Trust Legal Action Called Off

[CygnusX1]

This is nothing short of disgusting.
The club went behind the Trust’s back. And now the Trust has gone behind its members back.

I’m out

 

[monmouth]

Who is actually paying the £500k. Buyers, sellers mix?

This is a very good question. Or the club...

 

[Skippyjack]

Who is actually paying the £500k. Buyers, sellers mix?

This is a very good question. Or the club...

It'll probably be a loan, which makes it even more sad and all so predictable

 

[Vetchfielder]

I've just resigned and they have their little fuck1ng badges back at the pod in the next home game too

 

[JulieF]

I'm not just upset and angry, but also very very sad.

I won't be rejoining the Trust next year. Not sure whether I'll log in to tonight's AGM either. Is there any point?

This is tongue in cheek, but I wish it wasn't... Can we now take legal action against the Trust board for not taking the legal action mandated by the membership?

 

[Vetchonian]

The remaining members should table a vote of no confidence in the current board and insist the Trust is wound up.

 

[monmouth]

I'm not just upset and angry, but also very very sad.

I won't be rejoining the Trust next year. Not sure whether I'll log in to tonight's AGM either. Is there any point?

This is tongue in cheek, but I wish it wasn't... Can we now take legal action against the Trust board for not taking the legal action mandated by the membership?

Unfortunately the Board always had the powere to take a decision without consultation, but no previous Board was stupid enough, or had the inflated egos to do so.

 

[A4Jack]

https://planetswans.co.uk/2022/02/15/trust-issues-update-no-legal-action/

 

[3swan]

Who is actually paying the £500k. Buyers, sellers mix?

This is a very good question. Or the club...

Unless I've missed it. The Trust will receive etc. So if the sellers are paying some why is it dependent on promotion. Are they paying the initial £500k and the buyers only when the share price/ dividend goes up or at sale?

 

[3swan]

Just one final thought.

The club was bought under an initial veil of secrecy.

The Trust agrees a deal under an initial veil of secrecy.

 

[Londonlisa2001]

I feel now is a good time to remind everyone that I resigned from my position as a consultant / affiliate to THIS trust board around 4 months ago.

I am doing so to make absolutely certain that absolutely no one thinks that this is in anyway anything that I have supported or been involved with since the Trust board never saw fit to make it public that I’d resigned.

It’s also a good time to remind people that Andy Godden resigned from his advisory position to the sub group at the same time. We have no idea whether the sub group continued in any form after we left.

I can only apologise to everyone who is angry and hurt for being ultimately unable to influence the decision makers.

I was a firm believer in the Trust. I still believe that ultimately legislation will be brought in to ensure that clubs that are such a vital part of our communities are protected from those who will never understand.

However, I will be resigning from my Trust membership in due course. I can’t speak for Andy on that.

 

[Darran]

I feel now is a good time to remind everyone that I resigned from my position as a consultant / affiliate to THIS trust board around 4 months ago.

I am doing so to make absolutely certain that absolutely no one thinks that this is in anyway anything that I have supported or been involved with since the Trust board never saw fit to make it public that I’d resigned.

It’s also a good time to remind people that Andy Godden resigned from his advisory position to the sub group at the same time. We have no idea whether the sub group continued in any form after we left.

I can only apologise to everyone who is angry and hurt for being ultimately unable to influence the decision makers.

I was a firm believer in the Trust. I still believe that ultimately legislation will be brought in to ensure that clubs that are such a vital part of our communities are protected from those who will never understand.

However, I will be resigning from my Trust membership in due course. I can’t speak for Andy on that.

It’s not your place to apologise for anything.

 

[Pontyjack]

I also find it galling that us members have yet to receive any notification from the Trust on this.

 

[Uxy]

I feel now is a good time to remind everyone that I resigned from my position as a consultant / affiliate to THIS trust board around 4 months ago.

I am doing so to make absolutely certain that absolutely no one thinks that this is in anyway anything that I have supported or been involved with since the Trust board never saw fit to make it public that I’d resigned.

It’s also a good time to remind people that Andy Godden resigned from his advisory position to the sub group at the same time. We have no idea whether the sub group continued in any form after we left.

I can only apologise to everyone who is angry and hurt for being ultimately unable to influence the decision makers.

I was a firm believer in the Trust. I still believe that ultimately legislation will be brought in to ensure that clubs that are such a vital part of our communities are protected from those who will never understand.

However, I will be resigning from my Trust membership in due course. I can’t speak for Andy on that.

More than happy to corraborate Lisa's recollection of events. When I agreed to stay involved after my tenure ended, things didn't exact pan out as I would have hoped, whether by accident or design.

I'll see what's said later tonight, but a couple of things really stand out:
a) Does the Trust actually have a confirmation that Silverstein et all will convert their loan? The statement doesn't seem to be definitive on that. If not, it seems to have been used as leverage.
b) Can the Trust sell its 5% if it wants to? If not, is that actually a desirable position?

Lisa's the expert on the more technical aspects of what we needed, and why, but I hope the holes have been filled in. Difficult to comment further without knowing more about the agreement.

 

[Witneyjack]

I feel now is a good time to remind everyone that I resigned from my position as a consultant / affiliate to THIS trust board around 4 months ago.

I am doing so to make absolutely certain that absolutely no one thinks that this is in anyway anything that I have supported or been involved with since the Trust board never saw fit to make it public that I’d resigned.

It’s also a good time to remind people that Andy Godden resigned from his advisory position to the sub group at the same time. We have no idea whether the sub group continued in any form after we left.

I can only apologise to everyone who is angry and hurt for being ultimately unable to influence the decision makers.

I was a firm believer in the Trust. I still believe that ultimately legislation will be brought in to ensure that clubs that are such a vital part of our communities are protected from those who will never understand.

However, I will be resigning from my Trust membership in due course. I can’t speak for Andy on that.

There is nothing for you to apologise for.