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Old 6th June 2019, 10.45:49   #55-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

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Originally Posted by krux View Post
I'm not sure it is. However even if it was, I would want a proportionate stake in the club for the £ put in.
The members have contributed in excess of £1million already. Any potential buyer / investor would have to, as a minimum requirement match that and commit to running the club sustainably to ensure that we remain debt free.
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.
Old 6th June 2019, 10.48:18   #56-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

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Originally Posted by Quay Red View Post
The members have contributed in excess of £1million already. Any potential buyer / investor would have to, as a minimum requirement match that and commit to running the club sustainably to ensure that we remain debt free.
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.
That is not how business works. You don't go to investors and ask for the money you invested back. An investor will pay based on what the business is currently worth and maybe a premium based on potential growth. If the business is worth £1million then great, if it isn't and we have spent our Trust invested funds badly then we can't expect to get £1m for a business valued at say £500k
Old 6th June 2019, 10.54:21   #57-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

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Originally Posted by Haruki View Post
That is not how business works. You don't go to investors and ask for the money you invested back. An investor will pay based on what the business is currently worth and maybe a premium based on potential growth. If the business is worth £1million then great, if it isn't and we have spent our Trust invested funds badly then we can't expect to get £1m for a business valued at say £500k
Understand your point but this isn't like any other business.
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.
Old 6th June 2019, 10.56:08   #58-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

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Originally Posted by Quay Red View Post
Understand your point but this isn't like any other business.
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.
but that isn't what it is worth to the investor so it is irrelevant
Old 6th June 2019, 10.58:52   #59-0 (permalink)
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Default 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.
Old 6th June 2019, 10.58:54   #60-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

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Originally Posted by moynkeepthefaith View Post
I have no idea what his (Bryn Law's) agenda is but I would preach caution. We can argue the point about NDA's forever (and already have) but IMO a serious investor would not be deterred by what is currently in place.
Are we talking about Bryn Law ex president of WST?
Old 6th June 2019, 10.59:13   #61-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

I'd love to have been able to view these resolutions on Twitter, but alas the WST has blocked me. Our club?
Old 6th June 2019, 10.59:47   #62-0 (permalink)
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Default 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.
Old 6th June 2019, 11.04:42   #63-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

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Originally Posted by Ipswich Red View Post
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.
If such an investor is willing to put in the extra £200 - £400k a year then he should approach the board and offer the money for a place at the top table.
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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