Sorry this is 'off topic' but....
I set up a tennis club a few years back. I raised £48,000 to build the courts on a Council's land. It now has the cheapest membership fees for MILES around and we have 400 happy members. All monies and assets belong to the MEMBERS. No committee member has EVER taken wages or expenses.
We have raised a further £20,000 to cover resurfacing as required. We find we could make SO much money that we haven't raised our membership fees for 8 years and they are currently 1/70th the annual cost of one nearby club. We have stopped charging for social events, barbeques, etc.. This has kept our members VERY happy with us and we only lose members when they move away.
Do you think it would be a good idea to change the constitution so that, in the event of a hostile take-over by a BUSINESS who are seeking to make PROFITS from our members, the assets would need to be SOLD OFF and the money returned to the existing members, IN CASH. I suspect that might just STOP some company trying to find a way to force us out of our club so that they can get their hands on our assets, cash and lucrative membership.
I know this is WAY off topic and it has NO SIMILARITIES to the rest of this thread whatsoever but, with so many people having great ideas here, I thought you might be able to help me with this COMPLETELY DIFFERENT MATTER!
What would YOU do in my case? All we have EVER tried to do is to supply tennis facilities for nearby people to enjoy. We are NOT in it to make a profit!
Ian
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