Trust change helps protect Adams Park

Adams Park

Adams Park

First published in Sport Bucks Free Press: Photograph of the Author by , Reporter

A CHANGE to the Wycombe Wanderers Trust's structure means Adams Park and the club's training ground won't be sold unless supporters say so.

Members voted at the Trust's AGM last week to implement a key pre-takeover objective to secure the futures of the ground and Booker training base.

Trust chairman Trevor Stroud told the Bucks Free Press: "We've had a Trust structure in place which will protect the football ground and the training ground, so 75 per cent of members have to vote to make changes if they want to sell the ground.

"That was the primary ambition when we took over the club."

But he added: "The financial situation still isn't great. We are working very hard to rectify that but we are confident we will work through it."

Meanwhile, Stroud is encouraging younger fans to play more of a role with the Wycombe Wanderers Trust.

Plans to set up a junior section of the Trust have been mothballed as not enough youngsters joined, despite overall membership numbers increasing.

But Stroud said young fans are the future and he wants new blood to play a more active role.

He said: "People are a bit reticent to join on a formal basis. We tried to introduce an under 25 section, which didn't go particularly well because we couldn't find many under 25s to get it organised.

"This is the future of the football club and the Trust. It's about younger players in the team and also younger fans. The more we can do that, the better it will be for the future.

"One of the profiles of the supporters is quite an aging support base. As a Trust we are very keen to get younger members to be involved with the football club."

Manager Gareth Ainsworth echoed his words, saying: "It would be great to get some more faces down and if word can get round we are playing some good football and striving for survival - and then some - hopefully we can get the club back its former glories.

"It'll take time but everyone can be a part of that."

Comments (1)

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12:28pm Tue 26 Feb 13

geoffW says...

I note that the BFP hasn't reported this ....

Letter to members from the Trust:

"Dear Member

At the recent Trust AGM, I highlighted the precarious cash position state of the Football Club, and stated that we needed £250,000 very quickly, and a further £600,000 to follow up, to give us the necessary working capital to run the Club and avoid the possibility of Administration or having to consider selling the Football Club.

A consortium of life long Wycombe supporters, who wish to remain anonymous (which we will respect), have offered to buy the training ground for £350,000 and lease it back to the Football Club for an annual rent, with a clause that allows the Football Club to buy the training ground back at an agreed figure once the financial situation improves.

This is a very generous offer, and solves our immediate cash issues, and buys us the time to resolve our longer term cash position.

The reason why I am writing to you today, is that at the AGM, a new structure was voted into existence which stated that a 75% majority of Legacy Members would need to be in favour of either Adams Park or the training ground being sold.

This has left us in a difficult situation, in as much as the legacy memberships have yet to be established and therefore it is impossible for them to vote, and our financial needs are such that there is insufficient time to establish this and carry out the vote.

The entire Trust Board approve of the sale and lease back of the training ground, and on that basis, we are proposing to move ahead, which raises the necessary money.

I would appreciate you taking the time to complete the survey (below), showing your thoughts on the proposed action. I will arrange an Emergency General Meeting to discuss the situation and outline the plans for the Legacy Memberships.

I hope you will see this action as a better alternative that a 10 point reduction for going into Administration and probably losing control of the Football Club.

Please can you respond by midday on Wednesday.

Many thanks

Trevor"

Makes interesting reading.
I note that the BFP hasn't reported this .... Letter to members from the Trust: "Dear Member At the recent Trust AGM, I highlighted the precarious cash position state of the Football Club, and stated that we needed £250,000 very quickly, and a further £600,000 to follow up, to give us the necessary working capital to run the Club and avoid the possibility of Administration or having to consider selling the Football Club. A consortium of life long Wycombe supporters, who wish to remain anonymous (which we will respect), have offered to buy the training ground for £350,000 and lease it back to the Football Club for an annual rent, with a clause that allows the Football Club to buy the training ground back at an agreed figure once the financial situation improves. This is a very generous offer, and solves our immediate cash issues, and buys us the time to resolve our longer term cash position. The reason why I am writing to you today, is that at the AGM, a new structure was voted into existence which stated that a 75% majority of Legacy Members would need to be in favour of either Adams Park or the training ground being sold. This has left us in a difficult situation, in as much as the legacy memberships have yet to be established and therefore it is impossible for them to vote, and our financial needs are such that there is insufficient time to establish this and carry out the vote. The entire Trust Board approve of the sale and lease back of the training ground, and on that basis, we are proposing to move ahead, which raises the necessary money. I would appreciate you taking the time to complete the survey (below), showing your thoughts on the proposed action. I will arrange an Emergency General Meeting to discuss the situation and outline the plans for the Legacy Memberships. I hope you will see this action as a better alternative that a 10 point reduction for going into Administration and probably losing control of the Football Club. Please can you respond by midday on Wednesday. Many thanks Trevor" Makes interesting reading. geoffW
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