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Mark Steele
10 June 2013 at 5:41 am
Macclesfield Town is already community owned – the shareholders, other than the aforementioned directors and former directors, are members of the community.
So the people who made the decisions to spend more than the club could afford and plunge the club in to debt are proposing to sell the majority shareholding to themselves? Or am I missing something?
Mark Steele
11 June 2013 at 9:50 pm
Update: It appears the directors and former directors are gifting their shares to the Community Interest Company, not selling them, so my initial understanding and interpretation are a little harsh and not quite correct.
Some of them will however be directors of the CIC so they are in effect gifting the shares to a company that they are then running. This seems a little confusing, so hopefully the fans forum on Thursday will add some clarity.
RealOwner
15 June 2013 at 8:26 am
CIC structure is not true community ownership. Actual, democratise, open community ownership (eg FC United, Lewes, Enfield etc) is where it’s one member, one share, one vote, no matter how much money someone puts in, with a Board wholly elected from those shareholders. What you need is a Community Benefit Society (CBS) structure.
Unfortunately, a CIC structure can be used to simply have all the old faces running a club but maybe with a few extra safeguards. It’s a halfway house fudge.