Labour launch football club ownership proposals

Posted: Fri, 17 Oct 2014 10:00

Today, Labour unveiled plans for changing the makeup of football club boardrooms and giving more control to fans ahead of the 2015 General Election. It has described as "the biggest legislative shake-up in the governance of English and Welsh football clubs since the advent of the game".

The proposal is primarily made up of policies which are intended to 'give football fans a voice in every boardroom and buy a significant slice of the shares when the ownership of their club changes'. The details of the policies are as follows:

1. Supporters will have the right to appoint either a quarter of a minimum of two directors on the board of their football club, giving a legally enforced right to supporters trusts. This also underpins the right for obtaining financial/commercial information for non-public use. This ruling, however, will not enable fans to block a takeover or change corporate strategy.

2. Fans will be obliged to own up to 10% of the club ownership. Any proposed takeover will have to involve making an offer to fans. The automatic option is capped at 10% but this does not prevent further purchase of shares by supporters' trusts.

Jon Cruddas, the head of Labour's Policy Review. "Football clubs are part of people's identity and sense of belonging. Our plan is to give fans a stake in their clubs...Labour believes in sharing power and responsibility with people and giving football fans a voice is part of our plan to change our country by devolving power to our cities, towns and communities. We believe in a society that gives power to people."

This announcement comes the week after the Liberal Democrats passed a motion for wide-ranging reform in the English professional game and a day after Sports Minister Helen Grant told the BBC that the Government will be launching an 'Expert Group' of supporters to help improve oversight in football.

Tags: Press Releases