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Wycombe Wanderers Trust

Posted: Wed 01 Jul 2015
Author: @wwtrust

Find out more from the parent company of Wycombe Wanderers and Frank Adams Legacy.

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 (the trading entity) and Adams Park as separate entities.
Features
Wycombe Wanderers Trust Board is made up of the following directors:

John Bignell - johnbig@wycombewandererstrust.com
Mark Burrell - mark@wycombewandererstrust.com
Alan Cecil - alan@wycombewandererstrust.com
David Cook - dave@wycombewandererstrust.com
John Derben - john@wycombewandererstrust.com
Garry Heath - garry@wycombewandererstrust.com
Dale Jenkins - dale@wycombewandererstrust.com
Nigel Kingston - nigel@wycombewandererstrust.com
Trevor Stroud - trevor@wycombewandererstrust.com
James Sumner - james@wycombewandererstrust.com
Colin Treacher - colin@wycombewandererstrust.com
  • Ownership of Adams Park (professionally assessed at £7million) is held within Frank Adams Legacy Limited (“FALL”). There is a separate FALL Board, currently under reconstruction.
  • Most major debts of the Trust sit under FALL, secured by charges on Adams Park, but Wycombe Wanderers Trust also has some debts to pay.
  • Wycombe Wanderers Trust relies on rental income from WWFC (the trading entity) to gradually pay down its creditors and loans via FALL (for example remaining Steve Hayes repayments, Chairboys Funders interest).No takeover or change in ownership can proceed without 75% approval from all 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 approximately 570 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 Andrew Howard (WWFC Chairman) and its employees.

Only the Wycombe Wanderers Trust Board can appoint and remove individuals from and to the WWFC club board (WWFC’s Club Board is made up of Andrew Howard, Ivor Beeks, Mark Burrell, 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 WWFC’s 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.