Nigel Farage’s startup politics:
It was only then that “The Brexit Party Limited” — the company behind the party that was created in November last year — gave notice that Farage had taken “significant control” of the business, with the right to remove and replace a majority of the board of directors.
The company documents reveal a unique structure for a U.K. political party which gives almost total control to its leader, front of shop — and back. (...)
There are only two directors of the company — Farage and his friend, the Brexiteer businessman Richard Tice. The company secretary is Phillip Basey, a former UKIP activist, who was appointed in March. And there are five undisclosed shareholders, with each share worth £1.
Official government guidance suggests anyone with “significant control” is likely to have more than 25 percent of the company’s shares, which in this case, means that Farage owns at least two of the shares. (...)
But despite a support base that is close in size to the membership of the ruling Conservative Party, the Brexit Party has no "members" itself, a party spokesperson said — just registered supporters. (...)
he Brexit Party's structure is highly unusual in British politics. Theresa May, for example, is answerable to more than 300 MPs, hundreds of Conservative associations and a 1922 committee of backbenchers, which guards the rules that govern leadership challenges. (...)
His other influence is the far-right Dutch populist Geert Wilders, who is the only member of his party. This allows Wilders to dictate the party's finances and political course.
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