The trust is now and industrial and Provident Society - Aberdeen Football Club Supporters Society Limited - known as AFC Trust.
The Trust has been opened to a wider membership of shareholders and non-shareholders alike with each member having a single vote in the affairs of the Trust. The management committee will have an obligation to look after the interests of the members. A Board of Patrons ("the great and the good") has been set up to ensure that the management committee adheres to the principals of the Trust.
Shareholding members will assign their voting rights to the Trust but retain their ownership and all other rights.
Any non-shareholding supporter can join the Trust and their membership fee will be used to obtain that supporter a nominal ownership in the club for as long as they remain a member of the Trust. The Trust will also raise funds by other means and use such funds to bring shares into community ownership. A possible mechanism for doing this will be to buy blocks of shares straight from the Club, thus ensuring that funds go direct to Aberdeen FC activities although it is likely that shares will also be purchased on the Stock Market. The minimum stake in the Club that the Trust will seek is 10%, as this figure will give the Trust certain powers that are not available to lesser shareholdings. |