Who owns your club?

Printable View

Show 40 post(s) from this thread on one page

19/09/2007, 6:30 PM
Stato

Quote:

Originally Posted by Dodge

Yeah, you're right. I just have a particularly jaundiced view of various boards in the past ten years. I appreciate I was being unkind to most of them, at least when they started their heart was in the right place.

Agreed, think we've all been jaundiced by the various things that have happened over the years, we keep going back though ;)

Quote:

Originally Posted by Dodge

BTW John Doran's crowd were definitely NOT fans when they took over in 1991 (from which the group above (and several others including Brian Kerr) saved us)

Was never sure of the motives of Doran and crew, all seemed a little strange at the time. While I wholeheartedly agree that Kerr helped to save us by his work both on and off the pitch (and arguably is doing so again by being the key that unlocked the Kelleher deal), I find it interesting how the myth surfaced about him remortgaging his house to put money into the club. I still hear it doing the rounds every now and then.
19/09/2007, 6:39 PM
bohsmug

Quote:

Originally Posted by sonofstan

At Bohs you have to proposed and seconded by existing members in good standing and pay a yearly sub (a little more than the cost of a season ticket)- after three years continuous membership you can stand for office. Don't know what it's like elsewhere.

Also your application form is put up on a notice board for a short period of time (2 weeks?) so that if anyone has any objections to you becoming a member they have the opportuntity.
19/09/2007, 7:10 PM
Aaron

The fans own Derry City, we are not privately owned
19/09/2007, 7:44 PM
dcfc_1928

No we don't. The reality is that Wellvan Enterprises Limited "own" Derry City FC.

Wellvan Enterprises is a "Private company limited by shares". The major shareholders are two individuals - Philip O'Doherty and Paul Diamond.

Only a fraction of the club's support are shareholders in Wellvan/DCFC.

It's a romantic notion, but its untrue. DCFC is not owned by the fans.

Quote:

Originally Posted by City till I Die

The fans own Derry City, we are not privately owned
19/09/2007, 8:36 PM
Aaron

So basically Paul Diamond and Philip O'Doherty own the club? Isnt Philip also involved in Brandywell Properties?
19/09/2007, 9:03 PM
onceahoop

Quote:

Originally Posted by bohsmug

Also your application form is put up on a notice board for a short period of time (2 weeks?) so that if anyone has any objections to you becoming a member they have the opportuntity.

That's a pre-requisite of any application for membership of a club. Mostly ignored by a lot of clubs in my opinion. My own club nearly paid the price for it once.
19/09/2007, 9:13 PM
MariborKev

Quote:

Originally Posted by City till I Die

So basically Paul Diamond and Philip O'Doherty own the club? Isnt Philip also involved in Brandywell Properties?

Yes and yes.

AFAIK the club has A shares and B shares. PD and POD own something over 90% of the A shares and therefore own the club.

The board of directors run the club, but they basically don't have any ownership stake.
19/09/2007, 9:54 PM
Aaron

Them 2 are worth a few pound, do they invest much into the club or do we only bring in money from our own making? You learn something new everyday.:)
19/09/2007, 10:22 PM
gael353

I think.....Limerick 37 is made up of a 40/60% or 60/40% share issue. The LDMC (Junior) schoolboy leagues, ladies hae shares not exceeding 20% each. The rest is made up of private investment again not exceeding 20% to any one group
19/09/2007, 10:32 PM
sonofstan

Quote:

Originally Posted by bohsmug

Also your application form is put up on a notice board for a short period of time (2 weeks?) so that if anyone has any objections to you becoming a member they have the opportuntity.

I'm always tempted to object on grounds like 'we've too many red-headed members already' or 'he's not from round here' or something...
20/09/2007, 12:33 AM
Dr.Nightdub

Quote:

Originally Posted by Dodge

its owned by a holding company of which Mr Kelleher and his wife are sole directors and share holders. Its kept seperate from Shelbourne Developments.

Mancar Ltd. now own Newtonheath Ltd who trade as Pats
20/09/2007, 7:38 AM
Macy

Quote:

Originally Posted by Mr_T

Longford Town Private Owner / PLC

Members club, with elected committee, although in practice controlled by whoever's pumping in the money.
20/09/2007, 10:44 AM
Mr_T

Quote:

Originally Posted by Maribor

Yes and yes.

AFAIK the club has A shares and B shares. PD and POD own something over 90% of the A shares and therefore own the club.

The board of directors run the club, but they basically don't have any ownership stake.

Interesting, I always wondered how Derry were actually set up. Obviously they have a lot of fan involvement onto the board or various sub committees, but at the end of the day the appointment of directors is down to the tow main owners?

Quote:

Originally Posted by Macy

Members club, with elected committee, although in practice controlled by whoever's pumping in the money.

I never knew LTFC were a members club. How does one beocme a member there? Is it a subscription thing as well or does it involve putting up a lump of money?
20/09/2007, 11:28 AM
Mr_T

Hows this then?

Any more info?

Code:

CLUB OWNERSHIP LEGAL STATUS/DETAILS Drogheda Utd Private Owners Ltd Company (Vincent Hoey, Chris Byrne and Eugene O'Connor) Shamrock Rvs Members Club Monthly Fee, Members Elect Board St Pats Ath Private Owner Ltd Company (Gerry Kelleher) Cork City Private Owner Ltd Company (Arkaga Investment Fund) Sligo Rovers Co-operative Bohemians Members Club Members pay annual fee. Members propsoed by existing members. Board elected from members of 3 years standing. Derry City Private Owner Ltd Company (Wellvan Enterprises - Philip O'Doherty and Paul Diamond) UCD College Club Galway United Private Owner Ltd Company (30% owned by Galway & District League) Bray Wanderers Private Owner Ltd Company Waterford Utd Privately Owned PLC (don't know what the story is with shareholders - is it one or two main ones or is it fan owned) Longford Town Private Partnership Cobh Ramblers Members Club Finn Harps Co-operative 500+ shareholders. Board elected annually at AGM Dundalk Private Owner Ltd Company (Gerry Matthews) Limerick 37 Private Owner Ltd Company (40% owned by Junior Leagues, max investment = 20%) Shelbourne Private Owner Ltd Company (Accolade Ltd - Byrne Family) Monaghan Utd ?? Athlone Town Private Partnership Kildare County Private Owner Ltd Company Wexford Youths Private Owner Ltd Company (Mick Wallace) Kilkenny City Private Owner Ltd Company
20/09/2007, 1:33 PM
MariborKev

Quote:

Originally Posted by Mr_T

Interesting, I always wondered how Derry were actually set up. Obviously they have a lot of fan involvement onto the board or various sub committees, but at the end of the day the appointment of directors is down to the tow main owners?

T,

I am not 100% certain, ORA would be the man with the info.

I believe that A shareholders hold the right to have x amount of their appointments on the board, but have never taken up this option. The current board was elected by the B shareholders AFAIK, without the A shareholders appointing anyone.

AFAIK Diamond and JR had a fallout and Diamond hasn't been involved since then. Paul and Mary are season ticket holders and are at every home game, but they have no involvement in the club as far as I'm aware. POD hadn't been the the Brandywell in years, but has become involved with the stadium redevelopment and has been back for a few games
20/09/2007, 2:15 PM
Red Youth

Wexford Youths FC owned and managed by the one and only, Mick Wallace
20/09/2007, 9:38 PM
Philly

"Kildare County Football Club Limited is a company limited by guarantee and with no share capital."

Board members and other details here: http://kildarecountyfc.com/aboutus/index.asp
20/09/2007, 10:30 PM
kdjaC

Quote:

Originally Posted by Stato

I find it interesting how the myth surfaced about him remortgaging his house to put money into the club. I still hear it doing the rounds every now and then.

Eh thats true :o

His remortage financed the payment owed to get us back to richer. a shocking 20 grand, wonder how much his gaff is worth now :p

kdjac
20/09/2007, 10:31 PM
LeixlipRed

Quote:

Originally Posted by onceahoop

My own club nearly paid the price for it once.

Was that the time Dr. Evil tried to join?? :D
21/09/2007, 11:42 AM
Vitruvian Man

There's a shocking number of property "players" involved with EL clubs.

Show 40 post(s) from this thread on one page