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Jan
22

Legacy Members Voting Process

As I hope you are aware, the Trust Board has voted unanimously to support a proposed investment into WWFC, by Jim Collis and Bill Luby. According to the rules of the Trust, this must be approved by a vote in favour of 75% of the Legacy members of the Club. The purpose of this article is to explain to you how that voting process will work and how you will be able to vote.

How is the vote being run?

Electoral Reform Services will be handling the voting process to ensure that it is independent and fair. They are very experienced in this area and if you would like some background on them you will find it here www.electoralreform.co.uk

How do I get info on the vote?

There will be a meeting on 28th January at which presentations about the details of the proposed investment into the Club will be made by Trevor Stroud, Club and Trust Chairman and by Bill Luby and Jim Collis. There will then be a question and answer session so that any queries Legacy members have can be answered. We will also be sending out details of the proposed investment to Legacy members before the meeting takes place.

The meeting will be held at

The Hub, Union Baptist church, Easton Street, High Wycombe, Bucks HP11 1NJ

T: 01494 473889,  www.thehubhighwycombe.org.uk

This is situated next door to the Easton Street car park and if you come out of the car park by the side doors at the bottom of the stairs, the entrance to The Hub is immediately facing you. There is some street parking in some adjacent streets.

The meeting will start at 7.30 pm, but you should be there by 7pm latest as you will have to check in. Please make sure that you have photo proof of identity with you. It is hoped that the meeting will conclude by 9 pm latest. Coffee and tea will be provided but there is no food.

When can I vote?

The voting process will open at 9 pm on 28th January, after the meeting has closed, when you will be sent an email from ERS with details of how you can vote on line. This email will be specific to you and take you to the on-line voting site where you will be able to place your vote. The on line and postal voting process will be open from 28th January for a minimum three-week period, the exact date to be confirmed.  If you do not have access to email, you will be sent a postal vote by the ERS, with instructions as to how to fill this in and the date by which you must get it back to them.

When will the vote close and result be announced?

There will be a further meeting in February, at a date to be confirmed at the meeting on the 28th, for all Legacy members, (proof of identity is required) again at The Hub in Easton Street, High Wycombe. You are asked to arrive by 7pm as you must register with ERS and if you have not voted will be given a ballot paper. Following short presentations and a Q&A session, the Legacy member resolution concerning the investment will be put to the meeting.

Legacy members voting at the meeting will then fill in their ballot papers and put them in the ballot boxes provided. The vote will close at 8.30 pm. These votes, plus any postal votes plus all the votes placed on line in advance, will then be counted. The result of the vote will then be declared.

The complete voting process will be handled by ERS both during the minimum three-week voting process and on the night and the result of the vote will be declared by them.

Please note that, if you are unable to attend either meeting or unable to vote in person at the second meeting for any reason, but you wish to be represented, your representative must present documentary evidence of his or her authority to do so. In the case of the second meeting, you must appoint that person as your proxy. If a written proxy is signed under a power of attorney or other form of authority, then a certified copy of the power (not the original) or other authority, along with the original signed proxy must be lodged with Electoral Reform Services, The Election Centre, 33 Clarendon Road, London N8 0NW, no later than 48 hours before the second meeting, the date of which will be advised. If your circumstances change and you are able to attend the meeting, submitting a proxy in this way will not prevent you from doing so.

What happens next?

After the result of the vote has been announced Trevor Stroud will detail the next steps at the meeting.

Jan
21

Trust Update – 21st January 2019

We are a week away from the Legacy Members meeting at which Bill Luby and Jim Collis, and I, will present their proposal for taking the club forward, by acquiring a majority stake in Wycombe Wanderers. At such an important time for the club, I wanted to take the opportunity to update you on a handful of topics.

Firstly, later this week we will be able to share:

  • Details relating to Bill and Jim’s proposal, which will be sent directly to Legacy Members, giving them the chance to consider various elements of the deal in advance of the meeting
  • An itinerary for Bill and Jim’s visit, where there will be opportunities for all supporters – not just Legacy Members – to meet them

We remain in constant dialogue with Bill and Jim, and their team, and want to be sure that all information is accurate, relevant and fully approved from both sides before we are able to share it.

Meanwhile, I am aware of queries which were raised at the most recent Fans Council, which I am more than happy to cover off here.

– Firstly, there was a question as to whether the Trust had broken one of its own rules (rule 102) in relation to the loan we have recently taken from Bill and Jim, and the charge against the stadium.
The answer to this is no – the loan has been taken out by the club, rather than by the Trust. Our reason for the loan was simple; our cashflow reached a critical point over Christmas and when asked, Bill and Jim volunteered a loan facility to ease us through this problem period. Such a facility was not available via a bank or other means, and if it was, similar security would have been demanded.

– Meanwhile there has also been talk of other potential bidders in the process, and we acknowledge that one interested party has called a meeting to present directly to supporters. To date we have received an outline proposal from the party in question, but no formal bid.

We have always declared that we have been in discussions with more than one interested party and I can only reiterate that Bill and Jim’s proposal remains the recommended route forward for the Trust board. We will never close the door on any potential interest until such point that our negotiations with Bill and Jim reach a conclusion, but theirs is the best deal for the club – in the view of the Trust board.

Thank you for your continued patience and understanding while we work hard to achieve the best deal for the club going forward, and we look forward to sharing more details once we are in a position to do so.

Trevor Stroud
Chairman


Jan
11

Open Letter from Trevor Stroud

Good afternoon, and a belated Happy New Year,

I wanted to take the opportunity to talk as directly as possible to all supporters of Wycombe Wanderers Football Club, including members of the Trust, ahead of what is a pivotal time in the club’s 131-year history.

In just over two weeks’ time we will be asking Legacy Members to vote on whether or not to accept investment into the club from two American businessmen, Bill Luby and Jim Collis, who are seeking a majority stake in Wycombe Wanderers. A reminder that Legacy Members are members of the Trust who have held a season ticket at Adams Park for four or more consecutive years.

As volunteer directors of the Trust, this is new territory for us, and yes – it can keep us awake at night. We have each been elected to serve as custodians of the football club; to protect its heritage and safeguard our future. We take great pride in what we do, and standing on the pitch at Chesterfield in April, I personally was overcome with emotion as I reflected on what we had all – together – achieved. Above all, we are supporters who want the very best for the club, with no ulterior motives.

We’ve been entrusted to make the right decisions, and we are confident that we have found the best people to take the club forward, in Bill and Jim. Trust Members have met them when we introduced them at a meeting back in November, and we have been in constant dialogue with them over the past two months as we finalise the proposed deal which would see them become majority shareholders if they attain ‘yes’ votes from 75% or more of Legacy Members.

During that time, as is only natural, there has been plenty of discussion and speculation from supporters and Trust Members, and a fair amount of information – some accurate, some inaccurate – has been disseminated from various sources. We have never set out to deliberately conceal details from fans, but the discussions are, as I’m sure you can imagine, commercially sensitive and bound by confidentiality clauses on both sides, as is commonplace in business and football is no different, with most transfer dealings masked by undisclosed fees, like them or loathe them!

I am aware of grievances about a perceived lack of communication, and in some cases I can accept that we could have done things differently. The details of the postponement of the next meeting – originally provisionally booked for January 14th, but moved to January 28th – could have been clarified sooner, and for that I apologise.

I wanted to offer some clarity on a few points; I can only imagine there will be hundreds of questions and the opportunity for us to answer them will come at the meeting for Legacy Members on Monday 28th January. But for now, here is a synopsis of the story so far:

–              Two years ago we were introduced to a representative of Bill and Jim who enquired whether we would be interested in opening talks relating to potential investment into the football club. We said yes, and – along with expressions of interest from two other parties – have developed these talks into something more substantial

–              In September 2018 we held a meeting of all trust members to gauge their attitude, as the club’s current owners, to the possible options for the future of the club, and received an indication that we should proceed with discussions relating to outside investment.

–              In the autumn of 2018, following the members’ meeting, the Trust board agreed that its recommended option for the best way forward for the football club is to accept Bill and Jim’s proposal. More on that below.

–              We invited Bill and Jim to meet Trust Members at Adams Park in November; an evening that we – and they – felt was met with positivity from a large proportion of those present.

–              At the same time, the Trust agreed a non-binding heads of terms with Bill and Jim.

–              Faced with a concerning cashflow situation for the club over the winter months, and while negotiations have been continuing on the investment deal, Bill and Jim also agreed to make a loan available to the club,  with a charge against Adams Park, which is standard practice to guarantee some security against the person or persons loaning the money. This sum is to be converted into equity if Bill and Jim are successful in the Legacy Member vote, or repaid if not. Without this loan, the club’s cashflow was looking critical and could well have impacted on wages and bills being paid on time.

To return to an earlier point, the Trust’s purpose is to safeguard the club’s future, to ensure there is a Wycombe Wanderers for future generations to enjoy just as we have done, and those before us. There will be a Wycombe Wanderers for the foreseeable future, but the makeup of that club is ultimately dependent on its financial backing. We are making sizeable losses each year in our current setup, and it is not either fair or viable to rely on ‘football fortune’ (cup runs and player sales) as a breakeven model each year.

If Legacy Members vote in favour of the investment by Bill and Jim, I have every confidence that their investment will be spent wisely, to continue the forward progress that has been made on the pitch in recent years, and improve the off-field activity to help us better engage with supporters, sponsors and the local community as a whole. The potential for growth is exciting, and our due diligence to date leads us to have every faith that the values that make us proud of our club will continue to be upheld under new ownership, which would also include supporter representation on the make-up of the board of directors.

In case the vote is unsuccessful, the Trust has identified possible alternative options – though in our view, as it stands, these are less favourable. To be sustainable under Trust ownership would mean descaling the size of the on-field and off-field operations, and it will take the most optimistic of supporters to believe that that situation would not lead to a decline from our current league standing.

The Trust do not want to see the club decline; we have been honoured with Football League status for a quarter of a century, and have what I believe to be the one of the best management staffs and playing squads that we have had the pleasure of watching in that era. The club was in a dark place around the time that the Trust acquired ownership in 2012, and after overcoming some tough challenges in those first two years, enjoyed a steady progression thanks to the achievements of the team on the pitch, and considerable financial support from Trust members and other fans.

What happens next is up to the Legacy Members; we have offered our recommendation and more details of Bill and Jim’s proposal will become clear in the very near future. I am determined that every Member should use his or her vote; we want a 100% turnout to ensure that the future of the club is not decided by apathy of those not bothering to vote, given that not voting is counted as a ‘no’ vote.

From one fan of Wycombe Wanderers to another, we are all on this journey together, and I sincerely believe that welcoming Bill and Jim into the club will lead to a more prosperous and successful future for us all.

Thank you for reading, and during this exciting period, let us not lose focus of what brings us all to Adams Park in the first place – the football. Gareth and the team have this incredible hunger and determination to return to winning ways, to reach our target for survival in League 1 this season, and to continue to give you as much as possible to cheer and be proud of every single week.

Trevor Stroud

Jan
7

Legacy Members Meeting – 28th January

I am pleased to confirm the Legacy Members meeting will take place on Monday 28th January, in the Hub (Wycombe Baptist Church), Easton Street, High Wycombe HP11 1NJ starting at 7.30 p.m.

The purpose of the meeting is to present to members the proposal for investment into the Club, by Jim Collis and Bill Luby. This meeting had been provisionally scheduled for 14th January but has been pushed back to allow for more time for details of the proposal to be discussed between the two parties.

Following the first meeting, a period of voting will open (circa three weeks) and members will be able to vote online or by post.

A second formal meeting will be called, where a further presentation will take place together with the opportunity to vote in person on the night. The votes will be counted on that night and the result declared.

As we are talking about selling a majority stake in the Club, 75% of the 810 Legacy Members have to vote in favour. The important message is a non-vote is a no vote and it would be criminal if apathy decided the future of our Football Club.

It is planned to issue details of the proposal before the first meeting, and there will be ample time to ask questions, at the meeting, as well as on-line during the voting period.

You should by now have received an e mail confirming your status as a Legacy member. If you have not received this communication, and believe you qualify to be a Legacy Member, please contact David Cook at David.cook@wwfc.com

A more detailed timetable and how the vote is to be conducted by Electoral Reform Services will be sent to Legacy Members in the next few days. In the meantime, please put the meeting date in your diaries.

We are entering one of the most important phases in the history of our Football Club, it is your Club and it is vital, that you understand what is being proposed, and exercise your democratic right to decide it’s future.

Trevor Stroud
Chairman

Dec
31

Trust AGM Slides including Investor Update + Minutes

The Powerpoint slides used in the November 2018 Trust AGM – which include Trevor’s update on the American Investors – can be viewed via the following link WWSGL AGM 29 NOVEMBER 2018

Here are the minutes of the AGM 2018 AGM Minutes

Nov
30

More from the 2018 Trust AGM

Thanks to about 170 members who came to our AGM on Thursday night.

One feature this year was a presentation by Paul Foley, the Head of the club’s ‘community arm’ Wycombe Wanderers Sports and Education Trust.

You can see all of Paul’s presentation slides via this link WWFC Trust AGM Presentation

In particular slides 10-15 which outline the many different workstreams in which WWSET (a registered charity) is now involved.

The WWSET video is too big to upload here but can be viewed on our Facebook page  https://www.facebook.com/wwtrust/

Do go to WWSET‘s website http://www.wwset.co.uk/ to find out even more which includes the WWSET strategic plan 2018-21 paper copies of which were on each chair last night to take away. Or you can read it here http://www.wwset.co.uk/wp-content/uploads/2018/08/WWSET-Strategic-Plan-2018-21.pdf

Nov
24

Trust Membership Renewals Are (Over) Due

Membership fees for 2018-2019 became due on 1st November.

The majority of members pay by Standing Order but if you prefer other means you can pay by cash or cheque at the Trust table in the Caledonian Suite before our next home game.            

Alternatively send a cheque to Wycombe Wanderers Trust at Adams Park, Hillbottom Road, High Wycombe HP12 4HJ or pay directly into the Trust account, sort code 40-24-38, account no. 81390031 – using your membership number as your reference. 

If you are not yet a member and wish to join – you can do this at the Trust table in the Caledonian Suite or by emailing johnbig@wycombewandererstrust.com for an application form. You can also pick up a form from reception at Adams Park during office hours or download one here Membership Form 2019

Whatever way you pay your continued membership is much appreciated.

John Bignell
Membership Secretary

Nov
20

Audited Accounts FYE 30th June 2018 – UPDATED 7.11.18 & 20.11.18

22.10.18 The Audit of Accounts for Wycombe Wanderers Supporters Group Ltd, (t/a WW Trust), Wycombe Wanderers Football Club Ltd and Frank Adams Legacy Ltd has now been completed and most of the respective boards have now signed off their annual reports (WWSGL will do theirs this week).

Copy of the accounts for WWFC Ltd has now been sent to Ordinary and Founder Shareholders of that company by email (or by post where necessary) and a copy has been placed on this website under our Share Offer heading http://www.wycombewandererstrust.com/share-offer where, since the launch of the Trust Share Scheme, all our accounts have been available.

UPDATE: 7th November 2018 The signed audited accounts for Frank Adams Legacy Limited are now available and have been added to the same page – for sake of continuity

UPDATE: 20th November 2018 Ahead of the AGM next week, the audited accounts for Wycombe Wanderers Supporters Group Ltd (t/a WW Trust) have been added to the same page as above or can be viewed via this link WWSGL – signed accounts to 30.6.18

Oct
18

Become A Legacy Member

The Trust, working together with the Fans Council, has identified that there are a large number of supporters who are in their fourth consecutive year of holding a WWFC Season Ticket but who do not hold the status of being a Legacy Member.

Equally there are Trust members who are not Legacy members because they are not a holder of a full Season Ticket for the past four seasons. Unless, by renewing your season ticket for 18/19, you then become a ‘four- year’ ST holder, in which case you become a Legacy Member with the voting rights defined below.

Under the Trust’s Rules, a Legacy Member has the following voting rights on:

    • any decision to sell, transfer or otherwise dispose of Adams Park;
    • any decision to sell, transfer or otherwise dispose of shares in the Club that would result in the Trust’s shareholding being less than 50% +1;
    • any decision to sell Club memorabilia; and
    • such other decisions (relating to the history and character of the Club) as the Board of Directors may reasonably determine from time to time.

If you are not a Trust member but have held a full Season ticket for the past four seasons and have or even have not received an email inviting you to join the Trust, then you can join the Trust by picking up a form from the Trust Table in the Caledonian Suite on matchdays or by downloading a copy of Membership Form 2019 which, when received together with your membership fee for the coming year, would result in your becoming a Legacy Member with the voting rights defined above.

Your Trust wishes to encourage you to join the already 570 strong Trust members who are also currently Legacy Members, with the aim of ensuring that the Football Club achieves its’ true potential.

The Trust, but more importantly, THE CLUB needs you!

Sep
14

Use Easyfundraising to Raise More Funds for Wycombe Wanderers as You Shop Online

Did you know that whenever you buy anything online – from your weekly shop to your annual holiday – you could be collecting free donations for Wycombe Wanderers Trust?

It’s a really simple way to raise money for Wycombe Wanderers Trust through your everyday online shopping with over 3,300 retailers including Amazon, Argos, John Lewis, ASOS, and it’s completely free!

It’s as easy as 1, 2, 3…

1. Head to https://www.easyfundraising.org.uk/causes/wycombewandererstrust/

and join for free.

2. Every time you shop online, go to easyfundraising first to find the site you want and start shopping.

3. After you’ve checked out, that retailer will make a donation to Wycombe Wanderers Trust for no extra cost whatsoever!

There are no catches or hidden charges and Wycombe Wanderers will be really grateful for your donations.

Thank you for your support.

Aug
8

Fans Keep On Giving….. So We Can Provide (Updated October 2018)

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 £615,000 has been banked with a further £90,000 committed to be received over this and the next 2 seasons.

So what are we doing with your money?

Much of the initial inflow has gone 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

If you feel that fan ownership is worth more than the annual membership fee, then do join in with those who are contributing a bit (or a lot) more. See any Trust Director manning the table before each home game in the Caledonian Suite or go to our special Share Offer page via this link .

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

Jul
30

New Season = New Badges

We will welcome back Terry’s Badges to Adams Park for a sixth season on Saturday with the stall set up in the lower car park adjacent to the first programme hut and near to the away fans marquee.

Matchday badges will be on sale for this and every home game this season at just £3 each. If you want a framed collection of them all, available at the end of this season, then please place your order direct with Terry Hall.

As well as the Matchday Badges, Terry has a number of other WWFC-themed badges for sale and all profits on these (and on the Matchday badges) are donated to WW Trust to help our fundraising for the Football Club. For this season there are at least two new designs, the Promotion badges (celebrating our 2017-18 rise from League Two) and a rosette-style badge in our club colours of light and dark blue.

Thank you for your support of this initiative, which has brought useful extra cash into the club over the past five seasons.

Jul
5

IMPORTANT: Change to the Trust Community Share Scheme

I am writing to you to let you know of an important recent development regarding our Community Share Scheme.

We have been informed by HMRC that shares to be issued under the Community Share Scheme will no longer qualify for tax relief under the Enterprise Investment Scheme, or EIS.

HMRC would have been within their rights to withdraw EIS relief in respect of shares issued under the Scheme since late 2015. However, because we approached HMRC with our concerns on this matter, rather than it emerging in an HMRC audit, HMRC has confirmed that, as a concession, they will not look to withdraw relief retrospectively. This means that EIS 3 certificates issued up until 5 April 2018 will remain valid and those shareholders can continue to claim tax relief on their existing investment. 

However, we are, regrettably, no longer able to make EIS relief available for future share issues.

A considerable number of investors under our Community Share Scheme invest on a regular basis. We will be writing to them shortly, to enquire whether they wish to make any change to their current payment instructions.

Shares in the Community Share Scheme are issued quarterly; no new shares have been issued since 6 April this year, and we were due to issue the next round of shares after the end of June. Shareholders who have paid for shares in that period will therefore not yet have received their shares and, because of this change, will no longer qualify for EIS relief on their investment. We will of course be contacting those shareholders individually as soon as we can with an offer to return their monies in full if they wish.

The Trust Board was in any event due to consider the future of the Community Share Scheme as we approach the end of our initial 5-year plan, and these changed circumstances will mean that we will do so as soon as we can. Despite the Club’s recent success on the field, it remains the case that ownership of a lower league football club is a financially precarious occupation. Many other clubs have owners with deep pockets who can underwrite losses and make substantial investment with a view to improving their teams’ chances of success; to enable Wycombe Wanderers to remain competitive in the medium to long term, the Trust, as the Club’s immediate owner, needs to be able to do the same. Until further notice, therefore, the Community Share Scheme will remain open for subscription, the only difference to the initial terms being the inability for investors to claim EIS relief on new investments.

The Community Share Scheme has been one very important way in which Trust members, as the Club’s ultimate owners, have enabled us to support the Club financially in recent years. The Trust directors, and indeed the Club directors, are very grateful to those investors who have to date invested over £600,000 since the scheme was launched. We will continue to work with the Club directors to ensure that they have access to the necessary financial support to maintain the recent progress, both on and off the field, whether through initiatives such as the Community Share Scheme, the 500 Club, or any other ways of raising sustainable long-term finance.

If you have any queries as to how you may be affected by the withdrawal of EIS relief on future share issues, please contact us via our special email address shares@wycombewandererstrust.com

With best wishes – and here’s to a great season in League 1!

Trevor Stroud
Chairman
Wycombe Wanderers Supporters Group Limited

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                 dave@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.