FAQs
Q1. What is a Community Interest Company (CIC)?
A CIC is a company set up to benefit the community rather than private shareholders. Our CIC limited by shares locks assets for community benefit and is regulated by the CIC Regulator.
Q2. Why did the club choose a CIC limited by shares?
This structure allows fans to own shares while ensuring that profits and assets primarily benefit the club and community, not solely private investors. This model is aligned with our values of what a community club should be. Our CIC requires at least 65% to be re-invested into AFC Welwyn or other projects that benefit the community.
Q3. How do I become a shareholder/owner?
You purchase community shares issued by the club via one of our six packages available on this website under the “become an owner” section.
Q4. Do I get voting rights as a shareholder?
Yes. You will be able to vote on key decisions and influence and shape the club.
Q6. How much of the club will be owned by the fans?
Over 51% will be owned by the fans which will result in the fans having the final say on the big decisions which will go to a shareholders vote.
Q5. Can I sell or transfer my shares?
Shares are non-transferable except back to the club, in line with the articles of association.
Q6. Will I receive dividends?
Yes, if the club generates profits. CIC shares typically have a cap on financial return, and any surplus is reinvested for community benefit. Our CIC model caps dividend at a maximum of 35% of profits.
Q7. Will I have any financial liabilities towards the club if I become an owner?
No, other than your commitment to paying your monthly fees you will have no financial liabilities towards the club.
Q8. How long do I have to commit to ownership for?
We would hope that you will come on this journey all the way to the football league however the minimum fixed period is 24 months.
Q9. What if I can no longer afford the monthly ownership fees?
If you can no longer afford to meet the cost of the monthly ownership fees we can cancel your Direct Debit and your membership and ownership rights will be forfeited. This will be outlined in the Articles of Association.
Q9. Who runs the club day to day?
Elected board of directors—mostly fan-owners—oversees operations. Major decisions are put to a shareholder vote.
Q10. How often are AGMs (Annual General Meetings) or key votes held?
At least once a year, plus any SGMs (Special General Meetings)
Q11. Can fans stand for election to the board?
Yes, provided you meet the eligibility criteria set out in our articles and governance policy.
Q12. What is the “asset lock”?
The CIC’s asset lock means club assets can only be used for community benefit and can’t be sold off for private gain.
Q13. What happens if the club dissolves?
Any remaining assets must be transferred to another asset-locked body (like another CIC or charity) and cannot be distributed to shareholders.
Q14. Will I receive a share certificate.
Yes, this will be sent to you after you have become an owner
Q14. The big question - Can I make profit or receive a return on my investment for my share of ownership of AFC Welwyn?
Yes, although the rules of a Community Interest Company limited by shares limits the dividends to 35% of profits and 65% of profits have to be re-invested into community project.