AFC Telford Utd

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AFC Telford Utd

Postby Paul Brennan » Tue Oct 11, 2016 4:26 pm

An interesting statement from the directors of AFCTU

Some key quotes:
"The club is now in a position where cash flow is extremely difficult. Income has fallen, particularly from gate receipts, and some key costs have risen. We have tried to provide the utmost support to ensure the team on the field is successful, but there is at least one income stream that was budgeted to support this which has as yet failed to materialise.
For the record, there is no winding up order against the club nor are we aware of one pending. Players and Off Field Staff were paid on time at end of September. Any other outstanding payroll will be paid over the coming days as usual.
Today, and perhaps most importantly, we have also urged the Trust Board to put in place a process to enable urgent changes to the ownership model of the club which would allow external investment.
The format that this change takes will of course be subject to debate but we have urged that this happens this week. Delay in allowing the change could prove fatal to the business."

All very relevant for any non-league club (except those being bank rolled of course) and especially for all supporters trusts. How Telford deal with this situation will be of real concern and interest to many of us.
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Re: AFC Telford Utd

Postby Two4joy » Tue Oct 11, 2016 5:17 pm

Trust Chairman's statement

"Following a club board meeting on 10th October I call for an SGM for the Trust on Monday 17th October in the Learning centre at 7pm where it will be proposed that our majority shareholding in the football club ceases and that shares be issued as a consequence to parties able to dedicate the required funds to the running of the football club".

Answers that question then ! :|
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Telford FC crisis

Postby mike1 » Thu Oct 13, 2016 12:25 am

The recent AFC Telford board's frank and lengthy statement about the financial plight of the club would seem to be a cautionary tale for the rest of aspiring non-league clubs. I seem to recall not too long ago Telford being held up as a role-model of a fan-owned club and all the advantages that scenario could bring. What has happened there appears to be anything but advantageous and the club is in serious financial difficulty owing to insufficient investment from outside, from local businesses, etc - and also a less than effective business-plan from within. All of which in my view reinforces the prudence with which our own club is managed and surely promotes the idea that a Trust supporting the management is a safer prospect than trying to fulfil a desire to hold greater power. The present management system at Chorley FC offers much for supporters to be grateful for.
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Re: AFC Telford Utd

Postby Paul Brennan » Thu Oct 13, 2016 5:25 pm

Updates from the Telford Trust
"This evening we have agreed unanimously that we need a Special General Meeting. We are currently taking legal advice as to how we can do this in quickest time possible notwithstanding the need to ensure that every member has a fair opportunity to have their say. We have to be honest and say that yesterday’s announcement was too hasty and that there will not be a special meeting this coming Monday.

We have for a long time been concerned with the apparent decline in people willing to get involved with the Trust. This year we face the prospect of having a record number of vacancies due to the number of resignations that have or are scheduled to take place against a backdrop of a record level of apathy felt towards the organisation. We recognise that there are a number of reasons for this including, at times, our own inability to meet the expectations set by members." [my emphasis]
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Re: Telford FC crisis

Postby mark » Thu Oct 13, 2016 8:05 pm

To start with, I'll declare that I'm on the board of Chorley Supporters Trust.

AFC Telford are indeed in dire straits. Their problems look to have numerous causes: to add to those mentioned above are swingeing safety requirements for the stadium and a lack of volunteers.

The club statement is here for anyone interested in reading further. It seems they are planning a change in corporate structure to encourage more investment. They will doubtless weigh up the pros and cons and make the decision they feel is best for the club. It's worth noting that the current structure has served them well enough up to this point.

It will be interesting to see what happens next there. This is pure speculation on my part and not backed up by any inside knowledge, but I would not be surprised if there were some individual waiting in the wings promising a large investment in exchange for influence in the way the club is run.

For Telford to release this information is welcome transparency and a necessary step in encouraging more investment and volunteering, which are perennial problems at all clubs.

However holding up Telford as an example of why supporter ownership is a bad idea invites counter bids. I'll see your Telford and raise you a Blackpool.

The present management system at Chorley FC offers much for supporters to be grateful for.

I think we can all agree on this.
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