Who Owns Scottish Football click these buttons on

Who Owns Scottish Football? click these buttons on and off to see which clubs follow each ownership model, then click on a club crest for more detail PUBLICLY TRADED PRIVATELY OWNED OTHER MINORITY SUPPORTER OWNED (10 -50%) MAJORITY SUPPORTER OWNED (>50%) click here to see the level of engagement at each club WHOLLY SUPPORTER OWNED (100%) ?

Engagement and Representation In 2014, the Working Group on Supporter Involvement in Football Clubs (made up of the SFA, SPFL, Supporters Direct Scotland, Scottish Government and Sportscotland) provided recommendations on reducing barriers to further involving fans within their clubs. Some of these recommendations were ultimately not accepted or pursued by clubs, but are still regarded by SD Scotland as good practice, and have been used as the basis for the SD Scotland Index. • Engagement… do the club: – have a Supporter Representative? – have a Supporter Liaison Officer? – engage in Structured Dialogue with supporters? • Transparency… do the club: – publish financial data on their website? – list the directors of the club on their website? – provide details of who owns the club on their website? – publish the number of board meetings held, and the directors attending?

Engagement and Representation click these buttons on and off to see the level of engagement at each club , then click on a club crest for more detail SUPPORTER OWNED BOARD REPRESENTATION SUPPORTER LIAISON OFFICER click here to see the ownership status of each club STRUCTURED DIALOGUE

Aberdeen Football Club Shares with Voting All. Rights Shares(Ordinary and 'A' 7. 9% Shares) 2. 1% 21. 8% 3. 4% Aberdeen Asset Management plc Stewart Milne 3. 7% William Donald Elaine Donald 3. 7% Aberdeen FC Community Trust White Rose Nominees Ltd Others 42. 7% ENGAGEMENT Support Representative Support Liaison Officer Structured Dialogue TRANSPARENCY 5. 7% 15. 5% 63. 8% 9. 4% Share data: November 2016 10. 2% Financial data published Directors identity published Ownership published Board meeting details published Aberdeen Asset Management plc own 63. 8% of the total shares in the football club, but these are preference shares with no voting rights. BACK TO INDEX…

Celtic Football Club ENGAGEMENT D Desmond Telsar Holdings SA Depfyffer & Associates The Bank of New Yprk (Nominees) Ltd Hanom 1 Ltd 38. 1% Others Support Representative Support Liaison Officer Structured Dialogue TRANSPARENCY 52. 2% Share data: June 2016 5. 3% 2. 1%2. 2% Financial data published Directors identity published Ownership published Board meeting details published Although Celtic plc shares are traded on the stock market, directors’ shareholdings and other significant shareholdings are listed in the company’s accounts. BACK TO INDEX…

Dundee Football Club 3. 2% Football Partners Scotland LP (Tim Keyes, Stephen Martin and John Nelms) Dundee FC Supporters Society ENGAGEMENT 3. 4% Support Representative Support Liaison Officer Structured Dialogue 4. 0% 4. 7% Stephen Martin The Forfar Roof Truss Company Ltd Graham Thomson, Stephen Martin and Peter Marr as Trustees TRANSPARENCY Others 27. 4% Share data: February 2017 57. 4% Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Hamilton Academical Football Club ENGAGEMENT 4. 2% Edencrest Ltd Colin Mc. Gowan Krista & David Mac. Donald 25. 0% 37. 5% Clan Business Consultants Ltd (Leslie Gray & Alan Wardrop) Others Support Representative Support Liaison Officer Structured Dialogue TRANSPARENCY Share data: June 2017 95. 8% 37. 5% Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Heart of Midlothian Football Club ENGAGEMENT 6. 0% Support Representative Support Liaison Officer Structured Dialogue Bidco (1874) Ltd (Ann Budge) Quantum Holding SA 15. 0% Others TRANSPARENCY Share data: December 2016 79. 0% Financial data published Directors identity published Ownership published Board meeting details published The “Foundation of Hearts” campaign has an agreement to purchase the majority shareholding in Hearts. BACK TO INDEX…

Hibernian Football Club ENGAGEMENT HFC Holdings Ltd Support Representative Support Liaison Officer Structured Dialogue 10. 9% Various Investment Groups Hibernian Supporters Ltd Tom Farmer 10. 2% Rod Petrie Other Small Shareholders TRANSPARENCY 12. 5% 66. 4% Share data: December 2016 90. 0% 10. 0% Financial data published Directors identity published Ownership published Board meeting details published Tom Famer’s shareholding is held via Infocus Investments Ltd, which is owned through Maidencraig Investments Ltd. BACK TO INDEX…

Kilmarnock Football Club ENGAGEMENT 9. 3% Michael Johnston Bill Bowie The Kilmarnock Community Sport Trust James Mann 1. 8% 2. 0% 2. 6% 3. 3% 39. 5% John Kiltie Russell Smith TRANSPARENCY Kilmarnock Supporters Society Ltd Others Share data: December 2016 Support Representative Support Liaison Officer Structured Dialogue 39. 5% Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Motherwell Football Club ENGAGEMENT 8. 0% 4. 4% William Samuel John Walker John Peacock Support Representative Support Liaison Officer Structured Dialogue 3. 3% The Well Society 4. 5% William Dickie Others Share data: January 2017 6. 0% TRANSPARENCY 73. 7% Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Partick Thistle Football Club ENGAGEMENT 19. 3% The Partick Thistle Football Club Trust Jags Trust Arch Investments Ltd (the Hughes family) Edward Prentice 41. 3% Ronnie Gilfillan 7. 5% Christine Weir Colin Weir Others 7. 5% Share data: December 2016 5. 0% 7. 1% Support Representative Support Liaison Officer Structured Dialogue TRANSPARENCY Financial data published Directors identity published Ownership published Board meeting details published The Partick Thistle Football Club Trust are not listed at Companies House. BACK TO INDEX…

Rangers Football Club ENGAGEMENT 14. 6% Dave King Club 1872 Shares CIC George Taylor Sandy Easdale Douglas Park 10. 7% 40. 0% Julian Wolhardt Support Representative Support Liaison Officer Structured Dialogue TRANSPARENCY River and Mercantile Asset Management LLP George Letham 9. 3% Others 6. 5% Share data: December 2017 4. 0% 4. 3% 4. 5% 6. 1% Financial data published Directors identity published Ownership published Board meeting details published On the same day Rangers’ 2017 confirmation statement was filed with Companies House, they also filed notification of Alastair Johnston and Barry James Scott as “persons with significant control” in the company. However, neither is listed as holding a significant shareholding at that date. BACK TO INDEX…

Ross County Football Club ENGAGEMENT Support Representative Support Liaison Officer Structured Dialogue SLLP 149 Ltd (Roderick Mac. Gregor) Winifred Matheson Global Highland Man. Services 32. 6% Leo Daly John Maclean Electrical Gavin Ryder TRANSPARENCY Others 56. 1% Share data: May 2016 1. 3% 1. 4% 2. 1% 2. 5% 3. 9% Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

St Johnstone Football Club ENGAGEMENT Support Representative Support Liaison Officer Structured Dialogue 19. 0% Geoff Brown Bob Reid Others TRANSPARENCY 20. 0% Share data: September 2017 61. 0% Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Brechin City Football Club Unincorporated - not listed at Companies House ENGAGEMENT Support Representative Support Liaison Officer Structured Dialogue TRANSPARENCY Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Dumbarton Football Club ENGAGEMENT 7. 8% J Kane A Jardine Sons Supporters Trust W Walker Support Representative Support Liaison Officer Structured Dialogue 2. 5% Brabco 736 Ltd 2. 9% 3. 0% 5. 7% D Cameron TRANSPARENCY Others Share data: October 2017 75. 4% Financial data published Directors identity published Ownership published Board meeting details published Brabco 736 Ltd are owned by Granada Enterprises Ltd, registered in Belize, ownership unknown. BACK TO INDEX…

Dundee United Football Club ENGAGEMENT 11. 3% Stephen Thompson Justine Mitchell Support Representative Support Liaison Officer Structured Dialogue 3. 3% The Arabs Trust Others 51. 8% 33. 7% Share data: May 2017 TRANSPARENCY Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Dunfermline Athletic Football Club ENGAGEMENT Pars United Graham Thomson Dunfermline Athletic Supporters Society Pars Supporters Trust Support Representative Support Liaison Officer Structured Dialogue 23. 3%3. 1% Christopher Mc. Bay Carron Holdings Ltd (John Hewitt & David Mc. Morrine Ross Mc. Arthur 34. 5% 4. 0% James Mullen Thomas Maguire Scott Mullen 6. 6% Donald Adamson Others 6. 4% Share data: December 2016 93. 6% 4. 0% 6. 0% 4. 7% 5. 2% TRANSPARENCY Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Falkirk Football Club ENGAGEMENT Sandy Alexander Edward Moffat 18. 8% 22. 9% Gean Developments Ltd (Douglas & Marjorie Mc. Intyre) William Ritchie Colin Liddell Paul Healey Lex Miller WJ Electrical (William & Lois Jones) MR Timber (William & Mairi Ritchie) Bairns Trust Others Share data: June 2017 9. 2% 3. 7% 4. 0% 9. 1% 4. 6% 5. 1% 6. 7% 8. 4% 7. 4% Support Representative Support Liaison Officer Structured Dialogue TRANSPARENCY Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Greenock Morton Football Club ENGAGEMENT Golden Casket 5. 7% 1. 3% 4. 6% Morton Supporters Trust 33. 8% Buchanans (Scotland) Ltd (CM & SK Rae) Duncan Douglas Faulds Rae 17. 2% Adrienne Mc. Lean Rae Crawford Mc. Lean Rae TRANSPARENCY Gillian Finch Others 17. 2% Share data: December 2016 Support Representative Support Liaison Officer Structured Dialogue 88. 5% 31. 8% Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Inverness Caledonian Thistle Football Club ENGAGEMENT Inverness Caledonian Thistle Trust Ltd Support Representative Support Liaison Officer Structured Dialogue 21. 8% 23. 0% Highland Hospice Muirfield Mills Ltd ICT Supporters Society Orion Engineering Roderick Ross TRANSPARENCY 3. 0% David Cameron Others 5. 1% 17. 2% 8. 2% Share data: February 2017 10. 4% 11. 3% Financial data published Directors identity published Ownership published Board meeting details published ICT Supporters Society, in addition to their ordinary shareholding, hold 108 shares with enhanced voting rights. These shares collectively hold votes equal to 10% of the total number of votes attributable to all of the ordinary shareholders, giving them 10. 4% of the company’s voting rights. Caledonian Football Club and Inverness Thistle Football Club each hold non-voting shares in the company. On 16 th August 2017 it was reported that Highland Hospice has sold its shares to Alan Savage, Iain Mc. Gilvray and Dougie Mc. Gilvray. BACK TO INDEX…

Livingston Football Club ENGAGEMENT Livingston 5 Ltd Livingston Independent Supporters Trust 6. 8% Support Representative Support Liaison Officer Structured Dialogue 3. 3% 1. 8% Walter Hay SW-IDS Partnership Gerard Nixon 24. 6% TRANSPARENCY 75. 4% Share data: August 2017 88. 1% Financial data published Directors identity published Ownership published Board meeting details published In April 2017 an agreement was announced for Livingston 5 Ltd’s shareholding to be bought by a company led by John Ward, subject to the completion of due diligence, and the launch of a fans share offer. In August, Livingston 5 Ltd’s confirmation statement listed SW-IDS Partnership as the majority shareholder, but at present no more is known about this partnership. BACK TO INDEX…

Queen of the South Football Club ENGAGEMENT David Rae Support Representative Support Liaison Officer Structured Dialogue 24. 2% William Hewitson Thomas Harkness Janet Anderson Eileen Learmont Dumfries Common 46. 3% TRANSPARENCY Lynne Bradford-Mc. Gill 6. 0% QOS Supporters Society Ltd Others 5. 3% Share data: November 2017 4. 8% 0. 6%3. 7% 4. 4% Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

St Mirren Football Club ENGAGEMENT 21. 5% Gordon Scott The 1877 Society (SMISA) Ken Mc. Geoch Others 41. 2% Support Representative Support Liaison Officer Structured Dialogue TRANSPARENCY 9. 0% Share data: December 2016 28. 3% Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Airdrieonians Football Club ENGAGEMENT 3. 6% 4. 1% Airdrie Football Club Ltd Airdrie United Supporters Society Support Representative Support Liaison Officer Structured Dialogue 5. 0% 4. 4% M&H Logistics Ltd (Tom Wotherspoon) Gavin Spiers James Ballantyne 8. 6% Rose Ballantyne TRANSPARENCY Ann Ballantyne Others 11. 1% 68. 2% Share data: May 2017 95. 0% Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Albion Rovers Football Club Traced Total Shares Anton Fagan (Trust) Andrew Beattie Graeme Forrester Jack Mc. Googan ENGAGEMENT 21. 6% 28. 8% Fiona Marwick David Shanks 41. 0% Hugh Munro 44. 9% Robert Watt 6. 9% A Higgins Reilly Family Untraced shares Others Share data: January 2017 2. 3% 5. 0% 2. 7% 3. 8% 2. 6% 2. 8% 5. 0% 4. 2% 2. 8% 11. 9% 3. 1% Support Representative Support Liaison Officer Structured Dialogue TRANSPARENCY Financial data published Directors identity published Ownership published Board meeting details published 41% of Albion Rovers shares are listed as “Cliftonhill Suspense”, to indicate that these shares are untraced, their owners presumably having died and the shares now dormant. BACK TO INDEX…

Alloa Athletic Football Club Michael Mulraney 1. 3% 2. 4% 2. 7% ENGAGEMENT 5. 4% Support Representative Support Liaison Officer Structured Dialogue William Mc. Kie Ian Henderson JMK Taylor Alexander Taylor Others TRANSPARENCY Share data: June 2017 86. 9% Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Arbroath Football Club ENGAGEMENT 7. 2% 7. 1% Michael Caird Neil Grant Ian Caird 4. 6% Anne Mc. Keown 2. 6% Edward Scott Steven Caird 2. 5% Robert Cargill 2. 3% Steven Cargill 2. 3% Others 69. 1% Share data: December 2017 Support Representative Support Liaison Officer Structured Dialogue TRANSPARENCY Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Ayr United Football Club Shares. Total with Shares Voting Rights Lachlan Cameron ENGAGEMENT 22. 7% 23. 8% Bill Barr Mark Meehan David Mc. Kee Lewis Grant 43. 5% Untraced / missing Others TRANSPARENCY 5. 1% 6. 0% 60. 5% 2. 7% 11. 6% 3. 0% Share data: December 2016 Support Representative Support Liaison Officer Structured Dialogue 6. 1% 15. 0% Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

East Fife Football Club ENGAGEMENT Support Representative Support Liaison Officer Structured Dialogue Bayview Fife Ltd (Loraine Twigg) 27. 3% A Rodger J Rodger East Fife Supporters Trust D M Stevenson Others 51. 4% 3. 0% 3. 1% 4. 2% Share data: December 2016 11. 1% TRANSPARENCY Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Forfar Athletic Football Club ENGAGEMENT Support Representative Support Liaison Officer Structured Dialogue James Farquhar Alan Taylor Astute (Scotland) Ltd Scott Murdie 38. 1% Others 51. 4% Share data: December 2016 2. 3% 3. 5% 4. 6% TRANSPARENCY Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Queens Park Football Club Private company limited by guarantee without share capital ENGAGEMENT Support Representative Support Liaison Officer Structured Dialogue TRANSPARENCY Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Raith Rovers Football Club Ltd Raith Rovers Holdings Ltd Starks Park Properties Ltd New Raith Rovers Ltd ENGAGEMENT Support Representative Support Liaison Officer Structured Dialogue NRR Investments Ltd (John Sim) Starks Park Properties Ltd Raith Rovers Holdings Ltd Raith Supporters Trust Raith Rovers Supporters Club New Raith Rovers Ltd Margo Hutton 13% 29% 6% 8% 11% 9% 58% 6% 18% 21% TRANSPARENCY 27% Val Mc. Dermid Others Share data: November 2017 (tbc) 76% 46% 73% Financial data published Directors identity published Ownership published Board meeting details published A takeover by Starks Park Properties Ltd (previously a minority shareholder, and owner of the stadium) was concluded on 16 th August 2017. Full details of the takeover transactions are still to be confirmed, but we understand that Starks Park Properties Ltd now owns 76% of Raith Rovers FC Ltd and 58% of Raith Rovers Holdings Ltd, resulting in an effective shareholding of 86% in “the club”. Starks Park Properties Ltd is owned by John Sim (73%) and New Raith Rovers Ltd (27%) – New Raith Rovers Ltd is the company where the Raith Supporters Trust holds shares on behalf of all the official supporters groups at the club. BACK TO INDEX…

Stranraer Football Club Unincorporated - not listed at Companies House ENGAGEMENT Support Representative Support Liaison Officer Structured Dialogue TRANSPARENCY Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Annan Athletic Football Club Unincorporated - not listed at Companies House ENGAGEMENT Support Representative Support Liaison Officer Structured Dialogue TRANSPARENCY Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Berwick Rangers Football Club ENGAGEMENT Berwick Rangers Supporters Club Berwick Rangers Supporters Trust Alan Montgomery 33. 3% 33. 9% John Hush Leonard Eyre William Mc. Laren TRANSPARENCY Others 2. 8% Share data: May 2017 Support Representative Support Liaison Officer Structured Dialogue 3. 1% 3. 4% 5. 1% 18. 4% Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Clyde Football Club ENGAGEMENT Support Representative Support Liaison Officer Structured Dialogue Member Shares TRANSPARENCY Share data: December 2016 100. 0% Financial data published Directors identity published Ownership published Board meeting details published Clyde Football Club is a Community Interest Company. Only ‘Member Shares’ have voting rights (one member, one vote). In addition to the 317 ‘Member Shares’, there are 1, 607, 905 non-voting ‘Foundation Shares’. BACK TO INDEX…

Cowdenbeath Football Club ENGAGEMENT 10. 9% Donald Findlay Cowdenbeath Supporters Club Support Representative Support Liaison Officer Structured Dialogue 2. 8% Others TRANSPARENCY Share data: October 2017 86. 2% Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Edinburgh City Football Club Private company limited by guarantee without share capital ENGAGEMENT Support Representative Support Liaison Officer Structured Dialogue TRANSPARENCY Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Elgin City Football Club ENGAGEMENT Robertson Group Ltd 65. 0% Leslie Benzies 24. 0% Scotscoup Innes Miller William Robertson 40. 5% Hilda Robertson Elliot Robertson Sonya Edgar Others TRANSPARENCY 4. 3% 5. 6% 25. 0% 6. 8% Share data: May 2017 Support Representative Support Liaison Officer Structured Dialogue 18. 7% 5. 0% Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Montrose Football Club ENGAGEMENT 16. 2% Celurca Investments Ltd (Peter Stuart) John Paton John Wood Colin Maver Links Park Community Trust 2. 4% 2. 7% William Bruce 3. 0% John Crawford 3. 2% 40. 1% TRANSPARENCY Derek Sim David Laing Montrose FC Supporters Club Others Share data: October 2017 Support Representative Support Liaison Officer Structured Dialogue 3. 6% 3. 7% 4. 5% 7. 2% 13. 5% Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Peterhead Football Club ENGAGEMENT 14. 3% Support Representative Support Liaison Officer Structured Dialogue Ian Grant Rodger Morrison Leslie P Taylor (estate) Charles Donaldson George Watson Others 2. 1% 7. 9% TRANSPARENCY 55. 4% 18. 3% Share data: August 2017 Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Stenhousemuir Football Club ENGAGEMENT Support Representative Support Liaison Officer Structured Dialogue 20. 8% Warriors Sports Society M Laing W Whyte J Gammie D Hattersley Others 6. 6% 58. 1% 5. 4% 4. 7% Share data: August 2017 4. 5% TRANSPARENCY Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…

Stirling Albion Football Club Stirling Albion Supporters’ Society Alasdair Dunn ENGAGEMENT 0. 9%3. 5% 2. 2% 1. 7% 2. 6% Support Representative Support Liaison Officer Structured Dialogue 2. 6% John Oswald William Gilchrist John Hunter Ian Allardice TRANSPARENCY Douglas Clark Others Share data: December 2016 84. 7% Financial data published Directors identity published Ownership published Board meeting details published BACK TO INDEX…