Another good reason to have a trust in place

billygoatblue · **Joined:** Fri Dec 12, 2014 11:30 am **Posts:** 606

Labour policy to put football fans on boards

http://www.theguardian.com/football/201 ... l-election

Snippet:
"If, under a scheme to allow supporters trusts to buy a slice of shares, a new buyer attempted to buy more than 30% of a club, then up to 10% of the shares being bought in that transaction would have to be offered to the trust at the average price over the previous year."

Kevin Dixon · **Joined:** Mon Jan 07, 2008 1:04 am **Posts:** 1432

But does that mean if a club goes into administration that a trust could be accountable for payments if they own a stake in the club.

Mr Irrelevant · **Joined:** Thu Aug 17, 2006 8:25 pm **Posts:** 22664

Depends on the setup of the company, the football club limited company that is.

If it a limited company then liability is limited (hence the name) if its for example 100 x £1 shares then you are in for however many shares you own. If it were 10% of the company then you are liable for a tenner.

Another good reason to have a trust in place

Gadgies online