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Wrexham Talk about things related to Wrexham Football Club ! |
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19th June 2017, 09.29:21 | #21-0 (permalink) |
Due a Testimonial
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Re: Wst accounts
My apologies, funds were more like £25K (missed the paypal account).
WST had also made an internal transfer of £20K to WAFC, now if this was a short term loan an due to be repaid then that would take funds up to £45K it would be possible to invest. However if it was an investment in the way of buying more Share Capital then it is done. |
19th June 2017, 09.30:05 | #22-0 (permalink) |
retired & running a pub
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Re: Wst accounts
You make a very good , and serious , point. The last Auditors' report on the Club accounts stated that the Club relies on financial support from WST in order to continue trading. I suspect few Members were aware, until you pointed it out, that WST funds were so low. Recognising such problems , and addressing them , does not represent criticism of the current Board or attacking the principle of Fans' Ownership as some seem to believe.
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"Supporting Wrexham since 1926 and forever more" |
19th June 2017, 09.38:39 | #26-0 (permalink) |
Taking coaching badges
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Re: Wst accounts
And this is exactly the point. This resolution will be voted through as people trust the trust but would it be voted through if everyone had the information at hand? I think not as I assume most would follow your logic
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19th June 2017, 09.51:54 | #27-0 (permalink) | |
Due a Testimonial
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Re: Wst accounts
Quote:
Although I wonder who would make such a large injection into the WST rather than the club? In the event of such a huge donation an EGM would suffice (and probably be a good idea!) |
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