Exeter City FC:\u00a0from Greek tragedy to\u00a0community\u00a0triumph\u00a0<\/em><\/strong><\/p>\nIn 2003, Exeter City\u00a0Football Club\u00a0was relegated from the football league with club finances so dire it was forced into a Company Voluntary Arrangement (CVA)\u00a0and\u00a0its Chair and Vice Chair\u00a0were\u00a0arrested.<\/p>\n
However,\u00a02003 marks a decisive turn in Exeter\u2019s history. In February the Exeter City Supporters Trust formally changed its constitution in order to seek full ownership of the club; by September a cheque for \u00a320,000 was handed over and the club was theirs.<\/p>\n
The asset they bought faced debts of \u00a34.5m, and there the real work began. The Directors and Trustees negotiated a CVA\u00a0which would pay 10p in the pound, (this eventually turned out to be 7.1p in the pound) to creditors. At the same time, volunteers set about getting the ground up to playing standard and doing all the things that hadn\u2019t been done for many seasons in the way of maintenance.<\/p>\n
There were challenging times, with a\u00a0series of months where the Trust had to support the Club to the hilt and beyond and deal (albeit indirectly) with several\u00a0organisations\u00a0that\u00a0it felt\u00a0sought to hasten\u00a0its demise.\u00a0But the\u00a0highs\u00a0outweighed the lows.\u00a0The membership of the Trust grew to and sustained itself well beyond a membership of 2000.<\/p>\n
Then, in 2005 \u2013 in a moment of scarcely believable footballing romance \u2013 the struggling club played Manchester United at home in the FA Cup, and drew the match, sending the tie into a money-spinning replay at Old Trafford. The two games would net the club \u00a31m and help see off what remained of the debt by the end of the year. The club has remained community-owned ever since<\/p>\n
Exeter\u2019s longevity is, sadly, rare.\u00a0The Trust\u00a0pinpoints\u00a0two key factors that have allowed fan ownership to continue to flourish:<\/p>\n
\u201cFirstly, the consistent support, today, of well over 3,000 members, a number of whom have donated generously and regularly since the year 2000. This contrasts vividly with other Trusts, where once the most immediate events of crisis have gone they start to lose membership. Secondly, the Exeter Trust has had a regular influx of new Trustees who have brought many new skills and expertise to help the Trust operate.\u201d<\/em><\/p>\nAFC Wimbledon: from outrage to outstanding\u00a0<\/em><\/strong><\/p>\nThe Wimbledon story is utterly unique. After almost a hundred years in non-league football, the club flew up the football pyramid and to national prominence in the 1980s with an idiosyncratic group of players collectively known as the Crazy Gang. Although their brand of football was not always easy on the eye, the results were astonishing, culminating in a succession of top 10 finishes in the old First Division, and in 1988 an FA Cup victory.<\/p>\n
After this romance of a small club making dreams come true, for the supporters the slump that followed was unimaginable. In 2000 the club was relegated after 14 years in the top flight, but in truth \u2013 as we see again and again in football \u2013 what happened on the pitch was only part of the story. There had been strange\u00a0rumours\u00a0surrounding the club for years. Their\u00a0central problem had been unorthodox financial management and the fact that they never owned a ground capable of hosting top-flight football. In the 1980s there were\u00a0rumours\u00a0of a South London amalgamation club, and in the 1990s there was even talk of relocating the club to Dublin. That plan was fought off, but in 2003 the club was relocated to Milton Keynes. The community in Wimbledon had not just lost their club \u2013 to fans it had been stolen.<\/p>\n
In response, the supporters behind Dons Trust simply started again. As the deal to move to Milton Keynes was agreed, AFC Wimbledon was established. The Trust is not only committed to ensuring the sound running of the club, but also, to \u201cstrengthening the links between the club and the community of Wimbledon and the surrounding areas\u201d.<\/p>\n
Today, the club is one of the highest placed supporter-owned clubs in league football (like their predecessors, they have raced up the pyramid from the very bottom). And, with the club back in Merton its community arm (the Dons Local Action Group) is one of the very best in the country. In a single week during the Coronavirus crisis, 2,000 volunteers distributed more than 150,000 food packs. They play a huge local role in combatting local digital poverty, distributing laptops to children in the community. And they frequently work with a range of partners, including the local authority, to use their unique reach to help some of the most deprived communities in the country.<\/p>\n
There is no question that the Dons Trust, AFC Wimbledon and its wider supporter base are motivated by a clear defining purpose, built in part from the history of the old\u00a0Wimbledon FC\u00a0and in part from the unique circumstances of its foundation. The club was explicitly established and defined against the sort of club ownership model that can see a team ripped out of its community. But even here, the financial demands of running a club came close to tipping the supporters towards external finance, as the team sought to secure a home ground worthy of its aspirations.<\/p>\n
Nevertheless, AFC Wi<\/u>mbledon remains solely in fan ownership. The fans held on – and now, incredibly, after raising \u00a37.5m\u00a0through the Plough Lane Bond Scheme AFC Wimbledon is moving back home, to a new 9,300 seat stadium, in a deal pushed through by the fans for the club they love to bring it back to a permanent base in their local community.<\/p>\n","protected":false},"excerpt":{"rendered":"
Our new report calls for government to put a Community Club Ownership Trust at the heart of football reforms as part of its new review following the failed European Super League.<\/p>\n","protected":false},"author":17,"featured_media":21217,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"wds_primary_category":0,"footnotes":""},"categories":[339],"tags":[337,349,347],"acf":[],"_links":{"self":[{"href":"https:\/\/www.powertochange.org.uk\/wp-json\/wp\/v2\/posts\/15527"}],"collection":[{"href":"https:\/\/www.powertochange.org.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.powertochange.org.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.powertochange.org.uk\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.powertochange.org.uk\/wp-json\/wp\/v2\/comments?post=15527"}],"version-history":[{"count":0,"href":"https:\/\/www.powertochange.org.uk\/wp-json\/wp\/v2\/posts\/15527\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.powertochange.org.uk\/wp-json\/wp\/v2\/media\/21217"}],"wp:attachment":[{"href":"https:\/\/www.powertochange.org.uk\/wp-json\/wp\/v2\/media?parent=15527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.powertochange.org.uk\/wp-json\/wp\/v2\/categories?post=15527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.powertochange.org.uk\/wp-json\/wp\/v2\/tags?post=15527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}