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Wycombe Wanderers Trust News May 2018
Thu May 17, 2018 12:52

The following was sent to Trust members earlier in May 2018 and also printed in the matchday programme vs Stevenage (5th May 2018).

Chairboys Funders Update:

Chairboys Funders (CBF) came into being in 2013 at a crucial moment for the Club and provided a loan of £450,000 repayable after 5 years’ which enabled the Club to survive.

CBF individuals loaned varying amounts over this time period at an interest rate of 8% pa, which in many cases was, by agreement, reduced to 4% at a later date. Their security was a first charge on the Adams Park ground.

The loans were scheduled to be repaid at the start of May. Some of the CBF have decided to have their loans repaid in full. Others are taking part repayment or no repayment, with some increasing their loan and extending them for a further 2 or 5 years at 4%p interest for the longer term.

The Trust are extremely grateful to all the CBF for their superb support which initially enabled the Club to survive and now will help it to cope with the pressures of cashflow without bank loans, at a critical time in our future.

Additional info here

Also noted from Companies House website that two Directors of the Company resigned on 2 May 2018. They are Leonard Cox and Trevor Cox.
Remaining Directors are Alan Cecil (Secretary), Geoff Bowles, Anne Bushrod, Martyn Kingston and Teresa Slevin


The news update concluded with the following

Why the Trust Matters

Trust ownership has given the Club a level of stability that had been lacking previously. The Trust passionately believes in the preservation of the heritage and history of our Club and seeks to share it with the wider community. The Trust is a volunteer led, democratic organisation which seeks to foster a real sense of ownership amongst the Club’s supporters. The Trust is an ever-changing entity, not constrained by the whims of individual Directors or owners.

All Trust members are equal and anyone of them can be elected or co-opted onto the Trust Board and, from there, onto the Club Board. The Trust’s annual subscription of £10 per annum makes Trust membership accessible to all.

If you are not yet a member of the Trust, or if your membership has lapsed, now is a good time to join.

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