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Feb
13

Hospitality, Sponsorship and Advertising Opportunities Still Available

wwfc 1The Football Club has recently updated its guide to Matchday Hospitality, Match Sponsorship, Junior Matchday Packages, Player Sponsorship and Advertising Opportunities.

Click on this link Commercial Opportunities 201516 for the full guide

Do spread the word amongst other fans and local businesses.

For all enquiries contact Damian Irvine – Head of Commercial damian.irvine@wwfc.com 01494 455721 or

Becci Redmond – Commercial Operations Manager becci.redmond@wwfc.com 01494 455706

Jan
1

New Year’s Honour for Former Club Chairman and Manager

Brian LeeBrian Lee who managed Wycombe Wanderers in the 1970s when they were in the Isthmian League has been awarded an MBE for services to football in the New Years Honours.

Brian went on to become chairman of the football club and also designed and project managed the building of the new stadium at Adams Park.

He is now Chairman of the Football Conference  Trust and President of the Football Conference.

Trevor Stroud, Trust chairman on hearing the news, sent Brian this message of congratulations:

Hi Brian. Just a brief note to congratulate you on behalf of Wycombe Wanderers Trust on your award announced today.
Your contribution to football has been immense and makes the award totally justified.
I hope we can welcome you to Adams Park again very soon.

Brian was quick to reply:

Hi Trevor How very kind of you to write, it only reflects what countless other people have done for ‘our’ game and most of my life was spent around WW!
I was at the Oxford game and looking forward to going to Villa Park, sorry to Adams Park, next week!!
Kindest regards and all success to your endeavours in 2016.
Brian

The above picture is from one taken at the recent Ex-Players Association dinner and is reproduced with thanks to Ann Priest  (info@jpphotography.co.uk / 01494 713236 / 07850 632779)

Dec
3

Training Ground Update

Dear Trust Member,

Update on land on south west side of Marlow Road, used by Wycombe Wanderers FC as a training ground facility.

The Trust Board acknowledges that the subject of the training ground is an important one and that the discussion at last week’s AGM has prompted further questions and some uncertainty from members and supporters leading to some misinformation on social media.

As a supporter-owned club we ask that members understand that commercially sensitive discussions must occasionally take place, sometimes over a long period, but wherever possible the Trust is committed to as much transparency on issues as possible. To that end we are clarifying some facts regarding the training ground that could only be circulated now.

When did the deal take place?

Trust members were updated in February 2013 about the need to quickly raise cash.

A survey of Trust members was held and over 90% of respondents (402 at 28th Feb 2013) supported the sale and agreed to leave the matter in the Board’s hands.

The sale and lease-back agreement was signed on 28th March 2013 between Frank Adams Legacy Ltd. (“FALL”) and Ivor Beeks, Sandra Kane and Camberwick Properties Ltd (Ian Keizner). The land stopped being an asset belonging to the Group and became the subject of a lease and rental deal of 10 years with repayments fixed for the first 2 years, thereafter subject to increase in line with the Retail Price Index.

A special meeting of the Trust Members ratified the sale on 10th April 2013. Questions were asked and a Q&A note was compiled and is still on the Trust website via this link

Have the members of the Training Ground Funders group changed since then?

No change, they are still the same, and known as The Training Ground Funders (TGF),

Why did the deal need to take place?

Simply put, the only trading income generated within the group was through the football club and not enough was coming in to meet liabilities. A major restructuring and cost saving exercise had taken place but, in spite of this, just 9 months after the Trust buy-out, it was clear that the Group needed an urgent fresh external injection of cash to survive.

The only freely available asset the Group owned was the Training Ground facility and it was agreed that the ownership (not training use) be changed to urgently bring cash in at great speed. This was not a loan but a sale then lease-back deal, with a rent to be paid, that also included a right to buy-back at a price based on a fixed formula calculation of value.

The deal meant survival, in the same way as later funds have been required to keep the Group going. The Group balance sheet was presented at The Trust AGM last Thursday clearly showing that the Club / Group has continued to need further injections of funds from:
• Chairboys Funders (secured on Adams Park);
• Private investors (unsecured); and
• Recently, the Community Share Offer (or “Share Scheme”).

Why did the Training Ground Funders do the deal?

Simply, to ensure the survival of WWFC at March 2013. The TGF have always been committed to supporting the financial stability of the Trust, FALL and WWFC group of companies. Funding was provided to purchase the training ground purely with the objective of aiding the Club at a time of financial constraints after the Trust acquired the football Club.

Who received the money from the buyers?

The legal agreements were between the Training Ground funders and Frank Adams Legacy Ltd. (“FALL”) with the money received by FALL, and then passed immediately to WWFC. The funds were utilised within 30 minutes of receipt into WWFC to pay debts due that day and avoid the club going into administration.

What is the payment history?

FALL’s income and ability to pay its debts is completely linked to WWFC, and payments from WWFC to FALL. The agreement was that the Club would pay a monthly amount to cover the Adams Park rent and an additional amount for the training ground rent.

FALL’s Board has clarified the position between FALL and WWFC on Adams Park lease and rent that funded FALL’s training ground rent payments as follows:
• FALL agreed a 100% rent holiday for WWFC in the year ended 30th June 2014 due to WWFC’s financial difficulties in generating sufficient cash to pay the rent due;
• FALL were informed by WWFC that this was a situation that was not completely remedied in the year ended 30th June 2015 and FALL agreed a further rent holiday of 50% of the rent;
• FALL understands that the current financial forecasts of WWFC allow for the payment of the full rent for the year ended 30th June 2016 and look forward to receiving the agreed monthly payment of £17,500 during this period, allowing FALL to meet its own financial commitments. These payments to be made on or before the 25th of each month.

This meant FALL was able to make regular payments until February 2014, and WWFC was able to fund three more in early 2015. All payments by WWFC to FALL to cover rents then stopped after that time and FALL was not able to pay the training ground rent.

Under the terms of the lease this would mean FALL was in default but the TGF worked actively with FALL and the Club to find ways for FALL to make the payments.

When did the TGF’s solicitors issue a default notice?

Reluctantly, the TGF instructed their solicitors to issue a notice to protect its own position, on 6th August 2015, because FALL was in arrears with rent due and not paid. This meant that the option for the Club to buy-back the facility had come to an end.

A 30 day period of grace was granted for the Group, to come up with realistic proposals to rectify the broken contract. This was extended by the TGF to give the Group more time to arrange its finances.

What has happened since?

Negotiations have been completed to structure a deal that would work for all companies in the Group and the TGF to sort the financial arrangements and allow the Club to continue to train at the facility for as long as it wanted, and have a buy-back option re-instated.

Whilst the negotiations took place it was vital that matters remained confidential for legal and commercially sensitive reasons and we had to follow good corporate governance. This means that the matter was not something that the members of any of the Boards of the Group companies could share with members.

What is the new deal?

The deal was agreed in late October 2015 with the TGF confirming their agreement to the points below in a letter to The Trust on 3rd November 2015.

1. Rent Payments
These were the responsibility of FALL, and now re-negotiated. The TGF have agreed to WWFC paying the monthly rent direct, as of October 2015, and subject to 6 months’ notice to cease rental.

The rent owed by FALL at the end of September 2015 (£41,000) are to be written off subject to 10 months of satisfactory repayments of the rent by WWFC.

2. Agreement in place for WWFC to train on the facility
Nothing has changed about the land as a training ground facility. WWFC now pay the rent and continue to train at the facility, and has to give 6 months’ notice of wishing to cease renting the facility for training.

3. The Club’s ability to buy the facility back
The TGF are committed to the goal of reselling the training ground back to the Club at the earliest opportunity subject to a mutually agreed financial consideration should the football club still require the facility. To be negotiated in future but the Group have a signed letter confirming the option.

4. The intentions of the TGF
The TGF objective isn’t, and never was, to derive unreasonable profits at the expense of the Club from this transaction but to support the above group of companies.

In the event that the Club decides it did not require a training ground facility, perhaps because of artificial surface considerations at Adams Park, and the training ground was ultimately sold to a third party then the TGF would allocate a share of any potential profits being generated back to the Club. To be negotiated in future but the Group have a signed letter confirming the option.

This is a full summary of the Training Ground situation, and we would like to remind members that there are three ways to discuss the training ground or any other group financial matter: 

1. An informal, “drop-in surgery” open meeting to discuss all financial matters and the accounts on Wednesday 9th December in Scores/ Monty’s between 6.30pm to 8.30pm, where Mark Burrell (Group Finance Committee Chairman) and Martyn Broughton (Group Treasurer) will be available,
2. There will also be a Trust table in the new reception area prior to the Notts County match on Tuesday 15th December where Mark Burrell will be present and happy to discuss any further questions, and
3. Meanwhile, you can contact Mark on: mark@wycombewandererstrust.com

The Board of Wycombe Wanderers Trust

Nov
27

Communication from Nov 2015 Trust AGM

Please find attached AGM 261115 TSMB – the slides that were used at the Wycombe Wanderers Trust Annual General Meeting held on Thursday 26th November.

However they are just slides and should be taken as such, as they were intended as an accompaniment to the information already released and the verbal reports given by Trust Chairman Trevor Stroud and WWFC Director Mark Burrell.

We are committed to being open with the accounts of all three companies. If you have any questions when you have read them, or would like anything explained, Trust and Club director Mark Burrell and Group Treasurer Martyn Broughton will be in Scores/Monty’s from 6.30pm to 8.30pm on Wednesday 9 December (this is later than the date mentioned at the AGM following feedback on the short notice). There won’t be a presentation – this is just an opportunity for you to drop-in between those times and talk to Mark and Martyn.

Alternatively Mark Burrell is one of those manning the Trust table before the rearranged game with Notts County on Tuesday 15th November.

At this stage, the full and audited accounts for the Football Club do not yet need to be filed at Companies House, so they will not be made public until that time. In the meantime we can show you the abbreviated version here WWFC Signed abbreviated accounts to 300615 Again any questions on these can be handled at the surgery session as stated above.

The accounts for Frank Adams Legacy Limited have also been completed and are available here FALL Fin Stat Accs 30 june 15

Trust Members were sent the accounts to approve for Wycombe Wanderers Supporters Group Ltd (t/a Wycombe Wanderers Trust) and they can also be viewed here WWSGL Accounts to 30.6.2015

Matters raised in the Q&A with Andrew Howard and Gareth Ainsworth are available here AGM Q&A Nov2015

Nov
20

Consulting Our Members. Renaming of Scores as Monty’s

MontyThe Football Club has suggested that Scores Bar now be renamed to honour its long term President Monty Seymour and has asked us to seek approval to this from our members.

Click here to register your vote which needs to be in by midnight on Monday evening 23rd November.

This time has been chosen to link in with other changes being made in and around Adams Park, some of which were first noticed at last week’s friendly with Leeds United. Click here to read about the new reception and shop area.

Oct
12

Fans Fund Vital New Medical Equipment

The recovery from injury of Wycombe Wanderers players will now be aided by new specialist equipment funded by supporters who have invested in the club’s share scheme.

Through the share scheme initiative, which aims to raise £2 million over five years to boost the club’s working capital, profitability and attraction of Adams Park as a first-class venue, Wanderers have been able to purchase a range of medical equipment which is tailored to accelerate players’ return to fitness after injury.

The first item to be purchased is a shockwave therapy unit which treats on-going chronic injuries by using shockwave therapy to break down scar tissue and calcium build-up. Its proactive treatment reduces further soft tissue damage caused by favouring painless limbs.

Paul Hayes (2)Wanderers captain Paul Hayes has recently required shockwave therapy treatment off-site at an ongoing cost to the club in order to aid his rehabilitation from an Achilles injury, but the acquisition of this equipment enables Wycombe to administer this treatment in-house.

 

Manager Gareth Ainsworth explained:

With a small squad of only 20 players, injuries can really hit us hard which is why we are so reliant on equipment to get them back out there onto the pitch.

We have a superb medical team of David Wates and Cian O’Doherty who do a terrific job in keeping the lads fit and healthy, and this equipment is like a new signing in terms of the reduction in time that our players will be spending on the sidelines.

Chairman Andrew Howard said:

Being a supporter-owned club, the stability and growth of Wycombe Wanderers relies on the input of the fans, whether it be encouraging others to come to games, volunteering their time and effort or contributing to the share scheme. Without those supporters who have invested their money, this purchase wouldn’t have been possible.

Our fans have a unique opportunity here to shape the future of their football club. They can affect the way that the club and team perform in a way that supporters of other teams could never get close to. Since the share scheme launched, hundreds of people have contributed investments, others have pledged but not yet committed, and I’m sure there are other fans who are considering putting their money into the club.

My message to them is simple: put what you can into Wycombe Wanderers, and you can trust us to spend it wisely to improve your football club.

The share scheme has already achieved over a third of its overall target thanks to investments from more than 250 supporters. Fans can join in by downloading a form from wycombewandererstrust.com , from this link Share Offer Forms or by collecting one from Adams Park.

Sep
28

Grab a Sponsorship Opportunity

wwfc 1We are told there are still a few opportunities left to sponsor a player’s kit, the matchball or indeed the match itself.

Click on any of the following links to find out more or call 01494 455766 or email commercial@wwfc.com

Sep
3

Watch Luke’s Amazing Ball Skills

Luke OíNien of Wycombe Wanderers is presented his home shirt from his sponsor during Wycombe Wanderers Team Photoshoot 2015 at Adams Park, High Wycombe, England on 3 August 2015. Photo by PRiME Media Images.

Before he joined us from Watford, Luke O’Nien – the WW Trust Director’s sponsored player for this season took part in the Watford FC tennis ball kick-ups challenge.

He only had 39 to beat – watch to see what happened next

Click here to view an amazing video of ball skills from this young man

Thanks to PRiME Media Images for the photograph of Luke (right)

Jul
7

Trust Announces Board Changes

Wycombe Wanderers Trust have tonight announced new appointments to the boards of the football club, Frank Adams Legacy Limited and the Trust itself.

JB pic 2 (2)NIgel KingstonIn light of the recent resignations of Don Woodward and David Roberton, both Nigel Kingston (pictured left) and John Bignell (pictured right) have been co-opted on to the Trust board, having previously stood for election at the last AGM in February.

Trust chairman Trevor Stroud has joined the board of the football club along with fellow Trust director Mark Burrell and former club chairman Ivor Beeks.

John Derben, who sits on the Trust board, has also become a director of Frank Adams Legacy Limited, which owns the Adams Park stadium and all heritage aspects of the club including historic memorabilia.

Trevor Stroud said:

“The new board structures are designed to further support the operation of the Trust and its two subsidiaries. They also mark a move towards directors being selected based on their competencies and what they can contribute.

“I am confident that these new structures can continue the progress being made on and off the field, and make Wycombe Wanderers a model for Trust-owned football clubs going forward.”

All appointments have been ratified by the board of Wycombe Wanderers Trust.

The composition of each board is as follows.

Wycombe Wanderers Trust: Trevor Stroud (chairman), John Bignell, Mark Burrell, Alan Cecil, David Cook, John Derben, Garry Heath, Dale Jenkins, Nigel Kingston, James Sumner, Colin Treacher.

Wycombe Wanderers Football Club: Andrew Howard (chairman), Ivor Beeks, Mark Burrell, David Cook, Trevor Stroud.

Frank Adams Legacy Limited: Garry Heath (chairman), Alan Cecil, John Derben.

Apr
27

Accounts Now Published for 2013-14

The audited accounts for Wycombe Wanderers Football Club Limited and Frank Adams Legacy Limited for the year ended 30th June 2014 are now in the public domain along with those for Wycombe Wanderers Trust Limited for the thirteen months ended 31st July 2014.

(Wycombe Wanderers Trust Limited was dissolved at 31 July 2014 and converted into Wycombe Wanderers Supporters Group Limited, an entity registered under the Co-operative and Community Benefit Societies Act 2014 in England and Wales)

As the above pieces of financial information are referred to in our Wycombe Wanderers Trust Community Share Offer Brochure, they can be found by clicking on the Share Offer heading at the top of this page or by clicking this link

Jan
5

Anti-Social Behaviour – Text Service

Recently there have been some complaints from opposing teams and even from our own supporters about the bad language used by some of our fans both at our ground and at those we visit.

We encourage all fans to get behind the team but not to use foul and abusive language.

We repeat below the message from the Football Club that was carried in last Saturday’s Matchday Programme.

The club would like to remind its supporters of its regulations in relation to foul and abusive language around the stadium. The club’s policy states that “The use of threatening behaviour, foul or abusive language, as well as racial, homophobic or discriminatory abuse, chanting or harassment, is strictly forbidden and will result in arrest and/or ejection from the ground. The club may impose a ban for one or more matches.”

Supporters can report any anti-social behaviour by sending the word ‘Alert’ plus your location by text message to 82055, and the situation will be dealt with in a controlled manner by our team of stewards. This service is completely confidential.

Jul
17

Statement from Wycombe Wanderers Trust re New WWFC Chairman

Two years ago Wycombe Wanderers Trust took over the ownership of Wycombe Wanderers Football Club with Don Woodward taking on the position as Chairman for this historic club.

Don took over the Chairman’s role at a challenging time for the club and has worked tirelessly since then to establish a platform for growth. In this time the club has gone through many highs and lows and it is a credit to Don that he has steered the club to its current position.

Due to increasing personal work commitments Don has now decided that the time is right to step down as Chairman but he will remain on the Trust Board and assist the new Chairman .

We would like to thank Don for his vital input to Wycombe Wanderers over the many years and his commitment to the Chairman’s role over the last 2 years.

AHDon Woodward will officially step down as Chairman on the 31st July 2014 and be replaced by Andrew Howard (pictured right).

Andrew brings with him an established and successful background of business growth within the food industry and is actively involved in the motorsport Industry. Bringing with him a wealth of management and leadership experience, Andrew has been involved with WWFC for the last 5 years and takes on the role with Trust Board approval.

Don Woodward comments: “After two years as Chairman of the Wycombe Wanderers Football Club, the time has come for me to step down and hand over this challenging and rewarding role to Andrew Howard.  Having worked hard to provide a platform for this next stage of development, I am excited about this next chapter for the club and will remain on the trust board to help assist the new chairman in his role.

I have asked Andrew to take on the role from 1st August 2014, ready for the coming season, and wish him every success in this new and exciting chapter for the Club.”

Trust Chairman Trevor Stroud comments: “I would like to personally thank Don for his tireless commitment and the commendable job he has done as Wycombe Wanderers Chairman over the last 2 years. His efforts during the takeover two years ago and since have been an integral part of ensuring Wycombe Wanderers future as a professional football club.”

Andrew Howard comments: “I have been working closely with Don to ensure I am fully equipped to take on the role as Chairman, continuing to build a platform that the Club can grow from and I am very much looking forward to Wycombe Wanderers continuing its exciting journey.”

-Ends-