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Clubs and societies

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Clubs and societies often start locally. Thus in Britain, some have their origins in London coffee houses, and have grown into august institutions like the London Stock Exchange, Lloyd’s of London and the Royal Society of Arts. [11] Most clubs remain small, but others grow, like the All England Lawn Tennis Club, the not-for-profit organisation which runs Wimbledon, and now attracts over 500,000 visitors, as well as commercial sponsorship coverage worldwide on broadcast television.

A few grow into major enterprises, like the Royal Automobile Club, The Automobile Association, and football clubs like Manchester United. These may hive off operations into public companies or even become public companies themselves. Thus, many building societies, which came about through people clubbing together to build their homes, have also either turned into or become part of major groups.

Creating Risk Capital

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