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Wrexham Talk about things related to Wrexham Football Club ! |
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6th June 2019, 10.45:49 | #55-0 (permalink) | |
retired & running a pub
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Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes
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This would ensure that if the new investor was to do a runner we could take up where we left off with money in the bank. |
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6th June 2019, 10.48:18 | #56-0 (permalink) | |
Taking coaching badges
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Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes
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6th June 2019, 10.54:21 | #57-0 (permalink) | |
retired & running a pub
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Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes
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If a new owner were to run the debts up without the trust having the resourses or protection to restart the business when it went @tits' up then the membership would be rightly pissed off. The business in this case is what it's worth to us. |
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6th June 2019, 10.56:08 | #58-0 (permalink) | |
Taking coaching badges
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Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes
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6th June 2019, 10.58:52 | #59-0 (permalink) |
Club Captain
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Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes
The board don't want any approaches from outside investors to buy all or part of the club, it would be turkeys voting for Xmas. I can fully understand this due to our recent past.
The problem at the moment is that as members we don't get reliable information regarding issues that impact on our club. The difference between the early meetings at the miners and other venues and meetings now is stark. Even though there were strong rumours of an offer for the club being turned down before the meet the manager event with BH no information was passed on to the members. Some of the attendees seemed to know some details but the rest of us were not informed. This leaves you feeling that we are being kept in the dark and fed on Sxxt. If the board wanted to they could make a counter resolution setting a lower figure than the existing but one that was more realistic than the £2k, however why would they they don't want any approach from outside investors. |
6th June 2019, 10.59:47 | #62-0 (permalink) |
Cult Hero
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Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes
I agree that £50K is far too high for some looking to invest in the club. Anyone with sufficient money to effectively write off £50K won't be looking at Wrexham to buy. The goal of protecting the club appears to have grown in to an unstoppable entity that ironically could be our downfall as it is preventing investment. Regardless of the opinions on here, Wrexham FC remains a hugely attractive club to investors interested in growing a sleeping giant rather than investors looking strip (as we have no assets to strip any more) and an additional £200-400K a year on top of our budget would allow us to buy the marquee signings that we all desire. If you consider £50K as a percentage of this, it's quite significant.
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6th June 2019, 11.04:42 | #63-0 (permalink) | |
retired & running a pub
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Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes
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on that basis, £5k deposit for the club to verify that the funding is there or cash up front should be enough to get the members approval. The £50 k wouldn't even be an issue then. |
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