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The English Premier League is currently acknowledged as the wealthiest - and most popular - domestic soccer league in the world.
The Premier League is owned by 20 shareholders - the member clubs, whose membership in the league is dependent on the performance of their football team in the Barclays Premier League.
The shareholders meet quarterly. Any shareholder can table a motion to be discussed at the meeting. Each shareholder is entitled to one vote and all rule changes and major commercial contracts require the support of two thirds of the clubs voting at a general meeting.
The Football Association is also a special shareholder. They have the right of veto in certain crucial areas, such as the appointment of Chairman and Chief Executive and promotion and relegation, but have no say on other areas of Premier League work.
The day-to-day business and statutory company responsibilities are handled by the Board of Directors, which comprises of Chairman and Chief Executive, and the full-time members of staff at the Premier League.
Shareholder meetings are held every other month during the season and the AGM is a two-day meeting held during the close season.
At the Summer AGM, relegated clubs will transfer their ordinary share to the promoted clubs.
