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Wednesday, September 28, 2016

Bath City Set To Become Community Owned


Bath City is set to become a 'community owned asset' after the Big Bath City Bid raised over £300,000 to purchase a majority stake in the club.

Six new directors are to be appointed.

The 125 year old club is reported to want revitalising and refreshing.

The £300,000 raised by the BBCB will be used to buy shares in the club which will be added to the 87000 shares, out of a total of 500,000 supporters, they already have in the club giving them majority control.

BBCB's list of aims include:

  • Supporters will take a majority stake in the club and put democracy and community at its heart from day one
  • We will appoint a community impact director whose responsibility will be to ensure Bath City works with charities and good causes across the city to use the power of football for the benefit of disadvantaged members of our community
  • The club will wipe out a swathe of debts and gain access to new finance which will secure its medium term future while we work on a partial ground redevelopment
  • A new board will be created bringing in new skills, contacts and expertise, with six of its nine directors democratically accountable to supporters
  • Supporters and the community will be given a real voice in the club's future with more transparency, more ways to participate and more chances to give and demand feedback

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