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Fan Owned Club

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pontoonlew
November 23, 2020, 5:10pm
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I think this season has made it painfully obvious (as if it already wasn't) exactly who is holding our club back. Mr Fenty and Mr Day have made bad decision after bad decision, the only credit I can give them is leaving us with some cash in the bank but what's the point if we continue to aim to avoid relegation and absolutely nothing else?

I'm personally not willing to watch the club rot whilst we have a manager in charge who seems genuinely invested in us pushing forward, we have money in the bank and a genuine chance to actually progress after 20 years of decline.

I genuinely think that to have a chance of progressing, we need to do something as a fanbase to properly bring about change. I'm calling on The Trust and the fans to put together a proposal that allows us to become fan owned. We've shown the sheer power of our fanbase previously and with the right people behind it I've absolutely no doubt we'd make a very good go at it. It also gives the flexibility to allow somebody remotely capable of running a football club to do so and be rid of the absolute dinosaurs that currently run it because I've seen absolutely nothing to suggest Day or Fenty will ever take us forward.
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moosey_club
November 23, 2020, 5:16pm
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Nice idea.

Rally around everyone and get a fund of at least 2 million then approach JF to buy him out/ clear his loans and bobs your mothers brother.


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male private Nale
November 23, 2020, 5:26pm
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How do fan owned clubs work ? How are decisions made ? Is it a board of fans elected then they make all decisions or is it every major decision goes to a vote to all fans?

If it is the former then what makes you think those voted in would make the right decisions?

If it is the latter then it would get bogged down in in fighting I imagine pretty quickly.

Is there a third way?

I believe the only way out of this in the medium term would be, if the rumours are to be believed, that Pettit and the other GY london based multi millionaire (whose name escapes me) makes an offer Fenty can't refuse then it would be them that take the club forward in the Brentford model of how to run a football club..
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golfer
November 23, 2020, 5:30pm
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We are already FAN owned.
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grimsby pete
November 23, 2020, 5:31pm

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How anybody can say Day is not forward thinking baffles me.

He said last year we aim to be in the championship in five years.  


                             Over 34 years living in Suffolk but always a mariner.
                             66 Years following the Town
                             Paul Hurst Black and White Army
                             New Owners.  New Begining.
                                      
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pontoonlew
November 23, 2020, 5:37pm
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Quoted from male private Nale
How do fan owned clubs work ? How are decisions made ? Is it a board of fans elected then they make all decisions or is it every major decision goes to a vote to all fans?

If it is the former then what makes you think those voted in would make the right decisions?

If it is the latter then it would get bogged down in in fighting I imagine pretty quickly.

Is there a third way?

I believe the only way out of this in the medium term would be, if the rumours are to be believed, that Pettit and the other GY london based multi millionaire (whose name escapes me) makes an offer Fenty can't refuse then it would be them that take the club forward in the Brentford model of how to run a football club..


I've spoken to a couple of guys involved in fan ownership today (at Wimbledon, who btw are in the league above us and have just moved into a new stadium). The idea is fans would elect a board and then each trust member would have a single vote, nobody would own a larger share, it's all equal.

I see no reason personally why this cannot be explored further with the right backing.
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KingstonMariner
November 23, 2020, 5:39pm
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Quoted from male private Nale
How do fan owned clubs work ? How are decisions made ? Is it a board of fans elected then they make all decisions or is it every major decision goes to a vote to all fans?

If it is the former then what makes you think those voted in would make the right decisions?

If it is the latter then it would get bogged down in in fighting I imagine pretty quickly.

Is there a third way?

I believe the only way out of this in the medium term would be, if the rumours are to be believed, that Pettit and the other GY london based multi millionaire (whose name escapes me) makes an offer Fenty can't refuse then it would be them that take the club forward in the Brentford model of how to run a football club..


Normally there is a board of directors made up of representatives of the Trust who take all the day to day decisions. Only rarely do votes go out to the whole membership. Examples of that would be whether to permit outside parties to buy the club, or proposals on major capital raising initiatives.

AFC Wimbledon have used this model to go from a few blokes having a trial on the Common in 2002 to playing in their own stadium in League One in 2020, with several promotions on the way. All with a fan base lower than Town’s.


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realist
November 23, 2020, 5:48pm
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Wouldn't trust the Trust to run our football club. We are in the shite forever.
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Yoda
November 23, 2020, 6:12pm
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The trust would give it back to Fenty.!!
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grimsby pete
November 23, 2020, 6:31pm

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Quoted from pontoonlew


I've spoken to a couple of guys involved in fan ownership today (at Wimbledon, who btw are in the league above us and have just moved into a new stadium). The idea is fans would elect a board and then each trust member would have a single vote, nobody would own a larger share, it's all equal.
.


That's how our board works one man one vote if it's not unanimous we go with Fenty idea.

Think about it.  


                             Over 34 years living in Suffolk but always a mariner.
                             66 Years following the Town
                             Paul Hurst Black and White Army
                             New Owners.  New Begining.
                                      
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