| This investment by the yanks 20:01 - Dec 27 with 10848 views | wetjack |
We were having a good discussion in the pub yesterday before the game regards this investment in the club which by all accounts does not seem to be an investment but a sale of shares by the shareholders
I saw the trust statement earlier in the week that they could not give us more information at this point in time but we had some questions that I don't know whether anyone can answer for me
I. We assumed that the trust would not sell any shares? Is this the case?
ii. What benefit is there to the football club for this sale
iii. Huw Jenkins has said that he wants to provide protection for the trust - does this mean that he is going to give some of his shares to them?
iiii. have the shareholders actively pushed for a sale or has this kind of landed in their lap
v. what happens to the shareholders that sell in terms of their roles as directors of the club?
vi. what powers do the trust have to veto the club
vii. the banner that has appeared for the past few games on the east stand is a trust banner - yes?
viii. would a change in ownership be for the best for the club if some of the directors want out?
viiii. how much say will we as fans get in the deal
Sorry for all the questions, would be happy if someone has some answers |  |
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| This investment by the yanks on 20:07 - Dec 28 with 1537 views | NOTRAC |
| This investment by the yanks on 19:48 - Dec 28 by Underthearm65 |
Long, long time no post - but reason is an obvious one.
Anyhow, here's my contribution to the rationale of the Trust accounts, as the person who prepares them - although, I would add, they comply with the rules of Supporters Direct and are independently audited.
The Trust provided free membership in 2011-12 to all ST holders, and as shares have to carry a monetary value, set the value accordingly at a nominal 1p. Hence, in the 2011 accounts we are showing share capital of £884 (representing 884 members who paid their £10, of which £1 is the deemed share value). The 2012 accounts then reflect the above free membership provision (fully agreed with Supporters Direct, our governing body), giving a share capital of £128 (representing 12800 members at 1p each).
The share capital has continued to be calculated in this way in the 2013 and 2014 accounts, so the £122 shown in 2014 represents 12200 members at 1p.
During these years of free ST membership, long standing members have continued to pay their £10 annual fees/donations, and these are the people who have been counted in arriving at Phil's 800+ full members, as opposed to e-members, and the monies that they have paid will be included in the Share Fund, with possibly some in Donations.
So although they are not shown as a specific number in the accounts, our database shows us who the "full paying" members are, and I would add that such is a necessity for anyone wishing to put themselves forward for election to the Trust board. |
Thank you so much for that.
To sum up.
The £122 share capital in the Balance Sheet is basically an accounting procedure but represents 12200 members at 1p per share , but in reality is of no consequence.
Season ticket holders are no longer members of the Trust unless they have paid their annual subs.
Every paid up member of the Trust has voting rights regarding Trust issues.
Sorry to have plodded on to arrive at the above, but overall I think worthwhile. | |
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| This investment by the yanks on 20:14 - Dec 28 with 1522 views | Underthearm65 |
| This investment by the yanks on 20:07 - Dec 28 by NOTRAC |
Thank you so much for that.
To sum up.
The £122 share capital in the Balance Sheet is basically an accounting procedure but represents 12200 members at 1p per share , but in reality is of no consequence.
Season ticket holders are no longer members of the Trust unless they have paid their annual subs.
Every paid up member of the Trust has voting rights regarding Trust issues.
Sorry to have plodded on to arrive at the above, but overall I think worthwhile. |
Glad to have been of service.
Let's hope we can keep you all reasonably informed over the next few months. | | | |
| This investment by the yanks on 20:25 - Dec 28 with 1511 views | sixpenses |
| This investment by the yanks on 17:44 - Dec 28 by tomdickharry |
Its buried somewhere in the endless investment posts when I find it I will share it. |
Thanks TDH that would be helpful - sounds like it is a misunderstanding perhaps based on who is entitled to make the decision regardless of the fact the Trust Board will be putting it to the voting membership.
On a wider note why are we being so defensive and calling people wrong because they have misunderstood information which is obviously not clear or self explanatory. I agree with the others re the communication issues.
Obviously it is frustrating when you are trying your best to communicate to members but I think basic items of information need to be very carefully spelt out to members in various forms to ensure the message gets over. If a number of people are confused then we should not be getting ratty with them we should be reviewing the clarity of our communications for the good of the trust and getting maximum representative full membership and member involvement.
None of this belittles all the work that is put in on many fronts by our reps and for which we are all grateful and I am sure there are many of us who would be willing to help share the work load if required. | | | |
| This investment by the yanks on 20:32 - Dec 28 with 1488 views | Neath_Jack |
| This investment by the yanks on 19:57 - Dec 28 by Joe_bradshaw |
To be fair to the Trust board it's not fair to criticise them for a lack of communication about something that has been included in their communications. People don't read the newsletters then moan that they haven't been told stuff that was in the newsletters.
You couldn't make it up to be honest. |
Not sure if that's aimed at me, but i'll have a little nibble on it anyway.
I wasn't moaning in any shape or form. I am lazy, i do not read everything that comes through the door, especially if someone else has opened it before me. I stand by what i said earlier that a couple of banners placed in the concourse stating this, or any other information would be read by more people than that contained in a mail shot. That or, hows this for an idea, the Trust utilise those big tv thingy's that currently advertise a load of old shite. The technology is there, already in place, it's just a case of greasing the right wheels to get a good (free) deal to use them for something worthwhile. |  |
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| This investment by the yanks on 20:47 - Dec 28 with 1460 views | libertyx |
I have always paid my annual subscription to the trust, after what happened with the Petty era. The current board took over and we saw ourselves in good hands, people become complacent thinking it will never happen again and stop paying their subscriptions. When the trust was set up we only had a hard core of 3000/4000 fans, over the years it has grown massively, probably a lot of the new fans never joined the trust.
I still put my trust in the board to look after the club and the trust, but as Huw Jenkins said they can't go on forever. My vote will still be against outside investment at the present time. As a fan of over 60 years, these last 7/8 years have been some of the best years of following our club and would hate to see all the hard work wasted.
All you fans who post on this forum, do you shop on-line, if so do you donate funds to the the trust through "Easy Fund Raising", cost you nothing but can raise hundreds of pound to the trust through the retailers. | | | |
| This investment by the yanks on 21:05 - Dec 28 with 1424 views | tomdickharry |
Thanks for claryfying the 122 which is excellent. | | | |
| This investment by the yanks on 21:12 - Dec 28 with 1411 views | Neath_Jack |
| This investment by the yanks on 20:47 - Dec 28 by libertyx |
I have always paid my annual subscription to the trust, after what happened with the Petty era. The current board took over and we saw ourselves in good hands, people become complacent thinking it will never happen again and stop paying their subscriptions. When the trust was set up we only had a hard core of 3000/4000 fans, over the years it has grown massively, probably a lot of the new fans never joined the trust.
I still put my trust in the board to look after the club and the trust, but as Huw Jenkins said they can't go on forever. My vote will still be against outside investment at the present time. As a fan of over 60 years, these last 7/8 years have been some of the best years of following our club and would hate to see all the hard work wasted.
All you fans who post on this forum, do you shop on-line, if so do you donate funds to the the trust through "Easy Fund Raising", cost you nothing but can raise hundreds of pound to the trust through the retailers. |
I do shit load of online shopping, what is "Easy Fund Raising"? I've never seen an icon or option for that on any website before. | |
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| This investment by the yanks on 23:29 - Dec 28 with 1332 views | KingBony |
| This investment by the yanks on 19:39 - Dec 28 by Phil_S |
That's fair enough but sometimes there is only so much we can do
I'm not sure banners would make any difference and if I was honest the club would charge us for advertising space... |
The club would charge the trust for advertising space?
Seriously??? |  |
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| This investment by the yanks on 00:03 - Dec 29 with 1309 views | Swanseajill |
| This investment by the yanks on 20:14 - Dec 28 by Underthearm65 |
Glad to have been of service.
Let's hope we can keep you all reasonably informed over the next few months. |
Has there been a recent newsletter sent out to ST holders and paid up members recently Stu?
If so, it must be extremely interesting. As I believe my postie has taken it home to read.  |  | | |
| This investment by the yanks on 12:42 - Dec 29 with 1205 views | whiterock |
| This investment by the yanks on 00:03 - Dec 29 by Swanseajill |
Has there been a recent newsletter sent out to ST holders and paid up members recently Stu?
If so, it must be extremely interesting. As I believe my postie has taken it home to read. |
E-newsletter Jill | | | |
| This investment by the yanks on 15:17 - Dec 29 with 1170 views | exiledclaseboy |
| This investment by the yanks on 18:28 - Dec 28 by tomdickharry |
I'll continue my search don't worry. |
Any luck, tdh? |  |
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