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Newcastle United – The Government Calls

nust_logo_smallAlong with other Trusts around the country, NUST were recently asked to put forward a submission to the Government with regard to the ‘Parliamentary Enquiry Into Football Governance’. The mood has definitely changed amongst supporters all over England and the Government has being forced to confront the problems that face every club, from the smallest right up to the powerhouses of the Premier League.

Within the extensive and detailed submission, NUST has called on the Government to make it a requirement for a financial stake in football clubs be given to a properly constituted Trust, or at very least there to be a requirement that supporters are allowed to buy a stake through their Trust.

To help supporters collectively raise significant sums to collectively own a significant stake, NUST are also calling for a raise in the current limit of £20,000 Equity investment per person through a Co-operative and that tax incentives similar to the Enterprise Investment Scheme are available to supporters wishing to invest.

The Trust is also asked the Enquiry to look into creating a new legal requirement for Supporters to have a voice/place on the Board of Clubs, as well as recognising the role that fans play in maintaining their clubs in the face of Financial and Corporate mismanagement throughout the Football Leagues.

The need for a review of the current fit and proper person test for board directors and owners is also highlighted, alongside the desperate necessity to establish a new Licensing System to ensure clubs are financially viable and self-sustaining on an annual basis.

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