by merse btpir » 07 Nov 2017, 17:29
Therefore it is essential that the freehold remains in the public domain!
The original owners of the freehold was Kings College London who developed a sporting complex there in 1912 and the Hamlet started paying there immediately. When the football club suffered financial problems in the nineteen eighties, much of the land they owned was sold for development of a Sainsbury's supermarket. As a result, a new stadium was built on the site of the old Champion Hill stadium, and the Sainsburys supermarket was built on what had been the training pitch before the 1980s. The 'new' stadium was opened in 1992. The club's record attendance at the new ground is 3,000, set for an Isthmian League Premier Division game against Maidstone United on 18 April 2015.
The ground was also used by Corinthian-Casuals from 1963 until 1968, Fisher Athletic from 2004 until they folded in 2009, and then by the new Fisher club between their formation in 2009 and 2016 when they moved to their own ground on Salter Road back in Rotherhithe where their spiritual home is. The Champion Hill ground It is listed by Southwark London Borough Council as an asset of community value
The Supporters’ Trust’s long term aim has been for the club to have stable ownership with healthy, transparent finances leading to success on the pitch. When the Trust was first formed it’s objective was to raise money which would be invested in the club for the benefit of supporters, whilst also at the same time acquiring a significant shareholding that would enable it to have a meaningful influence on behalf of supporters in the way the club was run. Since Hadley Property Group (HPG) took over control of the club in February 2014 the Trust’s objectives have evolved to include an ownership model that fully involves supporters.
Dulwich Hamlet FC Limited is a private company, which changed ownership in the mid-2000’s when the vast majority of its 300,000 shares were acquired by Nick McCormack. As well as the Football Club itself there are related businesses of the Health Club and the five-a-side pitches on Greendales behind the ground. At the current time, Champion Hill Stadium and Dulwich Hamlet FC Ltd (DHFC Ltd) are separate legal entities. Greendale Property Company Limited (Greendale) owns the freehold of the Champion Hill Stadium and surrounding locale, and has an exclusive option, through its associated company Hadley Property Group, to purchase the majority holding of the issued shares in DHFC Ltd (the legal entity that runs the football club) from the Football Club’s current owner, Nick McCormack. Since obtaining the option Greendale, through HPG, has invested considerable financial resources in DHFC Ltd and effectively runs the Football Club. If HPG obtains planning permission for its proposed new development of the site, then they have committed to exercise this option in full and purchase DHFC Ltd, with the ultimate aim of transferring ownership to the Trust.
The Trust has set up a fan-ownership sub-committee to engage with HPG and fans to develop a model for the Club to be fully fan-owned in the future. The Club’s present position means that they are in a unique position to plan, consult and prepare for a managed transition to a fan owned club.
In January 2015 they held an open “Ask the Experts” meeting with representatives from 4 fan-owned clubs to give fans an opportunity to ask questions of those who have a wealth of experience of both the transition to fan ownership and running a football club. They have established links with key personnel at fan owned clubs ~ Enfield Town, Portsmouth, Fisher, AFC Wimbledon and Lewes ~ who have all been very supportive and generous with their knowledge and advice.
They have worked closely with Supporters’ Direct, particularly with James Mathie, in relation to all aspects of fan ownership. As well as advice and guidance on the process, they provide model documents for the transition to owning the club, carry out due diligence on the club prior to taking over, and provide training for board members in relation to running the club in the future.
They have had a series of meetings with HPG focusing on the issues surrounding the progression to fan ownership. In April 2015 HPG issued a public statement confirming their intention to hand the club over to the fans if their planning application is successful. Further they announced the appointment of Kevin Rye, formerly of SD, as a consultant to deal and the person who gave myself and the other three instigators of what became TUST professional assistance and presentation assistance when we brought the concept of forming a Torquay United Supporters Trust down to Torquay all those years ago.
The fan ownership model is to ensure the club is run sustainably and democratic control is retained. It enables the maximum profit to be ploughed back into the club and prevents the shares being used as a vehicle for profit. Given the value of the Champion Hill ground itself and the recent history of property speculation around the Club, protecting the Club from this in the future is one of the Trust’s main aims. HPG’s plan is to hand the Club over as a sustainable operation with a business plan in place, without the need for large capital sums to be raised. For these reasons the Trust has always been working towards the Club becoming a CBS which is 100% owned by DHFC Ltd. Now they are being used as a pawn in a game of poker between the developers and the local authority who are unwilling to reduce their demand for the percentage of social and affordable hosing within the development and quite rightly so in my opinion!
Fan ownership of a professional football club is very desirable and ethical but so is sufficient affordable and social housing within any urban development and that is the conundrum!
[b]Therefore it is essential that the freehold remains in the public domain![/b]
The original owners of the freehold was Kings College London who developed a sporting complex there in 1912 and the Hamlet started paying there immediately. When the football club suffered financial problems in the nineteen eighties, much of the land they owned was sold for development of a Sainsbury's supermarket. As a result, a new stadium was built on the site of the old Champion Hill stadium, and the Sainsburys supermarket was built on what had been the training pitch before the 1980s. The 'new' stadium was opened in 1992. The club's record attendance at the new ground is 3,000, set for an Isthmian League Premier Division game against Maidstone United on 18 April 2015.
The ground was also used by Corinthian-Casuals from 1963 until 1968, Fisher Athletic from 2004 until they folded in 2009, and then by the new Fisher club between their formation in 2009 and 2016 when they moved to their own ground on Salter Road back in Rotherhithe where their spiritual home is. The Champion Hill ground It is listed by Southwark London Borough Council as an asset of community value
The Supporters’ Trust’s long term aim has been for the club to have stable ownership with healthy, transparent finances leading to success on the pitch. When the Trust was first formed it’s objective was to raise money which would be invested in the club for the benefit of supporters, whilst also at the same time acquiring a significant shareholding that would enable it to have a meaningful influence on behalf of supporters in the way the club was run. Since Hadley Property Group (HPG) took over control of the club in February 2014 the Trust’s objectives have evolved to include an ownership model that fully involves supporters.
Dulwich Hamlet FC Limited is a private company, which changed ownership in the mid-2000’s when the vast majority of its 300,000 shares were acquired by Nick McCormack. As well as the Football Club itself there are related businesses of the Health Club and the five-a-side pitches on Greendales behind the ground. At the current time, Champion Hill Stadium and Dulwich Hamlet FC Ltd (DHFC Ltd) are separate legal entities. Greendale Property Company Limited (Greendale) owns the freehold of the Champion Hill Stadium and surrounding locale, and has an exclusive option, through its associated company Hadley Property Group, to purchase the majority holding of the issued shares in DHFC Ltd (the legal entity that runs the football club) from the Football Club’s current owner, Nick McCormack. Since obtaining the option Greendale, through HPG, has invested considerable financial resources in DHFC Ltd and effectively runs the Football Club. If HPG obtains planning permission for its proposed new development of the site, then they have committed to exercise this option in full and purchase DHFC Ltd, with the ultimate aim of transferring ownership to the Trust.
The Trust has set up a fan-ownership sub-committee to engage with HPG and fans to develop a model for the Club to be fully fan-owned in the future. The Club’s present position means that they are in a unique position to plan, consult and prepare for a managed transition to a fan owned club.
In January 2015 they held an open “Ask the Experts” meeting with representatives from 4 fan-owned clubs to give fans an opportunity to ask questions of those who have a wealth of experience of both the transition to fan ownership and running a football club. They have established links with key personnel at fan owned clubs ~ Enfield Town, Portsmouth, Fisher, AFC Wimbledon and Lewes ~ who have all been very supportive and generous with their knowledge and advice.
They have worked closely with Supporters’ Direct, particularly with James Mathie, in relation to all aspects of fan ownership. As well as advice and guidance on the process, they provide model documents for the transition to owning the club, carry out due diligence on the club prior to taking over, and provide training for board members in relation to running the club in the future.
They have had a series of meetings with HPG focusing on the issues surrounding the progression to fan ownership. In April 2015 HPG issued a public statement confirming their intention to hand the club over to the fans [b]if their planning application is successful[/b]. Further they announced the appointment of Kevin Rye, formerly of SD, as a consultant to deal and the person who gave myself and the other three instigators of what became [b]TUST[/b] professional assistance and presentation assistance when we brought the concept of forming a Torquay United Supporters Trust down to Torquay all those years ago.
The fan ownership model is to ensure the club is run sustainably and democratic control is retained. It enables the maximum profit to be ploughed back into the club and prevents the shares being used as a vehicle for profit. Given the value of the Champion Hill ground itself and the recent history of property speculation around the Club, protecting the Club from this in the future is one of the Trust’s main aims. HPG’s plan is to hand the Club over as a sustainable operation with a business plan in place, without the need for large capital sums to be raised. For these reasons the Trust has always been working towards the Club becoming a CBS which is 100% owned by DHFC Ltd. Now they are being used as a pawn in a game of poker between the developers and the local authority who are unwilling to reduce their demand for the percentage of social and affordable hosing within the development and quite rightly so in my opinion!
[b]Fan ownership of a professional football club is very desirable and ethical but so is sufficient affordable and social housing within any urban development and that is the conundrum![/b]