Quote:
Originally Posted by pagl
I still dont understand what anyone owns.
I dont feel like an owner, I dont have a share but I get to vote on the trust board and any acceptable rules.
Basically the trust board own the club, the club is a business/going concern and really thats it. Its run financially very well and basically underwritten by the trust.
After that there is nothing, ground rent the responsibility of another company/business.
The part time nature means we simply tread water and just deal with anything as it arises.
There is no strategy or planning as I think we would need to double/triple our resources to make this happen.
As BV says there are things that could/should be done but there is no appetite to open up these avenues. Having people like BV, QR and others to advise could propel us forward but it needs that desire to make some strategic decisions and also a structure in place.
Some will need to continue with a more admin role in the trust so it would not sit well.
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Not true. Understand where you're coming from re. ownership but you need to accept that it's basically a co operative.
The trust own the only shares in the club. The trust is it's members. The board it's representatives. The board don't own the club.
You have effectively, the same as every other member, one voting share as a co owner / member of the trust.
Financially your "share" is worthless, can't be traded, can be relinquished.
BV is right, a number of people were interested in investing, one in particular, if I remember rightly, in the COE.
The abuse that the Friends got was unbelievable, especially as we had informed the Trust chair at the time of our intentions to look for additional funding streams and received tentative approval.
It has to be remember that this was at a time when the trust were looking at purchasing the ground as well.
At the time I was critical of the boards approach as they would need to have raised around £4 million and this wasn't likely from the members at £12 a year. Ultimately, purchasing the club for £1 was the best / only option.