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Enfield Town FC

Enfield Town FC has come a long way since their formation in 2001 working their way back up the non-league pyramid and perhaps most significantly moving into their new ground, the magnificent Queen Elizabeth II Stadium, in November 2011.

With the new Stadium the Club have secured their long term future and after years of ground sharing can now firmly position themselves at the centre of their community and benefit from the revenue that having their own home allows.

On securing the lease SDCD helped Enfield Town through the process of introducing an asset lock into their constitution. The asset lock prevents members voting to convert the Club into a Company and distribute assets to the shareholders. The extra protection should stop opportunists who don’t have the Clubs best interests at heart, and it makes the Club more attractive to funders and partners who can see that the Club will be around for the long term.

SDCD advised the Club through the process of adopting the new rules and are currently looking into potential capital funding projects to further improve the facilities at the QEII Stadium for the Club and the community.

Paul Millington Chair of Enfield Town said “Having moved in to our new home it was vitally important that we secured it for future generations through the asset lock.  The Clubs being owned by the fans was a structure that the local authority looked upon favourably and this additional step demonstrates our desire that the Stadium can never be taken away from the community.  SD helped us each step of the way in getting the rule changes made and assisted in explaining the benefits to the membership in a clear and concise way resulting in this being a unanimous decision”

Asset Purchase and Protection

 

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