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Old 20th February 2020, 14.13:19   #1-0 (permalink)
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Default No mandate yet to seek 'investment' - could be discussion what stake would have what price

Good bit from Rich Williams as always: https://www.leaderlive.co.uk/sport/1...al-investment/

Jones says there is no mandate in place for the board to look for potential new owners or financiers, and what stake in the club that WST members are willing to give up to investors is something that needs to be discussed and agreed at the AGM.

"There has never been a mandate to seek investment," said Jones.

"There are no assets to invest in but if someone was interested in investing in the club, how much ownership would members be willing to give up and at what price?

"That is a question that people need to ask themselves."


Pete clear on everything is for members to make decisions on.

It is an interesting point, would people really give up say 49% for a one off hit of £500k or £2.5m ?!
Old 20th February 2020, 14.15:49   #2-0 (permalink)
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Default Re: No mandate yet to seek 'investment' - could be discussion what stake would have what price

We are not going to sell a minority interest.

Investors will want full control.
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Old 20th February 2020, 14.17:49   #3-0 (permalink)
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Default Re: No mandate yet to seek 'investment' - could be discussion what stake would have what price

Who decides what needs a mandate from members or not?

Pete is a liar, its obvious they don't want any investment and he's said as much previously. Just grow a set and tell the truth ffs. Treating fans like idiots.
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Old 20th February 2020, 14.34:51   #4-0 (permalink)
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Default Re: No mandate yet to seek 'investment' - could be discussion what stake would have what price

They've proved that even if there was a mandate they will just ignore it if they dont like it. He hides behind this ruke only when it suits.
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Old 20th February 2020, 14.37:57   #5-0 (permalink)
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Default Re: No mandate yet to seek 'investment' - could be discussion what stake would have what price

What's to stop say a person buying 4000 shares or memberships of wst and forcing them to change their mandate to sell the club?
Old 20th February 2020, 14.40:44   #6-0 (permalink)
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Originally Posted by 138+NotOut View Post
What's to stop say a person buying 4000 shares or memberships of wst and forcing them to change their mandate to sell the club?
One person,one vote in this co-operative.
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Old 20th February 2020, 14.41:57   #7-0 (permalink)
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Default Re: No mandate yet to seek 'investment' - could be discussion what stake would have what price

I don't believe it's all about money. There are many examples of Clubs with very little financial backing being successful - it's all down to getting the right management and players, something we have clearly failed to do.
Simply compare our support to Clubs in Division 2 and even Division 1 - remembering that for a number of seasons we have been very poor in terms of success and entertainment.

If we could get a manager who really inspires his team then our crowds will increase and the better players will follow. Okay it can't be that simple - or maybe it is.
Old 20th February 2020, 14.48:46   #8-0 (permalink)
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Default Re: No mandate yet to seek 'investment' - could be discussion what stake would have what price

Surely the right buyer could have the lot for £1??
Old 20th February 2020, 14.55:41   #9-0 (permalink)
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Default Re: No mandate yet to seek 'investment' - could be discussion what stake would have what price

Quote:
Originally Posted by krux View Post
We are not going to sell a minority interest.

Investors will want full control.
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In which case we are looking at the end of the Trust and back to private ownership . This club nearly went under after private ownership and for as long as I am a member of the Trust I will vote against it. Also ask yourself how social media would treat an investor when things go wrong. Just like they treat the players, staff and Board(s) at present. You would be on a hiding to nothing with control or no control.
Old 20th February 2020, 15.01:09   #10-0 (permalink)
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Default Re: No mandate yet to seek 'investment' - could be discussion what stake would have what price

Quote:
Originally Posted by fluffysheepsupporter View Post
In which case we are looking at the end of the Trust and back to private ownership . This club nearly went under after private ownership and for as long as I am a member of the Trust I will vote against it. Also ask yourself how social media would treat an investor when things go wrong. Just like they treat the players, staff and Board(s) at present. You would be on a hiding to nothing with control or no control.
So what is the alternative staying in the national leagues,most other clubs have private investment do they worry about social media?
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