Protecting, Preserving and Promoting Charlton Athletic for this and future generations
The Charlton Athletic Supporters' Trust (CAS Trust) was formally launched on the 5th of December 2012. This date was chosen because it marked the 20th anniversary of the club's return to the Valley from the exile years.
Background - Supporters Trusts
The Supporters Trust movement took off after the report of the UK Government’s 1999 Football Task Force, ‘Investing in the Community’. The report recognized the increasing frequency of football clubs getting into financial difficulties which threatened their continuing existence, and the detrimental effect this could have on a local community. The umbrella organization Supporters Direct was set up in 1990 with government funding with the aim “to secure a greater level of accountability and deliver democratic representation within football clubs”.
Supporters Direct is now the umbrella and regulatory body for nearly 200 Supporters Trusts in the UK with the following mission statement:
“Supporters Direct will increase the influence of supporters through ownership and involvement in their clubs. We will strive to ensure that all fans have the opportunity to have maximum involvement in the ownership and running of their clubs to enhance their club’s social and cultural value.”
Supporters Trusts are Industrial and Provident Societies (legal entities registered in England and Wales under the Industrial & Provident Societies Act 1965) and are regulated by the Financial Conduct Authority. They operate democratically and under rules set out by Supporters Direct in compliance with the 1965 Act.
There are over 30 football clubs fully owned by their Supporters Trust in the UK – the best known being Portsmouth, AFC Wimbledon and Exeter City.