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Nov
1

Final Vote Outcome Revealed

We have now received the official report from Civica Election Services, regarding the vote to allow Wycombe Wanderers Trust to sell a majority stake in Wycombe Wanderers Football Club, the details of which can be found here.

As you will see from the results, an overwhelming majority of you voted in favour of the motion to allow Rob Couhig to purchase 75% of the voting and non-voting shares currently held by Wycombe Wanderers Trust.

We are currently working on the final legal issues, and will announce a completion date as soon as possible.

Thank you for not allowing apathy to decide the future of our Football Club.

Oct
23

Legacy Members vote in favour of Rob Couhig’s majority shareholding

Threshold of 75% has been reached.

Wycombe Wanderers Trust are pleased to announce that the required threshold to approve the purchase of a majority share in the club by Feliciana EFL Ltd – which is controlled by Rob Couhig – has now been reached, and the formal process to finalise the sale is underway.

The board of directors of the Trust unanimously recommended the proposed sale to Feliciana and initiated a voting period for its Legacy Members (Trust members who have held a season ticket at the club for four or more consecutive seasons) earlier this month, requiring 75% of the Legacy Members to approve the sale in order for the deal to be ratified.

The Trust have been informed by Civica Election Services, the independent organisation which is coordinating the voting process, that the 75% threshold has been surpassed. Subject to receipt of formal confirmation from CES that the resolution has been passed, which can only be issued at the end of the voting period, and subject to final due diligence from both parties, financial clearance from the EFL, and approval of Mr Couhig and his three fellow nominated directors through the EFL’s Owners and Directors Test, Feliciana will become the owner of both 75% of the club’s voting shares and 75% of the ordinary non-voting shares.

In return, Feliciana will invest £2.2 million to settle all outstanding debts, and support working capital needs at the football club. All charges currently held against Adams Park will be lifted, and the stadium and club memorabilia will remain 100% owned by Wycombe Wanderers Trust’s subsidiary company, Frank Adams Legacy Limited (FALL).

Feliciana will make available an additional £1 million for working capital, and the club will enter into a new 15-year lease with FALL to use Adams Park, paying an annual rent of £150,000, subject to a discount in the first five years, and will be responsible for maintaining the stadium.

The new football club board will be comprised of Rob Couhig, Missy Couhig, Peter Couhig and Mark Palmer, alongside two directors nominated by the current Trust board, allowing influence and involvement in the decision-making processes.

Trevor Stroud, chairman of Wycombe Wanderers and Wycombe Wanderers Trust, said:
“This is a hugely significant step forward for the club and we are delighted that the Legacy Members have followed the Trust board’s recommendation to welcome Rob Couhig and his team into the club as majority shareholders.

“Rob has demonstrated real expertise, determination, integrity and ambition over the past four months since the Trust nominated him as its preferred partner going forward, and we believe that those attributes, coupled with his financial contribution, make him the ideal person to build on the progress that the club has made under supporter ownership in recent times.

“We look forward to completing the transaction and working with Rob to help build a strategy to develop the club on and off the pitch in the short and long term, and truly believe that the foundations are in place for Wycombe Wanderers to continue its upward journey through the football pyramid.

“Wycombe Wanderers Trust have been immensely proud to be custodians of the football club for the past seven years, but I believe we have reached the upper limit of what we can achieve in terms of the sustainability of the club going forward. We are extremely grateful to the contributions of all supporters and volunteers throughout that time, who have committed immeasurable time and effort, and I know that that very culture will continue to play an integral role in the club under Rob’s stewardship.

“My final message is to the Legacy Members who are yet to vote; while the threshold has already been reached, and we wanted to share this news with supporters as soon as we were able to, I would still like to encourage you to submit your vote to help us demonstrate to Rob the true level of support that he has from the membership.

“As both a supporter and chairman of Wycombe Wanderers, I am more excited than ever for its future, and wish Rob and his team every success.”

A statement from Rob Couhig will follow in due course.

Oct
8

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

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 period of two weeks – Mr Stroud said: “The Trust board, as previously communicated, were in discussions with a number of interested parties in the summer, and after careful consideration, voted unanimously in favour of Rob Couhig’s proposal.

“Since reaching this decision in June, we have had no further contact with the alternative parties, nor have we received any formal offers other than Rob’s, and we have had no reason to doubt that our decision was the correct one.

“Our commitment to working with Rob and his team has only been strengthened over the past three months, as a result of the dedication, integrity and expertise displayed by him and his team which we believe will guide this club towards a more prosperous future.

“Rob has demonstrated his commitment from the outset, providing funds up front and agreeing to publicly enter into a period of engagement with our supporters, which no other party was willing to do at a time when the club was facing challenging financial circumstances.

“Without Rob’s financial contribution, the club would not be in position that it is now, and we remain fully focused on securing the approval of our Legacy Members for his proposal. We will continue to honour our obligations of confidentiality to all the parties who submitted proposals.”

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

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
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.

Feb
20

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

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 job to finish on the pitch, firstly guaranteeing survival in League 1 and then potentially achieving their highest ever league finish this century, as well as preparing to strengthen the squad for the 2019/20 campaign.

And it’s business as usual off the pitch, as the club continues to work towards improving its experience for all visitors to Adams Park and strengthening its ties with the local community.

The club believes that many supporters will be sure to book their place for the new season come what may – proudly sharing the ‘We’re Wycombe, Whatever’ tagline – but for some, their allegiance to the Blues may be affected by the outcome of the investment prospects.

The Trust are keen to ensure that the values, traditions and heritage of the club are upheld whichever direction is taken, and that supporters should continue to feel proud to wear the badge and remain attached to the Wycombe Wanderers community.

So with that in mind, the club have made a pledge that anybody who buys a season ticket during the ‘early bird’ window – closing on May 4th – will be entitled to a  full refund of  their season ticket by June 30th, if they choose not to continue their support of the team in this way. Simply contact the ticket office to arrange this.

Click on this link for season ticket renewal information

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
11

Think of Wycombe Wanderers As You Plan for Christmas (and all year round too)

There are a number of exciting ways in which you can help YOUR CLUB  in the build up to Christmas 2018 from the comfort of your own home.

(Don’t forget though that the club shop at Adams Park is open from 9am to 5pm on weekdays, or from 10am on home matchdays.)

O’Neills (Click here for their website) is the proud supplier of the Official Wycombe Wanderers FC Kit for the 2018/19 season.
Show your support for The Blues in a home, away or goalkeeper kit.
Get kitted out like Akinfenwa with their elite fit jerseys, and make it personal with a name or number.
They also have leisurewear including skinny joggers, zip training tops and training t-shirts for kids and adults. 

 

Media Storehouse https://www.chairboysprints.co.uk/ can supply framed prints and photographic gifts featuring current and past Wycombe Wanderers FC players.

They offer a wide range of beautiful wall art and photo gifts including framed prints, canvas prints, mugs, jigsaw puzzles, cushions and much more.

 

PersonalisedFootballGifts.co.uk are providing a wide range of Wycombe Wanderers FC  personalised gift items .
These include mugs, prints, phone cases, cards, notebooks, mouse mats, engraved gifts, jigsaws, coasters and water bottles.
Click here for their website

 

Finally if you really prefer to buy a more conventional (non-WWFC) type of Christmas gift, then you can still help raise funds for your club by registering with EasyFundraising via this link   https://www.easyfundraising.org.uk/causes/wycombewandererstrust/ or via their App.

Then join over 100 other fans who have already registered so that when you shop online via the easyfundraising portal or app, you raise funds for WW Trust, which we then use to help the Football Club – and all at no extra cost to you.

Many of the major retailers take part in Easyfundraising including Amazon, M&S, Sainsburys, John Lewis and Debenhams as well as holiday sites like Hotels.com, Expedia. Lastminute.com and Booking.com

Sep
28

Mark Burrell steps down from Club and Trust Boards

Mark Burrell has taken the decision to step down from his positions as a Director on the boards of both Wycombe Wanderers Football Club and Wycombe Wanderers Trust, effective from October 8th.

Burrell joined the Trust Board having been elected by Trust members in February 2015, and joined the Football Club Board in June 2015 to work with then-Chairman Andrew Howard and Trevor Stroud to improve the operations and financial stability of the club.

Taking on the role as Group Finance Director, Mark played a pivotal role in significantly developing the financial management of the Football Club and Trust, including the day-to-day needs of the club’s working capital cashflow and strategic long-term needs in terms of funding further success and development on and off the pitch.

However, Mark feels the time is right for him to pass on the responsibility of governing the finances in order to focus his efforts on to his own business.

He said: “Being part of Wycombe Wanderers Football Club has been an amazing experience since 2015, getting to understand the detail and brutal reality of what it takes to run and fund the club, especially with the confined finances associated with being a fan-owned club.”

“I have given so much time and effort to work with others to change the club and make significant progress towards off-field financial survival and stability.”

“However, that work has come at a cost to my business and it is now right for others to take the Group finances and investment opportunities forward. I’m pleased to have played my part in delivering these opportunities at the recent Trust Members meeting  and now others will take the plans forward as a team.”

“I owe this to my business, my clients and my family as there has to be a limit to how much individuals can do as an unpaid volunteer.  I am looking forward to being able to watch Wycombe Wanderers as a fan again as we strive to make a success of our first season back in League 1.”

Chairman Trevor Stroud said: “The finances have come from a complex and extremely challenging position to a point now where we have a clear understanding, for which we owe a great deal to Mark and I’d like to place on record our sincere gratitude for the expertise and dedication he has brought to both boards.”

“Mark’s contributions have enabled us to present an attractive proposition to potential investors who may be able to take the club forward, and we thank him for everything he’s done and wish him every success and happiness for the future.”

“We will review the requirements of both boards over the coming weeks with a view to welcoming new ideas and expertise, but in the meantime, we are pleased that Martyn Broughton – who is Group Treasurer for the Trust and club – will be helping to cover Mark’s role until a long-term appointment is made.”

Sep
9

Football Finance Directors Report 2018 – from BDO

The accountancy and business advisory firm BDO recently published their Football Finance Directors Report.
“This report is about the financial health and operations of football clubs across the English and Scottish leagues, with an insight into the top priorities and concerns of these football clubs, as well as commentary on how they are responding to developments in the game.”

Wycombe Wanderers – through its Finance Director Mark Burrell – has had input into this report for the last three years.

Members may find this report interesting to read – particularly before Wednesday’s important meeting

Click here to download the report

It contains some very interesting stuff that takes some reading and further analysis, but early key findings from this year’s report include:

  • Only 50% of EPL clubs reported their financial position as ‘very healthy’, compared to 71% last year
  • Only one-in-five FLC clubs believe that, two years in, the enhanced EPL media rights have been positive for their club, with no FL2 or SP clubs sharing this view
  • 71% and 64% of FLC clubs are expecting to make losses before and after player trading respectively, which is higher than last year: three-quarters of which are spending more than two-thirds of their revenue on wages
  • No FL2 responding clubs will be profitable before player trading and less than a third will be profitable after player trading, most likely at the expense of strengthening their squads for the future
  • Fewer FL2 clubs (17%) are expecting to be profitable after player trading than was the case in 2016/17 (30%)
  • Outside the EPL, over two-thirds of Football League clubs remain dependent on their principal  shareholder to finance annual revenue shortfalls or operating losses.

Please KIV that we would have responded as a FL2 club.

May
9

GDPR Privacy Statement

Following the recent advice on the Club’s approach to the introduction of the General Data Protection Regulation (GDPR) on 25th May 2018, the following Privacy Statement has been agreed, which also covers information held by The Trust about its members:

Privacy Statement   Click on that link to read

Anyone having any concern in relation to data that might be held by the Club, against their name, should contact the General Manager,  in writing, at Adams Park, Hillbottom Road, High Wycombe, Bucks, HP12 4HJ

Apr
5

General Data Protection Regulation (“GDPR”)

On 25th May 2018, a new Data Privacy law is being introduced, bringing the UK in line with European legislation.

Under GDPR, every individual whose data is held, has the following rights:

  • the right to be informed about the collection and use of their personal data. 
  • the right of access to their personal data and any supplementary information.
  • the right to have personal data rectified if it is inaccurate or incomplete
  • the right to enable an individual to request the deletion or removal of personal data
  • the right of individuals to obtain and reuse their personal data for their own purposes
  • the right to object to processing based on legitimate interests or direct marketing
  • the rights relating to making a decision solely by automated means

 

This explanatory statement covers the following data held by Wycombe Wanderers Supporters Group Ltd (“WWSGL”), Wycombe Wanderers Football Club (“WWFC”) and Wycombe Wanderers Ladies Football Club (“WWLFC”), known collectively, for the purpose of this statement only, as ‘the Club’:

  • WWSGL
    • Community Share Scheme Register
    • Trust Membership
    • Chairboys Funders
    • 500 Club Membership
    • Volunteers
  • WWFC
    • Sponsorship, Supplier and Customer data
    • Season Ticket Holders
    • Staff, including playing staff
    • Founder, Ordinary & Voting Shareholders
  • WWLFC
    • Player Registration

The Information Commissioners’ Office (ICO) allows the use of Legitimate Interest Assessment (“LIA”) to be used as a form of consent for individuals’ data to be held and processed, providing:

  • the individual would reasonably expect such data to be held, and
  • there is minimal privacy impact

An LIA has been conducted for all data currently held and has been deemed to be an acceptable form of consent. In addition, and for the avoidance of doubt, the Club will seek opt-in consent for the use of email to advise individuals of Club events, promotions and partner offers. The Club confirms that it does not share any of the above data with any third party, other than may be legally required by UK regulatory bodies.

Further information will be provided closer to 25th May, but anyone having a concern, who believes that his or her data is held under any of the above categories, should contact the Club either by email at wwfc@wwfc.com, or in writing at Adams Park, Hillbottom Road, High Wycombe HP12 4HJ.

Dec
26

Join the 500 Club-18 and YOU Could Be a Winner In ‘The 12 Draws of Christmas’

Wycombe Wanderers fans have had the chance to win exclusive prizes from the ‘Twelve Draws of Christmas’, launched by the 500 Club ahead of the festive period.

The 500 Club is in its second year, aiming to raise funds solely for the playing budget, to be spent during the January transfer window either on new players or extensions of contracts for existing stars.

Having raised almost £27,000 already this season, from 167 contributors, the initiative runs regular draws, giving supporters the opportunity to benefit from exclusive invitations, signed merchandise and more.

There’ll be 12 draws in the lead-up to Christmas so do sign up to the 500 Club-18 via 500wanderers.co.uk to be entered into each draw. Fans can either pay a one-off fee of £150, or spread the cost of 12 monthly instalments of £12.50.

Details of the draws and prizes (subject to change):

5th Dec – a ‘Director for the Day’ package at Adams Park – won by Eric Threlfall see this link

6th Dec – Signed WWFC Football – won by Richard Glenister see this link

8th Dec – Copy of Football Manager 2018 signed by GA – won by Steve Knight see this link

10th Dec – Copy of ‘The Beast’ signed by Bayo -won by Alan Fryer see this link

12th Dec –  one 20% off voucher to be used in the Club shop –won by Keith Higgins of Wycombe Sound Radio see this link

14th Dec – 2018 Calendar signed by the playing squad – won by David Riddington see this link 

16th Dec– A pair of Scott Brown goalie gloves – won by Richard Townsend

18th Dec – An opportunity to deliver the matchball at a chosen home game  – won by Paul Churchett

20th Dec – Signed personalised plaque (as seen in players’ dressing room)  – won by Gareth Cook

22nd Dec – 2018 Calendar signed by Gareth and/or the playing squad – won by Elizabeth Lowe see this link

24th Dec – Signed personalised name plaque (as used in players dressing room) – won by Derek Budd

26th Dec – Director for the Day – won by Philip Bate see this link

Picture above (thanks to WWFC and whoever took it) shows the first few winners receiving their prizes from Gareth.

Read more here https://www.wycombewanderers.co.uk/news/2017/december/fans-rewarded-in-500-club-draws/ and

https://www.wycombewanderers.co.uk/news/2018/january/latest-500-club-prize-draw-winners-revealed/

Dec
22

Accounts for Year Ended 30th June 2017

A link to the Trust’s audited financial report and accounts for year ended 30th June 2017 was recently sent to members with the calling notice for the Annual General Meeting and this can also be found from the appropriate article further down this page.

These and the end of year accounts for Frank Adams Legacy Limited (which owns Adams Park) can also be viewed on our Share Offer page via this link

The Football Club’s accounts for the same period are now finalised and have been sent to each Founder and Ordinary WWFC Shareholder.

Questions on any of these that were not answered at the Trust AGM on November 29th, can be raised at the Finance Forum which was to have taken place on Monday 11 December (postponed due to snow) and which has now been rearranged for Tuesday 23rd January between 6pm and 8pm in Monty’s Bar.