Happy Anniversary

By the time you read this, Wycombe Wanderers will have entered its second year of fans ownership. To say the last twelve months have been interesting would be an understatement, but if I had to summarise the situation, it would be we are moving in the right direction.

A lot of the year has revolved around finance.  Our inability to replace the bank loan until recently, has meant we have spent a lot of time ensuring that we can meet our monthly outgoings. We are now close to stabilising our finances going forward, thanks primarily to the Chairboys Funders, who have invested money, at a competitive interest rate, which has been loaned to the Club via Frank Adams Legacy Limited. There is still the opportunity for Trust members and their immediate families only,  to join the scheme, and anyone interested should contact Garry Heath on 07887 686072. 

In terms of financial performance, Don Woodward and his team have done superb work to move us close to a breakeven position, from the previous position of an annual loss of £1.6 million. It is our intention to publish the accounts of the Football Club for the year ending June 30th 2013 (today!) within weeks, rather than the usual months, and although these will still show a loss, there will be a significant improvement in the overall position.

The financial position has seen a number of tough decisions which have had to be made, none tougher than the closure of the Centre of Excellence. The financial drain on the Club, coupled with reduced potential income from the sale of players under the EPPP scheme, meant that the decision to close had to be made. A lot of effort is being made to rebuild relationships with local leagues and teams, and this together with increased activity from the Community Trust, will help to start the process of youth development again.

936630_10151563140954165_1272369242_nAnother decision which was made was the departure of Gary Waddock, and the temporary and then permanent appointment of Gareth Ainsworth as his replacement. I believe that Gareth is a huge asset to this Football Club, and his infectious enthusiasm permeates through the whole Club. I am confident that Gareth has the potential to join the list of Wycombe managers who have moved on to bigger and better things, (who knows perhaps he might take us with him!).

Looking at the future, there are still a number of issues that we need to resolve.  Our on-going and longer term relationship with Wasps needs to be resolved, and there is still more work to be done on the financial structure of the Club moving forward.  We have started and need to continue to build relationships with disillusioned fans, local businesses, and the High Wycombe Community as a whole. If this Club is going to prosper we have to get more people to come to AdamsPark, either to watch matches or to use the excellent conferencing facilities we have available to us. I would ask you to encourage people you know to give us a try, we have had a lot of positive feedback on the offering we now have, and we just need to let more people know about it.

I will finish by quoting an independent blog which was published recently, which said

“I believe there is a sense of optimism around Wycombe Wanderers at the moment. Both on and off the field, the club are recovering and re-building.”

I would agree wholeheartedly with this sentiment, but there is still a tremendous amount of work to do. I believe with your continued support, and the hard work of the boards of the Trust and the two subsidiaries, all on a voluntary basis, we will continue to bring stability to this Football Club, and then rely on Gaz to bring us success on the pitch.

TrevorHave a great summer, and I look forward to meeting as many of you as I can from Havant onwards.

Trevor Stroud

Chairman

trevor@wycombewandererstrust.com

07827303676