John Terry is President. ABOUT CHELSEA PITCH OWNERS (CPO) Since it was formed in 1993 Chelsea Pitch Owners plc has protected Stamford Bridge from developers. The company is a non-profit organisation and is not listed on any Stock Exchange. THE CPO TEAM PRESIDENT John Terry Vice-Presidents: Neil Barnett, Steve Clarke, Marcel Desailly, Jimmy Floyd-Hasselbaink, Pat Nevin, David Webb, Ray Wilkins, Dennis Wise Chairman: Steve Frankham Directors: Rick Glanvill, Sean Jones, Charles Rose, Gray Smith Company Secretary Charles Rose The CPO also owns the name Chelsea Football Club Ltd, which is licensed back to the club on condition that the first team play their home matches at Stamford Bridge. This means that should Chelsea move to another stadium in the future, they would not be able to use the name Chelsea Football Club without permission from 75% of CPO shareholders. Fans are encouraged to purchase shares in order to secure the clubs future. Irrespective of how many shares are owned by an individual, voting rights are limited to 100 per shareholder to prevent any one person or organisation gaining control of the CPO. As of 2011, around 15,000 CPO shares have been sold. On 3 October 2011, Chelsea Football Club made a proposal to buy back the freehold land (owned by CPO) on which the football stadium at Stamford Bridge sits, which would pave the way for a move to a new ground. IN SHORT, Abramovich owns CFC but he can do nothing without insight from CPO which is headed by John Terry. CPO is owned by CFC fans, players and former players so long as you bought its shares. And thats why it is always sugested that Drogba should return in some leadership capacity. And he will. Chelsea Pitch Owners plc a is a non-profit organization that owns both the freehold of the Stamford Bridge stadium and the naming rights of Chelsea Football Club. Good to know.
Posted on: Sun, 09 Mar 2014 13:21:40 +0000
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