#1 [url]

Oct 23 07 8:51 PM

The PLC model has drawbacks in its structure based on the premise that it is the shareholder who is the ultimate owner and benificiary of any dividend accrueing from a succesful business. The CIC on the other hand is an interesting model which has only been in existance for a few years.

As far as I am aware the FL precludes it's members from changng their corporate structure unless agreed by the rest of the FL members. Converting to a CIC under the present FL structure would be nigh on impossible. To create a seperate company which owned the ground to be a CIC but the club itself remains a private limited company could be an option. The alarm bells are already ringong perhaps? A CIC would lock in the asset so maybe it's an option?