Finances and Structure
Prior to its dissolution, Andover Football Club was run as a Private Limited Company. The twelve-strong consortium who took over the club in 2003 were the club shareholders, with the club president being the majority shareholder, the club chairman holding the second-largest number of shares, and the remainder of the shares distributed equally among the other members of the board and management committee.
Andover were sponsored by a number of local companies including the Hospital Saving Association (HSA), a locally-based health insurance firm who have also sponsored Blackburn Rovers in the past.
In addition to gate receipts, the club derived income from club merchandise sold in the club shop, and the Portway Suite (the clubhouse at the Portway Stadium). The suite was able to be rented out for private events such as wedding receptions and birthday parties as well as hosting club events such as quiz nights. A boardroom was also available for conferences and meetings.
A supporter-based initiative was launched in April 2008. Under this scheme, supporters were encouraged to donate £60 for the season. If the target number of 100 participating supporters was achieved, a total of £6,000 would have been raised by this scheme; half of this money would have been used to help fund the club itself by paying players' wages, with the other half used in a monthly prize draw for participating members.
Read more about this topic: Andover F.C.
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