#1 [url]

Oct 23 07 9:04 PM

ConfianceImp wrote:
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?


I think there is also a case where the business would have to become a charity too before looking at CIC status as a possibility.

Yes that is an option for the ground but in the long term and if anything near the inplicit aims of 2010 came to fore and we were looking at becoming an established Championship Club wouldn't then be the possibility of looking to move the club to a more convenient situation for transport etc? Locking the ground may prohibit that and also prohibit growth just when the club needs it.