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Whalley Red · 15-09-2010, 11:56

The problem with the myfootballclub model is that is mixed up ownership, governance and management of the club, right down to influence over the management of the football team. That was never going to work!

We await Ilyas' Action Plan, but a community-based club does not mean management by committee.

In terms of ownership, if the fans/community own more than 50% of the shares (once the new ones are issued), that is all it is, ownership.

The formation of a representative committee to represent this fans/community 'group' would therefore be in charge of hiring/firing the day-to-day managers of the Club just as any single owner would do. The representative committee would therefore have a say about the governance of the Club (i.e. the direction that the Club takes and the manner in which it is directed) and be involved in the Board of Directors.

It would still delegate the day-to-day running of the Club to a Managing Director and CEO, as it currently stands. The committee would only be responsible for deciding who these people would be, so I don't see any problem with this setup and it is markedly different to the myfootballclub model.

The big issue for me is whether we can convince the fans/community to buy the extra 200,000 shares and not continue to depend on the generosity of Ilyas and Peter Marsden.

15-09-2010, 11:56	#37
Whalley Red Full Member+ Join Date: Mar 2004 Posts: 669 Liked: 82 times Rep Power: 1653	Re: Tuesday Meeting The problem with the myfootballclub model is that is mixed up ownership, governance and management of the club, right down to influence over the management of the football team. That was never going to work! We await Ilyas' Action Plan, but a community-based club does not mean management by committee. In terms of ownership, if the fans/community own more than 50% of the shares (once the new ones are issued), that is all it is, ownership. The formation of a representative committee to represent this fans/community 'group' would therefore be in charge of hiring/firing the day-to-day managers of the Club just as any single owner would do. The representative committee would therefore have a say about the governance of the Club (i.e. the direction that the Club takes and the manner in which it is directed) and be involved in the Board of Directors. It would still delegate the day-to-day running of the Club to a Managing Director and CEO, as it currently stands. The committee would only be responsible for deciding who these people would be, so I don't see any problem with this setup and it is markedly different to the myfootballclub model. The big issue for me is whether we can convince the fans/community to buy the extra 200,000 shares and not continue to depend on the generosity of Ilyas and Peter Marsden.