Obviously, this gets handled under UK charity law, not US — but I wonder if this would fly in the US. Charities can own for-profit entities, but pay taxes on the Unrelated Business Income.

But this is closer to a for-profit hospital conversion on steroids, where the driver becomes the profit, not the the charity. There’s a very obvious conflict of interest between the charity, management, and the public investors, which could turn into a carnival for lawyers.