Punk Finance
This term caught my eye on the business pages of The Times.
Apparently it’s all about getting people and communities to take over businesses. The best example is FC United.
Apparently, the man begind this successful venture, Kevin Jaquiss, has been asked to help with solving the problem of the Royal Mail.
[…] Supporters trusts are community benefit societies – that is their qualitative difference, explained Kevin Jaquiss of Cobbetts. They are registered and charged to demonstrate this benefit, not to make money for its members. This has all kinds of implications for membership (one member, one vote democracy), for ‘interest’ (in the club an community, not in making a mint for a few), and for using people’s shares to raise capital mutually (‘punk finance’). […]
Pingback by Funding Fan Ownership « Changing Scottish Football | July 15, 2011 |