Welcome to the Wycombe Wanderers Trust

  • "Safeguarding our heritage and promoting a successful and sustainable future."

Latest News...

Oct
20

Legacy Members Vote and Investment Agreement – Update

We understand that a high percentage of Legacy Members (“LMs”) have already voted on the proposal to proceed with investment into Wycombe Wanderers Football Club by Rob Couhig through his company Feliciana EFL Ltd, and we thank those LMs for doing so.

There is still time for others to vote, either via the email sent to them by CES or by postal vote, sent to those LM’s without an email address. Voting closes at midnight of Tuesday 29th October.

Some LMs have come into the club during last week or on Saturday to read through the draft Investment Agreement and the proposed new Lease of Adams Park. If any more LMs want to do the same, then please contact Trust Director Lawrie Read to book a mutually agreed time over the next 7 working days. Contact Lawrie on  07825 634489 or email him lawrieread@gmail.com 

Thanks to you all for your continued support of what we are trying to achieve – “Safeguarding our heritage and promoting a successful and sustainable future”

 

 


Oct
16

Items relating to Legacy Members meeting and vote

On Monday 14th October, the attached letter was sent via post and email to Legacy Members, carrying headline details of the proposed majority shareholding in the football club by Rob Couhig. Also included with the letter was this four-page summary of agreements. The full legal document can be viewed by Legacy Members in person at Adams Park between 12-7pm on weekdays until Tuesday 29th October, and in the Caledonian Suite ahead of the match against Sunderland.

At the meeting of Legacy Members on Tuesday 15th October, these slides were presented to members by chairman Trevor Stroud. 343 Legacy Members were present, with around 180 concurrent viewers on the live stream on the WWT Live Stream Facebook page. The stream can be viewed at any time here.

The Trust omitted to send the Summary of Rights of Existing Shareholders; this document has been sent to Legacy Members, and can be downloaded here.

Included in the presentation were two videos from Rob Couhig, who explained his reason for not attending the meeting:

 

 

Also included in the presentation was a reading of an open letter, written by Trust president Karen Adams, which can be found here.

At 9pm, emails were sent to all Legacy Members carrying instructions on how to vote. Any member who doesn’t have an email address will receive a postal vote. Please note that some emails may have been caught in the recipient’s junk folder, so Members should be sure to make sure they have received it, or send an email to secretary@wycombewandererstrust.com or call the vote helpline on 07490 987583 if they haven’t. Members who share an email address with another member will receive separate emails to the same address.

Trevor Stroud reiterated on behalf of the club and Trust that it is imperative that Members use their vote; not voting is counted as a vote against the proposal. The Trust board unanimously recommend voting for the proposal.

The voting period will close at midnight on Tuesday 29th October; 75% of all Legacy Members must vote for the proposal in order for Rob Couhig to be successful in becoming a majority shareholder of Wycombe Wanderers.


Oct
15

A Message from the Trust President

Karen Adams, who is the President of the Wycombe Wanderers Trust, tonight sent this message which was read out at the end of the Legacy Members meeting:

My grandfather Frank Adams gifted Loakes Park to WWFC on the proviso that it remained an amateur club. It was my father Jack Adams, former Patron of WWFC, who was part of the team that created Adams Park, allowing the Club to play at League level.

I see Adams Park as his legacy.

I am voting in favour of Rob Couhig’s proposal. I welcome the plan to secure Adams Park’s future, not only because all currently held charges against Adams Park will be lifted, but also there is a plan to improve the ground.

Rob Couhig’s investment in the Football Club has been crucial this season.
As a Trustee of Wycombe Wanderers Sports and Education Trust (“WWSET), I appreciate his support for the charitable arm of the Club, and look forward to the strengthening of WWSET in the future.


Oct
3

Renewal of Trust Membership Subscriptions

Most Trust Members have kindly agreed to pay their subscription by bank standing order which is currently the easiest way for us to receive and record those payments.

The majority of members have signed up to renew each year with a payment due on 1st November, though historically some have always paid on the 1st October and we are happy for that to continue.

Those who prefer to pay by cash, cheque of single bank transfer may continue to do so and Trust Directors will be willing to receive any such payments at their table in the Caledonian Suite prior to any forthcoming home game. We now have a Worldpay card machine and subject to getting a wifi connection are hoping this will work.

If you wish to renew by bank transfer then please make your payment to the WW Trust account at Sort Code 40-24-38 and account number 81390031 quoting your membership number and your name.

It is especially important that those with Legacy Membership qualification ensure their subscription is renewed in order that they continue receiving the voting rights that go with that special status

Many thanks


Sep
20

Watch the Fans Forum held on Thursday 19th September

Here is the link to the Fans Forum held at Adams Park on Thursday 19th September with Trevor Stroud (Chairman of WW Trust and of WWFC), Rob Couhig (potential investor) and Gareth Ainsworth (WWFC manager).

The forum was hosted by WWFC Head of Media Matt Cecil



Sep
4

WWFC Acquisition Update September 2019

As we are sure that you will know by now, Rob Couhig has been in discussions with the Trust to acquire 75% of the shares of WWFC, since late June. Those discussions have now reached the stage where the deal structure has been broadly agreed between the lawyers representing both parties. There are still a number of issues that need to be finalised and it is hoped that these can be agreed in the next two to three weeks.

Assuming that these are resolved in that time frame, then we would hope to get an agreement signed with Rob Couhig by the end of September. This will of course need to be ratified by 75% of Legacy Members voting in favour of the proposed deal. As soon as the deal is finally agreed a meeting of all Trust Members will be called to update them on the overall shape and details of the agreement and then the process of getting Legacy Members to vote will be started.

The Adams Park Stadium will remain 100% Trust owned. Neither the Club nor the Stadium will hold any debt, nor will the assets be available to be used as security. The enshrined rights will also be protected.

A Legacy Member is someone who has been a STH for four consecutive seasons, including this one and who is a member of the Trust. The cut-off date for becoming a Legacy member and being able to vote on the deal, is end of day on 21st September. Trust membership costs £10 and you can join by filling in the form on the Trust website, (Click Membership and Rules at top of home page) or visiting the Trust table in the Caledonian suite, prior to one of the next three homes games against Lincoln, Accrington or Portsmouth.

If there are any Trust Members that have any concerns that would prevent them from supporting this proposal, then please contact Trevor Stroud, trevor.stroud@wwfc.com or Rob Couhig, couhigre@couhigpartners.com in order to try to resolve them.

We hope that the Legacy Members will support this agreement when it is put to the vote, as we, your Trust Board, sincerely believe that it is the right deal to ensure the long term survival of the Football Club and to make certain that we continue the great start to the season that we have made in League 1.

There will also be a Fans Forum – open to all Wanderers fans – at Adams Park in the Caledonian Suite on September 19th, which will be hosted by Trevor Stroud, Rob Couhig and Gareth Ainsworth. This will be an opportunity for fans to discuss any issues relating to the Club, the Trust and the playing side of the business. Full details will be published later on the Club website. We look forward to seeing as many of you there as possible.

On behalf of the Trust Board


Aug
2

New Season means New Badges

Some of the new Matchday badges that will be on sale this season

Once again we are fortunate to have the services of Terry’s Badges for all our home matches this season.

Terry (or his deputy when there is a fixture clash with AFC Wimbledon) will be situated next to the first programme hut as you enter Adams Park gates.

Over £15000 has been donated to the Trust from the sale of the Matchday and other WWFC-themed badges during the last few seasons and they have proved very popular with both home and away fans.

We are committed to buying 100 badges for each game and sometimes Terry is close to selling out, so do get to him early if you can.

Thanks for your support with this fundraising effort.


Jul
15

Watch Rob Couhig’s opening address at Trust meeting

Rob Couhig introduces himself to Wycombe Wanderers Trust members at Adams Park on Thursday 11th July.


Jul
13

Slides from Trust Members Meeting 11th July 2019

Here below is a link to the slides used by Trust Chairman Trevor Stroud for his presentation at the start of the Trust Members Meeting on Thursday 11th July

TRUST MEMBERS MEETING 11 July 2019


Jul
2

Trust agree deal in principle with Rob Couhig

The board of directors of Wycombe Wanderers Trust are in advanced discussions with American sports team owner Rob Couhig in relation to Mr Couhig becoming a shareholder of Wycombe Wanderers Football Club.

The Trust have been in discussions with a number of interested parties since announcing their intention to attract investment into the football club last September and have now reached an agreement in principle with Mr Couhig, who will also appoint football consultant Mark Palmer and financial consultant Peter Couhig to the club’s management team.

In addition to the investment of funds into the club’s on and off-field operations, Rob Couhig and his team will have direct involvement in the club’s ongoing management and will review all operations to help create a sustainable model for future success, with a view to securing the backing of the Trust’s Legacy Members – those who have held a season ticket for four or more consecutive seasons – for the acquisition of a majority share in the future.

It is intended that, at that point, neither the club nor its Adams Park stadium will hold any debt, nor will the assets be available to be used as security.

Rob Couhig is an investor, lawyer, businessman and above all, a sports fan and former owner of his hometown baseball team, the New Orleans Zephyrs. During his ownership, the Zephyrs were among the most successful Triple-A baseball clubs, at an equivalent level to the EFL Championship.

Together with his team, and his wife Missy, Mr Couhig plans to develop strong links with the local community, drive the club forward by supporting Gareth Ainsworth’s endeavours in recruiting and retaining the best players available, and place significant emphasis on improving the matchday experience at Adams Park.

Trevor Stroud, chairman of Wycombe Wanderers Trust, said: “We are delighted to have reached an agreement in principle with Rob Couhig and welcome him into the football club at the beginning of what we strongly believe will be a fruitful and successful journey over many years to come.

“For more than a year now, the Trust board have held the view that the football club requires investment to remain sustainable and to help the club continue the excellent progress it has made in recent times.

“Rob has demonstrated a real and genuine commitment to adopting the values that make this club a proud part of its local community, and also carries the ambition, expertise and financial resource to be able to build on the foundations that we have in place.

“Since the withdrawal of an offer from our previous recommended partners in March, we have continued discussions with a number of wide-ranging parties and conducted meticulous legal and financial reviews into each party to identify what we believe to be the best route forward.

“We now look forward to introducing Rob and his team to the Trust members and supporters of the club, and believe that together we can help Gareth Ainsworth strengthen the team on the pitch and improve the experience for all visitors to Adams Park through a shared vision of what is right for Wycombe Wanderers and its supporters.

“Rob shares our belief that the progress that we can achieve over the coming months will provide a suitable platform to enable Rob to reach the next level of financial backing by acquiring a majority share in the football club.

Rob Couhig said: “It is a privilege to join the team at Wycombe Wanderers and I’m honoured to be arriving at the club at a time when the club has achieved such fantastic progress in recent years. I would firstly like to thank the board of directors of Wycombe Wanderers Trust for selecting me as their preferred route forward and pledge with my hand on my heart to do the very best that I can for this proud football club.

“You have a fantastic structure in place that I believe I can help develop on and off the pitch, and I look forward to working alongside Gareth Ainsworth, the rest of the staff and the supporters to develop a plan to ensure that the achievements of the past five years are built upon. I am hugely passionate about creating a great fan experience at games and I know we can increase attendances by making Adams Park a truly entertaining place to come and watch football.

“This will be a collective effort, and it will need us all to pull in the same direction to make sure we make a success of the opportunity that lies ahead of us. Positive change may not happen overnight, but I will give full support to every department of the club and I’m extremely confident that supporters will gradually be able to see that our combined efforts will pay off for the benefit for everyone associated with Wycombe Wanderers.”

Wycombe Wanderers Trust have called a meeting for all members at Adams Park on Thursday 11th July. Full details will be sent directly to members via email in due course.


Jun
12

New 500 Club Launched

Working with the Football Club, we have just launched the 500 Club for a third time, giving fans the opportunity to contribute to the playing budget for the year ahead.

Membership to the 500 Club begins at the £20 per month rate or a one-off contribution of £240.

To make the single payment option or choose the monthly option go to this link https://www.wycombewanderers.co.uk/news/2019/june/one-off-payments-to-500-club-now-available/

If you want to donate any other sum, then please call the club office 01494 472100 where they can take a card payment from you over the phone – during their office hours of 10am-5pm Monday to Friday.

This initiative has been driven by the Trust, but with the support of all the various fan groups.

Full details can be found here: https://www.wycombewanderers.co.uk/news/2019/june/500-club-returns/

As rewards, we invited fans to the Fixture Release Day breakfast on Thursday June 20th, will be creating a changing room plaque in their name, and will issue regular ‘spot’ prizes whenever we hit a certain milestone.

If there are any technical problems regarding payments, please could fans email Nigel Kingston at nigel@wycombewandererstrust.com.


Aug
8

Fans Keep On Giving….. So We Can Provide (Updated June 2019)

Notwithstanding the success of the 500 Club in the last year or so, the WW Trust Share Scheme launched in 2015 continues to thrive and produce much needed income for the Football Club.

Over ‘one hundred and eighty’ fans are still contributing with either monthly or annual payments to the Trust over a five year period and these are on top of the 160 who have made one-off payments in the last couple of years.

Those single payments have been of amounts between the minimum of £100 and the maximum of £100,000.

To date some £650,000 has been banked with a further £32,000 committed to be received over the coming season and a bit.

So what are we doing with your money?

Much of the initial inflow went into helping to stabilise the financial position of the football club by providing some much needed working capital. This allows WWFC to be able to pay its bills, (present and past) in line with agreed schedules and repayment plans.

As was outlined in our Share Scheme prospectus/brochure we have also been able to provide the money to make the best use of our prized asset – Adams Park. So far, some of the completed projects, which are thanks to Share Scheme money (and which would not have been affordable otherwise) are:

  • New lawnmower (from OWWSA contributions)
  • New club flag
  • Medical equipment to boost return of injured players
  • Replacement seats (Summer 2016 – from OWWSA Contributions)
  • New TVs for concourse etc
  • Big Screen repairs
  • Player Purchase – Michael Harriman
  • GPS Equipment – the player running tracking system
  • Security Fence for away end
  • Fixing of the heating/Air Con system in Caledonian Suite
  • Paint for various stadium areas (from OWWSA contributions)
  • Full structural survey of the stadium – required for safety certificate reasons
  • More paint (Summer 2017)
  • Further replacement seats (Summer 2017)
  • Essential refurb and extension of the dressing rooms – as demanded by the EFL (Summer 2017)
  • Upgrade of the CCTV equipment – so vital to maintain our safety certificate
  • Replacement IT equipment for Gareth and his team at the training ground – from OWWSA contributions
  • Contributions towards repair and maintenance of the Adams Park floodlights – from OWWSA contributions
  • Even more replacement seats – December 2017
  • New boiler to provide hot water for the players and staff at the training ground
  • Essential repairs and replacement of lighting units in the Frank Adams Stand
  • £3k contribution to pitch hire costs for Wycombe Wanderers Ladies FC
  • Costs of streaming live the Trust Members Meeting (July 2019)

The Share Scheme is now closed to new investors. Those who signed up to pay over a five year plan are seeing out the remaining length of their commitment.

Any questions on the scheme can be sent by email to shares@wycombewandererstrust.com


Dec
1

A ‘Simple Guide’ to the WW Trust – Updated 07.12.18

trust logo 003 wwfc our heritageFollowing the AGM in February 2015, some members were asking for clarification on what are the separate responsibilities and duties of the Trust and of the Football Club.

A small group from the Trust Board then put together the following which we hope will be useful:

The Basic Structure

Wycombe Wanderers Trust took over Wycombe Wanderers Football Club on 29th June 2012 from Steve Hayes.

Wycombe Wanderers Trust owns Wycombe Wanderers FC Ltd (the trading entity) and Frank Adams Legacy Limited as separate entities.

Features

  • Wycombe Wanderers Trust Board is made up of the following directors:

Alan Cecil                   alan@wycombewandererstrust.com
David Cook                 dcook@wycombewandererstrust.com
John Derben               john@wycombewandererstrust.com
Tony Hector                 tony@wycombewandererstrust.com
Nigel Kingston            nigel@wycombewandererstrust.com
Peter Lerner                peter@wycombewandererstrust.com
Bob Massie                   bob@wycombewandererstrust.com
Lawrie Read                 lawrie@wycombewandererstrust.com
David Roberton           david@wycombewandererstrust.com
David Smith                 dsmith@wycombewandererstrust.com
Trevor Stroud              trevor@wycombewandererstrust.com

  • Ownership of Adams Park (professionally assessed at £7million) is held within Frank Adams Legacy Limited (“FALL”). There is a separate FALL Board.
  • Most major debts of the Trust sit under FALL, secured by charges on Adams Park.  All our debts now have agreed repayment schedules.
  • Wycombe Wanderers Trust relies on rental income from WWFC (the trading entity) to gradually pay down its creditors and loans via FALL (which include the Chairboys Funders interest).
  • No takeover or change in ownership of the Club that would result in the Trust’s shareholding being less than 50% +1 can proceed without 75% approval from the Legacy Members.
  • Legacy Members are members who are in their fourth (at least) consecutive year of holding a season ticket. Legacy membership is retained in future years as long as season ticket holding continues. There are over 800 Legacy Members at present.
  • A uniquely structured members club; one of only four fan owned clubs in the Football League.
  • Wycombe Wanderers Trust became a Community Benefit Society during 2014 as this allows us to raise capital by selling shares to our members (see under Functions, below).
  • Our full registered name is Wycombe Wanderers Supporters Group Limited. We had to adopt this name as part of the process of registering as a society, but we have kept Wycombe Wanderers Trust as our day to day trading name for everyone’s convenience.

 

Wycombe Wanderers Trust does not run the football club.

  • Wycombe Wanderers Football Club controls all income from footballing matters and the use of Adams Park on matchdays and non-matchdays.
  • Wycombe Wanderers Football Club’s operations are managed by Trevor Stroud (WWFC Chairman) , Michael Davies (General Manager) and the other employees.
  • Only the Wycombe Wanderers Trust Board can appoint and remove individuals to and from the WWFC club board (WWFC’s Club Board is made up of Ivor Beeks, Trevor Stroud and David Cook).

Functions

Since Wycombe Wanderers Trust, and its Board, does not run the football club, the Trust’s job is to create an environment which will help WWFC to succeed.

This is done in a number of ways:

  • Providing governance over its subsidiary companies – WWFC and FALL – and also support WWSET– our Community Trust which has charity status.
  • Providing support to WWFC, for example volunteer forces to reduce costs; aiding and assisting WWFCs employees through “WWFC PALS” as and when required.
  • Undertaking other fundraising initiatives, for example sale of matchday badges and voluntary Trust member initiatives – to raise income.
  • Communicating with members via emails, members meetings and visibility. Trust board directors will be held to account by Trust members and a third of the Wycombe Wanderers Trust Board directors retire by rotation at each AGM.
  • Seeking to grow and expand our membership and therefore widen the fan ownership base in the community, particularly the younger and the future generation of supporters.
  • Ensure members are consulted about and vote on the designated key issues affecting the football club (listed in the Trust Rules on the Wycombe Wanderers Trust website).
  • Raising funds via the Share Scheme – to secure the working capital to allow Wycombe Wanderers Football Club to move towards breakeven (or a small profit) and allow the football club to pay its rent as scheduled to pay down remaining debts/ loans.

Other News...

Chairman confirms Club and Trust’s position ahead of Legacy Members meeting.

08/10/2019

Wycombe Wanderers chairman Trevor Stroud has reaffirmed the full support of the Club and Trust boards of directors for Rob Couhig’s proposed majority shareholding in the football club. Ahead of the meeting of Legacy Members at Adams Park on Tuesday 15th October – at which point the vote to approve Mr Couhig’s proposal will open for a [more…]

Legacy Members Meeting on Tuesday 15th October at Adams Park

04/10/2019

Wycombe Wanderers Trust are pleased to call a meeting of its Legacy Members, relating to the proposed sale of a majority share in Wycombe Wanderers Football Club to Feliciana EFL Ltd, owned by Rob Couhig. The meeting will take place at Adams Park on Tuesday 15th October, and provides the opportunity for Legacy Members to [more…]

Try Walking Football with Wycombe Wanderers?

20/08/2019

Come Back to Football! Walking Football is designed to help people keep an active lifestyle despite their age or physical condition, as well as getting those back playing football who have previously had to stop for whatever reason. The aims of the Wycombe Wanderers Walking Football Club (“WWWFC”) are to: Provide people the opportunity to [more…]

Volunteer Request /Fan Protection

08/08/2019

The football club has taken the precaution of erecting safety nets during the practice period on a match day to protect the supporters from ball strikes. The club now needs volunteers, 3 at each end of the pitch, to erect the safety nets before and after the practice period. This should not interfere with watching [more…]

Trust Directors get behind Alex Pattison

07/08/2019

This season the WW Trust Directors have chosen to sponsor the away shirt of recent signing Alex Pattison. Board members Trevor Stroud, Alan Cecil, David Cook and Tony Hector were those able to be present at the squad photo session day recently held and Adams Park. The Club’s signing of midfielder Alex Pattison only became [more…]

Details of Thursday’s Trust members meeting

05/07/2019

Wycombe Wanderers Trust look forward to introducing Rob Couhig and Mark Palmer to its members at a meeting at Adams Park on Thursday 11th July. As outlined in a press release and members update earlier this week, the Trust are in advanced discussions with Mr Couhig – an American sports team owner – in relation [more…]

Rod Armitage – R.I.P

23/05/2019

We would like to add our sincere condolences, to those expressed by the Club, to the family and friends of the late Rod Armitage who passed away just over a week ago at the age of 75. Rod was one of the first to sign up for the Trust’s Community Share Scheme in March 2015 [more…]

Trust Matters: Chairman’s Programme Notes – 4th May

04/05/2019

As the season draws to a close, I thought it the perfect time to reflect on the achievements of the season. If we do survive in League 1 and barring an unprecedented set of results, we will, it will be a better achievement than gaining promotion from League 2. Perhaps the feeling of euphoria may [more…]

Investment Update – 11th April

11/04/2019

The following message has gone out by email to all Trust Members today. (Please check your spam and junk mail folders if it’s not in your inbox. If not received at all, then please email secretary@wycombewandererstrust.com to ensure we have your correct email address) Wycombe Wanderers Trust have ended their discussions with Bill Luby and [more…]

Trust Members Update – Sunday 7th April

07/04/2019

The following message from our Chairman has gone out by email to all Trust Members today. (Please check your spam and junk mail folders if it’s not in your inbox. If not received at all, then please email secretary@wycombewandererstrust.com to ensure we have your correct email address) Dear Trust Member,I have been advised that Bill [more…]

Investment Update – 14th March

14/03/2019

Wycombe Wanderers Trust can provide an update on the process of investment into the football club, following a meeting of the Trust board on Monday evening. The board assessed in great detail two offers of investment, one from Bill Luby and Jim Collis seeking a majority shareholding, and one from Andrew Harman seeking an initial [more…]

Trust Members Update – 7th March

07/03/2019

Wycombe Wanderers Trust are pleased to confirm that they have received a formal offer for an initial minority shareholding in the football club from Andrew Harman and will be meeting Mr Harman this week to discuss the offer in more detail. The Trust board will then give full consideration to both Mr Harman’s offer and [more…]

‘We’re Wycombe Whatever’ – Please Renew Your Season Ticket for 2019-20 NOW.

20/02/2019

The club’s owners, Wycombe Wanderers Trust, are in talks with two parties interested in taking a significant share of the club and opening a new chapter in the illustrious history of the Chairboys, with an outcome likely to be known before the end of the current season. In the meantime, Gareth Ainsworth’s men have a [more…]

Extension Granted for Becoming a Legacy Member

14/02/2019

At the Legacy Members’ meeting on 28th January, a request was made to reconsider the cutoff date for Trust membership which, providing the 4 consecutive Season tickets criteria is satisfied, would lead to Legacy Membership status. It has been agreed that the cutoff date for applications for Trust membership that would allow such applicants to become [more…]

Updated Timeline for Investment Process

06/02/2019

Wycombe Wanderers Trust are now able to update members on a revised timeline in the process relating to potential investment to provide long-term stability for the football club. As previously communicated, a meeting was due to be held on Monday 28th January whereby Legacy Members would hear a presentation of a formal offer made by [more…]