HOW MANY TRUSTS HAVE SIGNIFICANT SHAREHOLDINGS AND HOW MANY HAVE FANS REPS ON THE BOARD?
That depends on how you define significant. A 2% shareholding can be the crucial casting vote in some cases. However, our records have 22 clubs where supporters have a shareholding that makes them significant. At Leyton Orient for example, they have 3000 shares – whilst dwarfed by many other shareholders at the club, they are the largest shareholder outside the Boardroom, which is something to be going on with and means that they have arguments ready to deploy in their favour. As for Board representation, it depends on what criteria. There are places where the Chairman has invited the Chairman of the Supporters Club onto the Board – but they aren’t elected onto it to represent fans as such, like happens at say Northampton or Lincoln. It could be seen as splitting hairs, since after all, a fan is a fan and it’s better than nothing. In that light, we say that there are 16 clubs where there is someone on the board who is there due to their connection with fans, rather than the level of in
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