Trust Chairman Gives an Update

TrevorFollowing last Saturday’s success at Torquay, the focus this week has returned to securing the Club’s finances and planning for the future.

Prior to last weekend, we had narrowed the three potential purchasers of the Club down to one and, having secured our Football League status, we expected to make significant progress with that party this week. Disappointingly, this hasn’t proved possible and although some further interested parties made contact during this week, it now looks unlikely we will be able to progress a sale of a majority stake in the Club. We understand this is frustrating for you, our members; it is also for us, having spent a huge amount of time on this and incurred costs along the way.

What is more likely to happen now is one or more of our supporters will invest slightly larger amounts through the Share Scheme, thereby providing a cash boost whilst allowing our Club to continue to be supporter owned.

This does mean our Share Scheme, where we are targeting to raise £2M over five years, will be the route to providing the required working capital and securing the Club’s long term future.

If you are able to help with this, please do make a pledge as soon as possible if you haven’t already done so; you really will be making a difference to the future of Wycombe Wanderers. Garry Heath can answer any queries you have at: garry@wycombewandererstrust.com

Thank you very much for the pledges received so far, which now total over £400k – we will be back in touch with you shortly.
Click here Community_Share_Scheme for the Share Scheme form.

We will be communicating a date for a members’ meeting shortly, to explain how we see the future in more detail and to answer your questions. For the Share Scheme to take place we do need to change the constitution of the Trust and we will be seeking your agreement to this at the meeting.

In the meantime, can I also please ask you to renew your season tickets if you haven’t yet done so or of course to buy one if you weren’t a season ticket holder last season. As you know, prices have been held at last season’s level. This will provide much needed revenue through the close season when we don’t have any match day income.

Finally, can I thank you for your support during what was a difficult season on the pitch and for your patience whilst we have been trying to find the best financial solution for the Club. I am convinced we will be successful if we continue to work together. We will issue further updates as developments take place and I hope to see many of you at the forthcoming meeting.

Trevor Stroud