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Old 14th September 2020, 10.17:49   #21-0 (permalink)
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Default Re: Wrexham Supporters Trust board call SGM following a bid to purchase the club.

If these people wish to remain anonymous only until approval for discussions has been given, I don't see a problem with their request. If approval for discussions is voted through, and one of the party happens to be named Vaughn, well, I'm sure that member pressure could be brought to bare on the board, to not proceed further.
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Old 14th September 2020, 10.18:02   #22-0 (permalink)
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Default Re: Wrexham Supporters Trust board call SGM following a bid to purchase the club.

Voting in favour of having discussions seems sensible - standard business practice

It’s the devil in the detail when it comes to actually evaluating their plans and getting a vote on that - if that’s how it pans out

Early days

Can’t wait to read more later today
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Old 14th September 2020, 10.18:37   #23-0 (permalink)
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Default Re: Wrexham Supporters Trust board call SGM following a bid to purchase the club.

Quote:
Originally Posted by 138+NotOut View Post
Cynical me says why remain anonymous. We should ask the Trust board if they personally trust them to have best intentions of the football club at heart.
The SGM is to vote to allow/disallow the WST board to proceed with discussions.

If approved, the identities would then be known. There would then be a final vote on whether to approve the offer.

That's my understanding of it.
Old 14th September 2020, 10.18:51   #24-0 (permalink)
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Default Re: Wrexham Supporters Trust board call SGM following a bid to purchase the club.

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Originally Posted by KingBuxton_Forever red View Post
Perhaps a stupid question, but why would someone want to randomly get involved with a club like Wrexham and pump money into it? Am I right to be cynical?
The same reason individuals pump money in to other clubs.
Old 14th September 2020, 10.19:25   #25-0 (permalink)
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Default Re: Wrexham Supporters Trust board call SGM following a bid to purchase the club.

This happened to Fleetwood and they climbed the tables quickly after investment into their club. Bring it on.
Old 14th September 2020, 10.19:28   #26-0 (permalink)
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Default Re: Wrexham Supporters Trust board call SGM following a bid to purchase the club.

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Originally Posted by Birdy View Post
Mint will be voting for first time ever.
Nice of you to join the party
Old 14th September 2020, 10.21:27   #27-0 (permalink)
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Default Re: Wrexham Supporters Trust board call SGM following a bid to purchase the club.

There’s no investors out there though.

The fact they want to immediately invest £2m shows the intent for me. Let’s not bottle this.
Old 14th September 2020, 10.21:34   #28-0 (permalink)
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Default Re: Wrexham Supporters Trust board call SGM following a bid to purchase the club.

Quote:
Originally Posted by KingBuxton_Forever red View Post
Perhaps a stupid question, but why would someone want to randomly get involved with a club like Wrexham and pump money into it? Am I right to be cynical?
I think starting with a position of cynicism is completely right. That said, there may be very good reasons and I hope that before negotiations are entered into (if the vote goes through) the motivations are thoroughly investigated.

In a way because we don't have particularly good material assets (land etc) under our control we should be fairly safe from the types of shady customers we've had before.

Mh personal view is that In the current climate the WST are vulnerable financially and it might be the perfect time to sell, if the right people have come forward.
Old 14th September 2020, 10.23:12   #29-0 (permalink)
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Default Re: Wrexham Supporters Trust board call SGM following a bid to purchase the club.

It seems a very positive statement, and nominal figure to buy out with a large promised cash injection which in the covid world could be the difference between survival or not.

If discussions progress, I wonder if there will be scope for guaranteed fan rep on board or even a minority shareholding to ensure there is a legal safeguard in future. These new bidders may be great, but who comes after them etc etc.

I do feel if that is the route taken there has been a huge opportunity basically blown to make fan ownership work.
Old 14th September 2020, 10.23:52   #30-0 (permalink)
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Default Re: Wrexham Supporters Trust board call SGM following a bid to purchase the club.

As long as it's not Steven Vaughan we'd be mad to turn this down. The Trust saved the club but this is what's needed to take us forward
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