Proposed Agenda for WST EGM 2019

[krux]

Originally Posted by -luke

Yes it is...

We have to pay 100k per year

Thats not what we make on it though is it. Therefore not an asset.

You dont make money on an asset simply by owning it. You have to use it to derive benefit.

I own a shop in town. It is an asset. I make money from it by opening it as a shop and using the asset.
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[krux]

Originally Posted by FieldtownRed

From investopedia:

“What Is an Asset?
An asset is a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide a future benefit.”

I’d say it’s an asset to us.

Future benefit? Like being able to play football matches there!
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[Hometown Unicorn]

Originally Posted by krux

Future benefit? Like being able to play football matches there!
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Matchday income, yes.

The football definitely isn't of any benefit though if that's what you mean!

[crazywelsh]

Originally Posted by -luke

Im not going to change your mind on this, not going to try. I agree that when there is potential investment it shouldnt be left to the wst or club board to decide whether to share this information, it should be mandatory.

Could you detail though, what would any investor be buying? A team of bargain basement players probably valued at less than the cost of some used cars and food kiosks capable of turning out undercooked chips on an impressively consistent basis?

As a commercial proposition we are a massive risk. We havent demonstrated an ability to grow in value through on pitch success. Our returning customer is a core fanbase of approx 4k amd merchandise sales cant be more than 100k a year (correct me on this someone who knows please).

We are not worth investing in to an outsider.

Instead the only investment that makes sense to me is either someone with a wealth so large that they could transform us oil tycoon style or a fan who wins a few quid on the lotto and doesnt want a return on their money - a goodwill loan or investment.

Like it or not the trust model is what we will have going forward unless one of the above steps forward

Please do though tell me what you think we have that is worth buying.

Well Dixie can tell you what your saying is rubbish, I can tell you also that it is.

The trust model is the only model because they have blocked someone who used to be involved ... so yes we are worth investing in!

Your running the spin that there isn’t or hasn’t been interest it was blocked by the board 100% that’s what I don’t think your understanding.

That’s why I’m not happy this certainly needs addressing they released it themselves saying the current setup allows the board to block and not even say it’s actually in the amendments if you read them! And Pete jones saying we don’t need investment it’s laughable.

[Quay Red]

Originally Posted by crazywelsh

Well Dixie can tell you what your saying is rubbish, I can tell you also that it is.

The trust model is the only model because they have blocked someone who used to be involved ... so yes we are worth investing in!

Your running the spin that there isn’t or hasn’t been interest it was blocked by the board 100% that’s what I don’t think your understanding.

That’s why I’m not happy this certainly needs addressing they released it themselves saying the current setup allows the board to block and not even say it’s actually in the amendments if you read them! And Pete jones saying we don’t need investment it’s laughable.

Have you the proof to back this allegation up.
As far as I'm aware the trust board have not blocked anyone and the only 2 "interested" parties that came forward were found to have dubious motives. The membership were informed of these.
The consortium that contacted Bryn Law never even got as far as making an enquiry to the trust.

[Inside Left]

Originally Posted by Quay Red

Have you the proof to back this allegation up.
As far as I'm aware the trust board have not blocked anyone and the only 2 "interested" parties that came forward were found to have dubious motives. The membership were informed of these.
The consortium that contacted Bryn Law never even got as far as making an enquiry to the trust.

Agree Quay there is no evidence. Besides any person or group with a real interest could bypass the club and WST board. if they so wished to also ditch any due diligence.

[FieldtownRed]

Originally Posted by Quay Red

Have you the proof to back this allegation up.
As far as I'm aware the trust board have not blocked anyone and the only 2 "interested" parties that came forward were found to have dubious motives. The membership were informed of these.
The consortium that contacted Bryn Law never even got as far as making an enquiry to the trust.

Doesn’t the WST constitution require potential investors to stump up a certain amount of cash for them to be allowed to do due diligence on the clubs accounts? And didn’t Bryn Law put forward a proposal at a previous AGM to have this amount reduced as it was so high so as to discourage potential investors?

So to say the trust have blocked any potential investors is probably too strong. Maybe “discouraged” is a better word - assuming I’ve remembered the above events correctly?

Apologies in advance if I’ve got this completely wrong.

[Quay Red]

Originally Posted by FieldtownRed

Doesn’t the WST constitution require potential investors to stump up a certain amount of cash for them to be allowed to do due diligence on the clubs accounts? And didn’t Bryn Law put forward a proposal at a previous AGM to have this amount reduced as it was so high so as to discourage potential investors?

So to say the trust have blocked any potential investors is probably too strong. Maybe “discouraged” is a better word - assuming I’ve remembered the above events correctly?

Apologies in advance if I’ve got this completely wrong.

As I understand it the initial enquiry is to express an interest in "Investing".
If the trust believe that the approach is genuine then a deposit of £5k is required to do due diligence to ensure that offer can be supported.
The resolution that Bryn Law put forward was to reduce the penalty for breaching a non disclosure agreement which he felt put potential investors off. Bryn Law was not part of the consortium.

[dragonspark]

finding willfull investors is proving to be difficult enough, as our record shows, unless the stories of potential investors being "discouraged" or even ignored is true.
So therefore to put any form of financial imposition to any potential investor is discouraging, lets face it after so many years of gradual decline what sort of investor would want to take us on particularly with the discouraging administation that we have, the only real assett this football club has is its potential, the current fans, the stay away fans like me and others who want the club to succeed and will return but not under the current situation, i and many others love this football club but can not endorse the current regime so how can we expect investors to, i have resigned myself to the current situation continuing untill its too late, what a bloody shame i could honestly cry for this club