An organisation isn't a fan so technically, as neither SMiSA or Kibble are fans, the vast majority of shares are not owned by fans. You could possibly, in a round about way, make a case for SMiSA as it is a fans organisation but definitely not Kibble. As for the smaller shareholders, even though the original purchaser was probably a fan, the status of the current shareholders is anyone's guess (though probably mainly still fans). Hope that helps. [emoji16]