If an investor takes majority ownership do they ‘buy’ the 20+ % shares from the WS? Does that money go into the society funds? Do they need to buy my £200 of shares to take their holding up to the 50%, do I get that money? Is there any guarantee of money actually being invested in the club? The new guys now control things, they can spend money or not as they wish. Do the new investors use their own money or do they encourage the WS to transfer funds for the good of the club?
Any investor is going to walk away after a period of time (five years, 10 years?), they will want an exit and will want their money back.