Part 1Purpose, overview and key definitions
3Meaning of “owner” etc
(1)
In this Act, references to an “owner” of a club are to be construed in accordance with Schedule 1.
(2)
For the purposes of this Act, a club’s “ultimate owner” is—
(a)
where the club has only one owner, that owner;
(b)
where the club has more than one owner and one owner exercises a higher degree of influence or control over the activities of the club than any other owner, that owner;
(c)
in any other case, each owner of the club who exercises a degree of influence or control over the activities of the club that—
(i)
is the same as another owner, and
(ii)
where there are other owners, is a higher degree of influence or control than any other owner.