Supporters Direct presented a new report in Parliament
10 December ~ A new report from Supporters Direct argues that introducing tax breaks for democratically owned clubs would benefit society as a whole. The proposal, which was launched in Parliament on Monday, recommends that clubs who meet certain criteria, including reinvesting surpluses and protecting community assets, should be exempt from corporation tax and benefit from gift aid. One club who would gain from this is Chester City, who are owned by supporters’ group City Fans United.
Neil Bellis, who is a director of the fans’ group, said: “Supporters Direct have shown that if clubs like ours were to receive these tax breaks there would be a significant public benefit. The proposed tax changes would be cost effective for the treasury as it would enable community owned clubs to be more sustainable and, in turn, increase the investment into their communities.” The Chester Chronicle have a full report on the proposals here.