FC United of Manchester Manchesters Leading Cooperative Sports Club April 2012 Outline Background Approach Future Background The State of the Game Revenue Top 4 Divisions 3.5bn
PL = 80% PL clubs debt = 3bn 14/20 PL clubs made a loss professional clubs - 56 insolvency events since 92 Portsmouth 137M debt An Alternative? Fan-owned clubs Cooperatively managed clubs
Fan Centred clubs Community Focused clubs Football Clubs as - CLUBS Background Origins Formed June 2005 - Glazer takeover Core Principles: Democratic, not for profit, one member one vote Creating access and participation through football Community Commitment Youth focus Manchester focus
Accessible & benefit to all the communities of Greater Manchester Development 2005-2012 Fans c.3,200+ members Average attendance 2,000
Up to 25% Under 18 High female participation Accessible to low income families - 8, 2 Atmosphere 90/90 culture Over 1000 season tickets Club Elected board of 11 people
General Manager, Secretary and 4 FTE 2 general meetings a year Up to 300 Volunteers Democratic decisions on name, badge, board, shirt, prices, rules Community Commitment Partnerships established with City Council & other Local Auth. Key areas: education, social inclusion, health, community cohesion Initiatives include:
Schools tournaments, coaching, classroom Estate based delivery Education initiatives Match Day events People United Day, Youth United Day
Turnover 2010-2011 - 150k Volunteer Coaches Manchester College Sponsored Minithon charity fun run Facilities
Developing own ground 4.8m Ability to host on-site community activities New 3G pitch and sports facilities Junior Football Club links Fit with local regeneration/sport development plans Potential for health, education facilities Club offices Finance Grant Funding 2.4m Club Funds 2.4m Community Shares 1.7m Donations 0.7m
Community Shares Programme Two-year action research programme, funded by Cabinet Office & DCLG, delivered by DTA and Co-operatives UK, working with 10 organisations raising community investment completed April 2011: Ashington Minors childcare nursery Cybermoor rural broadband services Brixton Green community land trust and urban regeneration FC United of Manchester building new stadium Hastings Pier & White Rock Trust development trust Hurst Green Village Shop & Centre Oxford Cycle Workshop Training Sheffield Renewables urban renewable energy schemes Slaithwaite Co-operative community-owned greengrocers Tutbury Eco Power renewable hydro energy
A unique form of capital Shareholder democracy: One-member-one-vote not one-shareone-vote Honesty not speculative gain: Withdrawable shares cannot increase in value (but they can decrease in value) 20,000 maximum holding of withdrawable shares: but agreements can be reached Flexible cap on share interest rates: No more than is sufficient to attract and retain the investment 2% above base rate Punk Football Punk Finance
Statutory asset lock HMRC Enterprise Investment Scheme Support of Local Authority Support of grant bodies FC United Experience Launched 2010 Ten Acres: 1.5m Feb 2011 1.3m Relaunched Nov 2011: 1.6m March 2012 1.7m
Number of FC United Members Number of Adults Number of shareholders Average holding: Mean Average holding: Median 3241 2810 1351 1192 400 Moving Forward An alternative model for football club ownership that puts people
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