AFC Wimbledon - Ownership and Legal Status

Ownership and Legal Status

AFCW PLC was placed under the ownership of The Dons Trust, a supporters' group which is pledged to retain at least 75% control of that ownership. In 2003 a minority interest was sold in a share issue in order to finance the purchase of Kingsmeadow, the ground that AFCW part owned with Kingstonian; given the circumstances of the club's formation, this decision raised concerns among some members but was quickly accepted.

The Dons Trust is an Industrial and Provident Society registered with the Financial Services Authority as "Wimbledon Football Club Supporters' Society Limited". This is not to be confused with Wimbledon Independent Supporters Association (WISA) although WISA has as one of its stated constitutional aims "to purchase shares in AFC Wimbledon's holding company".

The Chief Executive is lifelong fan Erik Samuelson, a retired accountant, who carries out his full-time duties in return for the nominal sum of one guinea a year, because "it sounded posher than a pound".

Read more about this topic:  AFC Wimbledon

Famous quotes containing the words ownership, legal and/or status:

    They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.
    —Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)

    The disfranchisement of a single legal elector by fraud or intimidation is a crime too grave to be regarded lightly.
    Benjamin Harrison (1833–1901)

    The censorship method ... is that of handing the job over to some frail and erring mortal man, and making him omnipotent on the assumption that his official status will make him infallible and omniscient.
    George Bernard Shaw (1856–1950)