Quote:
Originally Posted by TopCornerFergie
I'm open to be corrected on this - but it's my understanding that any monies received from a sale of the Club would be distributed amongst local charities.
There would be no financial benefactor, and the idea of putting it in a rainy day fund would be very dubious.
What's it going to be used for? To cover the bills of the new owners when they run out of cash?
Sell it for £1 and let them use as much money as possible turning us into a professional outfit.
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Couldn’t the WST negotiate a buy back option then keep the money for that or buy an investment with some sort of income to fund the Trust in the future for different ventures. (Maybe buying a local Sunday league club)
Unless the new owners are legally obligated to invest £2M into the club then what is the point of selling it as it would be basically giving the club away.