Right, just brief information on how this can work. My suggestion is that we set up an Industrial & Provident Society (IPS). An IPS basically has the following attributes:-
Community orientation ? intrinsically part of the framework of the Trust.
- External Regulation ? the Financial Services Authority will not register rule changes that conflict with the requirement to operate for the benefit of the community.
- Robust Constitution ? crucial rules such as the Objects, Powers and Application of Profits, may only be altered if there is a 75% majority in favour.
- Effective and versatile ? experience has shown the model to be adaptable and powerful in varied circumstances.
- Not For Profit motive ? Safeguards against ?carpet bagging?.
- Growing Supporters? Trusts movement ? offers additional ?political? weight and influence in the wider world of football.
- Community of Mutuals ? offers opportunities for additional funding and partnerships with other co-operatives. Provides affinity with other organisations committed to benefiting the local community; and offers a reassurance to the supporters and the club of the community orientation and not-for-profit objectives of the Trust.
- Start-up Grant funding ? Supporters Direct pay for legal costs and expenses subject to eligibility criteria.
- Limited liability for members ? no need to put your financial security on the line; members are protected.
- Financially responsible ? Effective in circumstances where significant sums of money have to be raised by public offer.
- Rather than have a ?shareholding? we have a ?membership?
- Memberships are renewable and there is no limitation on numbers
- Renewals would be at a lower cost then the ?initial? cost of membership. For example:
- Year 1 memberships = £1000 at £100 per month for 10 months.
- Year 2 Memberships = £500 at £50 per month for 10 months.
- Year 3+ memberships = £250 at £25 per month for 10 months.
- You can be a member for 1 year or for ever. The choice is yours. You would have still done your bit.
- All board members would be elected
- A dedicated website (with member log in) will allow you to vote for the most important decisions
- All information including payments will go through the website
- All members will have the opportunity to make decisions
- All membership money will be used to run the trust on a day-to-day basis and to obviously invest in the stadium.
These will need to be advised but if they can be done as I have mentioned above but I have seen no reasons why it can?t be done as above.
I have contacted Supporters Direct today to find out what we have to do as they have helped Celtic and many others start this type of thing up. If any of you want to have a look at this then they can be found at: http://www.supporters-direct.org/home.asp?country=engwal#
But is Everyone OK with the basics of this idea so far?
Michael, Lyndon, can I ask that you forward or provide me with the e-mail addresses of everyone who has expressed an interest in this please. I have added my e-mail address in the correct field on the form.
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1 Posted 19/08/2008 at 05:22:01
2 Posted 19/08/2008 at 06:53:14
3 Posted 19/08/2008 at 06:56:14
This way we can see if we can raise the cash before commiting to extra complexities, costs and admin issues. If we fail to raise the cash then we can just close the account and refund the money. Going a more complex route could prove a waste of more time, effort and hard earned money.
A bit like the sceptism of the board in shareholders being able to get enough support for an EGM, I think mass EVERTONIAN support will back this simple method and force an excellent re-development of GOODISON, financed substantially buy the EVERTON PEOPLE for the people of the people’s club.
TIME IS A REAL PRESSURE HERE...the board have messed about for too long but in 3 months Kirkby may be on the verge of getting a green light...he who hesitates is lost, WE NEED TO ACT NOW.
If we adhere to the KISS method (Keep It Simple Scousers) we could be remaining at Goodison in a re-developed stadium that is in keeping with both the traditions AND aspirations of EVERTON FOOTBALL CLUB quite soon! NSNO.
Ps. I will be pleased to support whatever structure but I think the simpler the better and we need to act quick...Have we checked out the simple ESCROW account route yet, I’m sure a local law firm could sort it cleanly and cost effectively really quickly :-)
4 Posted 19/08/2008 at 07:32:14
If we are as skint as everybody says we are then we are entitled to legal aid.
5 Posted 19/08/2008 at 08:57:11
Like many in this same position I hope to get back on my feet in a couple years. I know a great deal about stadium requirements but because I cannot come up with the cash that’s it is it?
6 Posted 19/08/2008 at 09:08:49
I’m looking into the ESCROW account today. I’ve got someone looking at a website so you can register your interest on the site too. Once this is up and running I will let you know the web address so you can dive on and have a look.
7 Posted 19/08/2008 at 09:12:12
8 Posted 19/08/2008 at 09:12:05
9 Posted 19/08/2008 at 10:05:39
10 Posted 19/08/2008 at 10:12:32
Count me in. I may not be able to get to many games due to family commitments and work stuff but I’ll be buggered if I stand by and watch the club move to Kirkby when there seem to be a viable option on the table.
I’ll email you right now.
11 Posted 19/08/2008 at 10:41:26
simple hey! (haha!!)
12 Posted 19/08/2008 at 10:44:40
13 Posted 19/08/2008 at 10:36:58
Is that e-mail address case sensitive? I.e. does it have to be Everton_goodison1878@yahoo.co.uk or can it be firstname.lastname@example.org?
14 Posted 19/08/2008 at 10:13:53
The vast majority of people will be in the same situation as Peter - I know I am. As much as I would like to change certain things about the way the club is run, I just haven’t got the spare cash. If people are faced with the choice between spending their hard-earned wages on membership of this scheme or on actually going to watch the team play, there’s only one option they will choose.
You will obviously have some success, I would imagine especially with exiled blues throughout the world, who have no chance of getting to the game and will see this as a good chance to get involved. However, when it comes to actually parting with the money, you may find people will think twice.
The idea of voting for the ’most important decisions’, through a website throws up all sorts of problems. Of course I have strong opinions about the direction I want our club to take, but just because I pay my £25 a month does this make me qualified to make these decisions? Of course not. Expressing an opinion through clicking an online poll is a long way from studying the relevant information before making an informed decision. If these ’most important decisions’ are anything less trivial than ’What colour should we paint the new stand?’, then I see big problems.
Although I admire the idea in principal, I just can’t see it being successful, especially in the current economic climate. Finally (and I apologise if this sounds sickeningly trite) - if I could get to the end of my working month with a spare £100 still in my pocket, then I don’t think I could justify putting it into this scheme when there are numerous charities who would get far more benefit from it.
15 Posted 19/08/2008 at 10:52:44
16 Posted 19/08/2008 at 11:07:48
17 Posted 19/08/2008 at 11:16:32
18 Posted 19/08/2008 at 11:24:00
I think this has been mentioned previously, but there’s also the issue of our wealthier supporters. I’m sure there are a number of passionate blues who can afford 10 or 20 times the sum you suggest, and when you’re looking to raise cash, is it feasible to refuse their money? If not, these people who are paying for 10 memberships will then expect to recieve 10 votes on any issue, giving even less motivation for others to sign up ,knowing that their vote is only worth a tenth of someone elses, simply because they are not as wealthy.
Anyway, I’ve decided I won’t be contributing so I’ll stop posting on here and leave you to it. Respect to you John for trying to get this organised and fair play to anyone who decides to get involved. I really do hope that something good comes of it.
19 Posted 19/08/2008 at 13:07:25
I’ve got 41 names of people so far who are willing to stump up the cash for this (myself included) so if for no other reason we say each of us are willing (which I know these 41 are) to pay 1500quid each the fund so far has potentially got £61,500
Incase nobody else thinks that this is a goes that a fantastic figure already. So well done to those who have said they’ll contribute hopefully it won’t be long before I have an ESCROW account up and running to where I can put our money.
20 Posted 19/08/2008 at 13:19:25
21 Posted 19/08/2008 at 13:30:14
Sorry, right basically it means that you become a member of a society. That society is being founded to raise funds to help build/redevelop a new stadium for Everton FC.
The money you invest will be held in an account by an independed third party and is protected until suck time that enough money is in the account to seriously carry out the plan. (Build or redevelop the stadium) As a member of the society you will be able to vote on decisions made. The society will also be regulated by the FSA. If after a certain period of time (say 12 months) there is not enough interest in the society then you will get your money back. if there is enough money in the "kitty" then it will be used to either build a new stadium or redevelop Goodison. The trust will own the new stadium and run it on behalf of Everton FC or it will take ownership of goodison with the intention or redeveloping.
It’s actually in the process of being deceided exactly what the funds can be used for and if you contribute financially you will have a say in what they are used for.
Hopw that’s ok for you.
22 Posted 19/08/2008 at 15:18:00
Think it is a great improvement on the idea to go for a "building" fund. Will it be "The People's Trust?"
Very important that the principles and Constitution are strong/well written.
Think you have to set a more conservative target of building a stand as opposed to a stadium. However if it could be done for just a stand, with an enabling development for another stand the club could then afford the third stand. Which would fit with some of the things Trevor S. has suggested.
23 Posted 19/08/2008 at 15:58:40
24 Posted 19/08/2008 at 16:08:42
thanks for your comments.
25 Posted 19/08/2008 at 16:07:30
26 Posted 19/08/2008 at 16:29:37
It’s a chicken and egg situation. If you don’t set up the ST and start the ball rolling you can’t approach the club at any level of seriousness.
As it is the club are going to want to see that there is a willingness by the fans.
If that happened then it would gain its own momentum....
What the club doesn’t need is any more hypothetical suggestions without any tangible side to them.
27 Posted 19/08/2008 at 17:01:16
"What the club doesn?t need is any more hypothetical suggestions without any tangible side to them."
Like Kirkby you mean? ;)
28 Posted 19/08/2008 at 20:30:45
That way if nothing comes of it then we could sell the houses and we could all get our money back with profit, with all profits going into the former players foundation or something?
29 Posted 19/08/2008 at 21:29:52
30 Posted 19/08/2008 at 23:09:05
Great idea by the way. I think the monthly payment option may make it viable for a lot of people.
31 Posted 20/08/2008 at 00:09:12
I’m not being negative as I applaud your efforts and would support them if they cam to fruition. Don’t also rule out the benefits of having an offshore company. The Isle of Man currently offers a zero, yes ZERO corporate tax rate! This would be useful for overseas earnings not brought into the UK and could be used to finance overseas expenditure on players/merchandise etc.
Since leaving the regulator I work for a law firm that manages trusts/company structures so I’m available if you need help... this would not be an easy path... regulators are a pain in the ass... and I should know!
32 Posted 20/08/2008 at 11:56:28
33 Posted 20/08/2008 at 13:07:47
would we need to pay the £1,500 in one go or could it be paid in installments (if so how many installments?) If it does have to be paid in one go when is it needed by (obviously ASAP would be nice but what’s the deadline?)
34 Posted 20/08/2008 at 14:09:05
This projects needs credibility not only in terms of the amount it can raise but also in the professionalism it shows in handling it’s proposals. For this reason I am distributing information on an almost daily basis about where we are and what we have to do.
You can keep up to date with whats going on at the minute by joining the mailing list. Just email email@example.com and I will include you in the list. That goes for anybody interested in whats happening.
35 Posted 21/08/2008 at 12:22:52
I am happy to make the £1500 contribution, but before I get in touch directly with you could you please for my benefit confirm the following:
- Will this become a public campaign i.e. are contacting other fan-sites to publicise the fund-raising / contact Liverpool echo etc?
- I would like to applaud you on the time you are investing, but have you got a team of volunteers to help out? I appreciate you are working full time so are you looking for the society members to help out? I am a London based blue and maybe able to provide some advice on matters financial (I work for a bank) but unfortunately I wouldn’t be able to volunteer to do the running around
- Process: I am sure you are a genuine supporter but just to get this through my wife(!). Consequently, I assume before we pass on any monies presumably you will distribute the ESCROW account agreement along with the Charter for the Society?
- Start-Up costs. Every society / institution has start-up costs to be registered etc. Will you be funding these yourself before claiming the costs back from the funds raised after the Society is registered?
36 Posted 21/08/2008 at 12:56:00
In answer to your first question this will become a public campaign once the details are ironed out.
There are people who have contacted me helping on this as I write this. I do work full time and can only put so many hours in myself.
Once the ESCROW agreement and account are set up this will be made public. A website is under construction for this right now.
I will be funding these myself when we get to that stage. I won’t be taking any money out of the account unless the "members" say it is ok to do so.
Hope this helps Amit.