To clarify, I am of the view that the trust funds could be used to fund part time wages of football people, let's say Alan Curtis, who may not want full time commitment, but would have a lot to offer NCAFC. He could also represent the trust at board level of NCAFC on a non payment basis.Chris Davis wrote: November 4th, 2023, 9:37 am"That is why I believe that the trust paying for experienced football people to have a defined role with the club, but also sit on the club board when required, could be a good use of trust money." By that, do you mean that the Trust should fund executive jobs within the AFC and those executives be appointed at Director level? Or do you mean that the Trust should pay some remuneration to it's proposed agreed Directors, who represent it on the BOD? I think the first would have some difficulty because employees of the AFC and particularly BOD level employees would entirely owe their duties to the AFC and not the Trust. The second, although more feasible, would probably require the recruitment of part time non executive directors who had the relevant football experience (howsoever defined) and other attributes. They may certainly want remunerating although you might of course get volunteers. Even so, as Directors of the AFC by law they would be required to act in the interests of the AFC and not the TrustBangitintrnet wrote: November 4th, 2023, 7:32 amHJ offered the Swansea Trust the chance to to increase their shareholding before selling his shares, they were unable, or unwilling to step up to the plate and run the club.Stan A. Einstein wrote: November 3rd, 2023, 4:14 pmPausing for a moment.Chris Davis wrote: November 3rd, 2023, 3:34 pm
I agree with you that HJ will have de facto control. However, I think that the impact that the Trust will have will all boil down to how far HJ accepts that the Trust has a significant role to play in the future of the AFC. In short, does it have a value to him and what does he have to do or concede in terms of AFC Board influence to get that value? That, for me, is determined by how active the Trust is in delivering the aspirations set out in the agreed proposal. I also think that it would be advantageous to the Trust, the AFC and the wider community if the Trust is there as a 'buyer of last resort' if it does not succeed as HJ wishes it to.
Firstly we know that Mr Jenkins fell out with the Swansea City Trust. We also know that he did so because at the moment it suited Mr Jenkins he sold the club to American investors leaving the Trust and its' members high and dry. No doubt Mr Jenkins would argue, and with some merit, that he left Swansea in a far better position than he found them.
Secondly we have seen over the last year the financial acumen of those who administered Newport County. The idea the greatest fool in Wales would take advice from that crowd is fanciful. The idea that a highly competent businessman would take any notice of the directors of the Trust is beyond barking.
In his governance proposal HJ states that the trust would be involved in how money is spent. I suspect that is in relation to trust money only, as he also mentions ring fencing money.
I see no reason why his board should require trust involvement, other than for trust investment decisions. That is why I believe that the trust paying for experienced football people to have a defined role with the club, but also sit on the club board when required, could be a good use of trust money.
That's what I am driving at, but with HJ deciding his role at NCAFC, but hopefully leading and mentoring younger people.
I personnally do not see a trust representative on the NCAFC board looking after say the commercial side of the club, as that type of role will be filled already.