gogledd cymru -live the dream gogledd cymru “2010 - 2011……playing in the premiership. this is...

GOGLEDD CYMRU -Live the dream

GOGLEDD CYMRU

“2010 - 2011……playing in the Premiership.

This is a realistic goal and work towards setting up the organisation, administration, coaches, finances and facilities should start in 2006/2007.” WRU STRATEGIC PLAN 2006


Criteria for Entry to the WRU Premiership

• Finance and administration

• Regulatory compliance

• Player Development Programme

• Minimum ground facilities

• Sept. in year prior to entry


Finance and administration

Unsuccessful business =

Successful business =


Models for success

• Benefactor

• Incorporated organisation


Benefactor


Mr. Hawkes ….. legal proceedings….to remove Mr. Cuddy as Ospreys joint director and force him to sell his 50 percent share in Neath Rugby Club.

mike

geraintOspreys

Neath


• 2005 bought Edge Hall Road, Orrell’s ground• Sold training pitches to developers • Rented clubhouse to Wigan Warriors - training complex• Clubhouse burnt down - mysterious circumstances• Sold the club

• no clubhouse • no training pitches • unable to afford the rent on their own ground. • play at John Rigby College as amateurs, • searching for land in the Orrell area to lease or buy.

Orrell Rugby ClubDave Whelan


Incorporated organisation


World's richest club, £170M/year

1878 Newton Heath L&YR F.C.

1991 floated stock exchange £47M

2006 private again

1890 private company

1902 Manchester United

2005 £800 million

FC United of Manchester


1899 Foot-Ball Club Barcelona

2006 - 4rd richest club in world

Més que un club (More than a club)

160,000 socios/members

Owned by members



• Legal entity in its own right.

• Employ, own, grants and borrow.

• Sign and deliver contracts.

• Independently of members’ personal responsibility.



• Limited Company

• Industrial and Provident Society


Limited Company

• Limited– By shares– By guarantee– CIC (Community Interest Company)


Company Limited by Shares

• Appropriate – profit distributing company– provide a service – make product at a maximum profit– return to shareholders in the business.

• Strict controls on its ability to raise money from the public


Company Limited by Guarantee

• No shares • Appropriate

– non-profit distributing company – for benefit of a defined community. – often social focus rather than purely financial. – aim to, at worst, break even. – rules setting out how any surplus should be used.

• Benefits from access to grants not always available to other company structures


Community Interest Company

• New - 2005 • Social enterprises

– profits and assets for the public good– CICs are easy to set up, – All the flexibility and certainty of the company form,

• Report to an independent regulator – how they are delivering for the community – how they are involving their stakeholders in their activities.– Community interest test. – Annual community interest reports.

• Assets protected for perpetuity


Industrial and Provident Society

• Bona Fide Co-operative Society

• Society for the Benefit of the Community.

• Register - Financial Services Authority (FSA) • Industrial and Provident Societies Acts.


Bona Fide Co-operative Society

• Democratic profit distributing organisation – provide a service – product at a profit – returning it to the members of the co-operative.

• Advantage over limited company – No strict controls over its ability to raise money – Its members should be paid a limited return on

capital.


Society for the Benefit of the Community

• Can issue shares to its members• Demonstrate why not formed as a company • Advantage over a company limited by

guarantee– Recognised as a not-for-profit organisation – Can receive grants – Social rather than a financial focus – Shares


The options

• Company Limited by Guarantee

• Community Interest Company

• Society for the benefit of the community


Cohesion (score is out of 9)

ATG-S ATG-T GI-S GI-T

4.12 2.57 5.12 3.80

ATG-T (Individual Attractions to the Group Task)Refers to members feelings about their personal involvement with the group’s task, productivity, goals and objectives

GI-S (Group Integration Social)Refers to member’s feelings about the similarity and unification of the group as a social unit.


Involvement

• Is this a fundamental problem with rugby?

• How can we make sure the players are involved?

• How can we make sure the members are involved?

• COOPERATIVE


The options

• Cooperative Limited by Guarantee

• Community Interest Cooperative Company


Recommendation

• Cooperative Community Interest Company

• ASSETS PROTECTED FOR PERPETUITY


Thank you

Dyfal donc a dyr y garreg."

gogledd cymru -live the dream gogledd cymru “2010 - 2011……playing in the premiership. this is...

Documents