Quote:
Originally Posted by pagl
Right OK.
So anyone with £1,000 of community shares is an owner whilst it remains in the club. As per the statement below. These members are not paying annual membership fees I assume.
The accounts show £178,000 of shares so we have a maximum of 178 life members (depending on the share allocation) who can be classed as owners.
‘Remember, £1,000 of Community Shares gives you free life membership of the Trust whilst that sum remains in the Community Share account.’
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There is one owner . The WST.
The WST is it's members whether paying annually or through the community share scheme.
Therefore the members have a collective ownership of the club.
The constitution puts the onus on the members to administer the trust and run the club.