represent them on the board (you can't have 20,000 people buying shares and turning up at every meeting that needs a decision voting on). To elect someone to represent them you need a group to exist, and no group is going to be truly representative. This group, other than the aim of future ownership only has a clear agenda on one issue. That issue will be resolved before any shares are handed over as either it will be decided we're not changing, or it will be so long after the change before AA allows it to happen that support for the idea of changing it back will be fading. I'm going to use committee to refer to the people running the group, and board to refer to those running the football club (they'd both really be boards, but for clarity when I'm referring to both) I believe it has been set up as a non-profit group with the committee unpaid. It's largely irrelevent though. Until the group acquired a stake in the club the committee will be required to act in a way which best enables the group to fulfill that ambition. Once owning and on the board of the club I'm pretty certain that before paying dividends the Allams (who will retain the required shareholding to control this matter) will insist on getting their loan back. It's daft to pay tax on the dividends when they could take the same amount back tax free by reducing the debt level. By the time dividends are payable by the club the nature of the group could have completely changed by the members voting for the changes so nobody right now can say what the situation will be. Personally if there were any profits I'd like to see them put into grassroots football in the area by helping fund some kids' teams. I think I've just covered that (in terms of there not being dividends), but on a seperate part of it. If the shareholders in the club chose to have a dividend, or have the club buy back their shares* then the money would be removed from the club and paid to the shareholders proportionally. If the trust was a shareholder then they would be included, and what happened with that money would be determined by the terms off the trusts constitution at the time. *If the Allams had 900 shares, and the trust had 100, with no other shareholders in the club the club could buy back say 810 of the Allams shares and 81 of the trusts. The Allams would still own 90%, and the trust the other 10%, but money would have been transferred out of th club. (there are rules about how that can be done) It won't happen for a long time, by which time the name change issue should be gone and the group can have moved forward with new policies determined by the members. The advantage this group has over a new completely independent one is that it is made up of people from a lot of different groups. If once the name change is done with they all encourage their members to join, and they could perhaps discuss with the club/OSC as well about working together to ensure the group is representative by using the club database (the club would have to deal with the contact and there are issues with it to be resolved)
I made a donation - i will say this , i almost never hit the pay now button as i was unsure how secure the page was (considering personal details were in the form) but the pay now sends you to paypal and is totally secure . Just think u may want to add that payment page is to a secure payment page to the opening post .
People can't buy scarves for cash today we don't have a licence to sell them, pre-order only, sorry. Boothferry2Wembley As you've made public my PM I can guarantee you'll not get anymore.
Who could have predicted this eh bob??? Mystic Chazz. Any fan ownership should go through the OSC not the CTWD QED.
I would disagree as the OSC is much too close to the club !! Any fan ownership should be distanced from influence by the club owners.
Any fan ownership will go through the Supporters' Trust. Mr Hat here's the link. The accounts are under the documents tab. I'd say a couple of hours spent reading their material is time well spent. Of course, that is if you are interested. http://www.swanstrust.co.uk/ Dividends are income and subject to tax.
