Happy First Birthday To Our Share Scheme

Happy Birthday

Yes, it’s a year since we launched the Community Share Scheme, so it’s 1-year-old this week.

Let’s look at a few questions – has it worked, what has it achieved, how much has it raised, has it helped the Club, what has the money been spent on?

Let me try and answer these and also look forward to how the Scheme will develop in the future.

I think it’s definitely worked. It’s helped raise the profile of Wycombe Wanderers in the football community, in the greater Wycombe area and among our supporters both near and far.

At the end of the first year, we have absolute commitments to £714,000 over five years. We have put £370, 000 in the bank already and will add another £35,000 by the end of this season. Over 290 people have contributed to the Share scheme so far, that’s an amazing achievement.

Now the big questions – has it helped the Club and what has the money been spent on?

Let me remind you of one of the key aims of the Scheme. “To provide a capital injection to re-finance the Club.” Without a doubt the Scheme as gone some way to helping the Club in its’ objective of achieving financial stability.

The key things we have used the funds for are:

  • HarrimanHelping to re-finance the Club
  • Buying specific items like mowers, new Club flag, and the replacement of broken seats to replace those that have suffered wear and tear over the years, thereby maximising available capacity.
  • Fixing the big screen so that we can attract new advertisers
  • Buying medical equipment to speed up player recovery times
  • Providing funds to help buy Michael Harriman (pictured right)

The Future

They say the first year is the easiest in fund raising. We set ourselves a target of £2m over 5 years and to date we’ve raised 36% of that, so there’s still a long way to go. We will be continuing to come up with ideas to raise awareness of the Scheme and to try to persuade more people to contribute. For instance, there is a need to refurbish our changing rooms and that is just one area of potential support that we are currently discussing with the Club.

At present there are over 2,400 season ticket holders at the Club and over 1,000 members of the Trust. But we’ve only got 295 investors in the Share scheme.

So if you are one of those who has not yet contributed, please think about doing so. It’s your Club and its future will definitely be brighter the more funds the Share scheme is able to raise. Application forms are available on Matchdays at the Trust Table in the Vere Suite and on line here. Remember that UK tax payers can claim tax relief of 30% of their investment in any tax year

One other point. If you have any good ideas as to how we should take the Scheme forward and persuade more people and businesses to invest in the Scheme, please let me know. We’d be delighted to work with you to do this.

Finally, a very big thank you to all those who have invested their time and money in the Share scheme and here’s hoping that on the Scheme’s second birthday we’ll be celebrating reaching that £2.0m target.

Nigel Kingston

Chairman Share Issue Marketing Group

Email nigel@wycombewandererstrust.com