European Bike Polo Championship! London?

Sports clubs can be set up as charitable organisations (most of England's local rugby clubs, etc, are probably charities) and this is what I was leaning towards. Limited liability (in the form of a company) might not be that great an idea, as directors would still have a fiduciary dury PLUS they'd have start filling out Tax Returns, etc. However, the charity could own 100% of the shares, in - say - Polo championships 2009 (as a special purpose vehicle) if necessary.

The charity organisers would benefit from it in the same way that the commitee of the local rugby club would - by playing in games, etc. There was never any question of distributing the money to London's polo players, although there might be a way to chanel any surplus funds to the London Courier Emergency Fund, the restoration of the Herne Hill bikes or other worthy causes.

Charities have a greater fiduciary burden than LLCs, at least that's my impression, after having looked into the question when I was with the London Bicycle Messenger Association. Also, as the LCEF is NOT a registered charity, any polo charity would not be able to give funds to it.