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Takeover update from Trust
Mon Feb 18, 2019 19:55

Update via email to Trust members today from Trust Chairman Trevor Stroud.

At the Legacy members’ meeting on January 28th, I indicated there would be a pause in the process to allow Andrew Harman sufficient time to present a formal alternative to the bid already received form Bill Luby & Jim Collis.

Andrew has signed an NDA (non-disclosure agreement) and has had access to key financial and other relevant information, to allow him to formalise his proposal. Andrew also met informally with the Trust Board last week, to allow both parties to get to know each other better and ask relevant questions.

It is planned that Andrew’s proposal will be presented to the Trust Board, by March 7th, after which the Trust Board will convene to consider both proposals. They will then make a recommendation to Trust Members, with a Legacy Members’ vote (if necessary) to follow shortly after.

I will issue further updates if there are any significant developments and will advise of dates and location of meetings as soon as possible.

Meanwhile this week the club will be launching the season ticket packages for next year, with an early bird discount in place for supporters who book before March 31st. As I’m sure you can imagine, income from season tickets is a significant source of revenue each year and this season is no different; in fact, we have an on-going need to ease cashflow issues and your continued support of the club by purchasing a season ticket will be a real help.

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