What Is Roverstrust and Why Is It Vital to the Future of Blackburn Rovers FC
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What is the RoversTrust and why is it vital to the future of Blackburn Rovers FC A Presentation to Madame A. Desai and family May 2013 Contents Overview and summary The role of supporters trusts in football Overview of the Rovers Trust Why is the Rovers Trust vital to the long term future of Blackburn Rovers The ambitions of the owners and potential next steps The continuing evolution of the Rovers Trust Appendices: Background of the Rovers Trust steering group Further details on Supporters Direct, the Football Supporters Federation and Football Supporters Europe Additional case studies of supporters trusts’ involvement with leading football clubs Public endorsements of the Rovers Trust Links to relevant international press articles Attachments: Covering letter Formal letter of support from Supporters Direct Formal letter of support from Blackburn Chemicals Confidentiality and disclaimer This presentation has been prepared solely for the use of Madame A. Desai and her direct family in their role as ultimate owners of Blackburn Rovers Football & Athletic Plc. The contents of this presentation and the accompanying letters are highly confidential and not be reproduced, replicated or made public in whole or in part without the explicit written agreement of the Rovers Trust Group. The data enclosed is up to date as at 28 April 2013, however Rovers Trust and its group of companies, directors, officers and associates make no representation or warranty as to the accuracy of the enclosed. Rovers Trust is the trading name of BRSIT Limited. BRSIT Limited, trading as Rovers Trust, is a private company registered in England and Wales (8046293) whose registered office is at 1-2 Richmond Terrace, Blackburn, Lancashire, BB1 7AT, DX 13604 Blackburn 3. VAT Number: GB 157 2363 08. Overview and summary The Rovers Trust is the (one and only) official supporters trust of Blackburn Rovers FC More than 170 UK clubs have officially The Rovers Trust is recognised and approved by Supporters Direct, the Football Supporters Federation and recognised supporters trusts ( more than Football Supporters Europe (the Government, national and international bodies in this area) 70% of English football clubs) The Rovers Trust is here to help the club and benefit the owners Of these, 100 have a shareholding in their The Rovers Trust is not a protest group or a fan club; it is a Government backed, member owned, independent voice of the supporters club and 30 clubs are outright owned or The Rovers Trust has a long term aim of working with the owners by having supporter representation on the Board controlled by their supporters trust and a meaningful ownership share, maintaining and improving the relationship between the supporters and the club These have more than 300,000 members The Rovers Trust members have so far pledged more than £3 million should an opportunity to acquire a stake in across the UK making them one of the the club arise single largest group of influencers in football With more than 1,100 paid up members, growing at 6% per week (on average since launch in More than £30 million of new finance has November 2012) the Rovers Trust is on target to have 2,500 members in its first year of operation been brought into football by trusts By comparison Arsenal Supporters Trust has 1,100 members after 10 years of operation Arsenal and Swansea City are two Premier The Rovers Trust estimates there are around 100,000 Rovers fans globally and has the long term aim of achieving membership levels of more than 10,000 League clubs that have prospered under The Rovers Trust steering group is made up of democratically elected experts who are local, partial supporter ownership national and international business people, and lifelong Rovers supporters Richard Scudamore (Premier League Chief Several members of the Rovers Trust steering group own and run family businesses both large and small, Executive) recently said that he saw including WEC Group and Blackburn Chemicals, two Lancashire-based companies with international footprints Swansea as the ideal ownership model for The Rovers Trust believes a collaborative approach between our steering group, our members, the Premier League clubs owners and the club, will help: Bring supporters and sponsors back to Ewood Park; Repair relationships between the owners and the fans locally, regionally, nationally and internationally; Improve the global brand; and Rebuild the club’s revenues, protecting the long term future of Blackburn Rovers The role of supporters trusts in football A supporters trust is an officially-recognised, independent and legally Swansea City’s Story constituted body of supporters, who have come together to support, On July 8th 2001, a group of Swansea supporters met to influence and assist their sports club with a particular emphasis on discuss and debate the idea of forming a supporters’ trust. achieving supporter and community representation at boardroom level and Their concerns were numerous: on the pitch, City’s fortunes in the ownership structure had slumped, and the club were relegated back to Division Three. Off the pitch, the outlook was even more troubling. Community involvement at every sports or football club is vital to its success. Supporters trusts throughout Europe work with the community, In 2001, owners Ninth Floor PLC put up the club for sale. Initial reports said they set a local government and their club to enhance the relationship between the price of £3m, instead they agreed a sale to former Commercial Manager Mike Lewis for stakeholders £1 – on the condition that the club would shoulder a debt of £801,000, to Ninth Floor. Specifically within the UK, supporters trusts, in partnership with Supporters Lewis (who in 2007 pleaded guilty to fraud relating to his activities at Exeter City) made Direct (the relevant government body), work to: no secret of his desire to sell it at the earliest possible opportunity. Unwilling to wait for a change in ownership, the supporters decided to take matters into their own hands, Ensure clubs are run responsibly and are financially sustainable; and with the help of Supporters Direct, formed the Supporters Trust. Recognise supporters are the most important stakeholders at a club; Promote the involvement of supporters in the decision making process; and The Trust won backing from across the local community, with offers of help in a plethora of areas from fundraising to financial planning. As a co-operative, democratic Promote the value of supporter ownership and influence organisation, it had a clear mandate to act in the best interests of the club. Importantly, it should be recognised that while a supporters trust may hold Off the field, events were moving apace. Lewis sold the club, again for £1, to Australia- alternate views on the running and direction of their club, these are not based businessman Tony Petty. At this point, the Trust stepped up their efforts to radical organisations. Their prime objective is to work with the club’s owners secure a stake in the club. Negotiations continued behind the scenes, whilst supporters to the mutual benefit of the club, supporters and the wider community took collective action to make their desire for greater involvement in the club clear. More than 170 supporters trusts are registered in the UK from Manchester Eventually, the Trust were able to broker a deal whereby a group of vetted investors – United at the top of the Premier League to Dulwich Hamlet in the Isthmian sourced by the Trust – agreed to purchase Swansea City. Trust members raised League with various levels of involvement in the clubs: significant funding and the Trust is now the third largest shareholder, with a 19.99% Outright ownership – e.g. Portsmouth stockholding and a seat on the Board; which is guaranteed permanently by the Significant minority – e.g. Swansea shareholders’ agreement signed in 2002. Small minority and a board level voice – e.g. Arsenal The club barely escaped relegation to the Conference National in 2003, and eight Board level voice – e.g. Bradford years later, won promotion to the top level of English football, operating under a system The rest continue to act as a conduit between clubs and supporters with the of financial sustainability and community engagement. It would not be an exaggeration long term ambition of being part of the ownership to say that without the Supporters’ Trust and their co-operative principles; the current success being enjoyed by Swansea would not have been possible. Supporters trusts are truly democratic organisations with the guiding philosophy recognising all fans are equal and all members should be treated Swansea City's ownership model “is as ideal as it gets” for a Premier League as such. There can only ever be one member, one vote Football Club; Richard Scudamore, CEO Premier League Overview of the Rovers Trust Since its official launch in November 2012 the Rovers Trust has: The Rovers Trust was formed in 2012 following a high profile awareness and Achieved a membership of 1,025 in the first five months finance raising campaign aimed at bringing supporters together under one Membership is growing at 6% PER WEEK organisation. Arsenal has 1,100 after ten years in existence The Rovers Trust is now the official Blackburn Rovers supporters trust backed Granted official supporters’ trust status by Supporters Direct by the Football Supporters Federation (FSF) and Supporters Direct (SD), the Gained wide public backing from the supporter base, relevant public bodies in this area community