Members will no doubt be aware that the consortium headed by John Neill and Colin Rowley has announced on social media that it is stepping back from the investment offer process. This has generated a lot of speculation and a degree of discontent in various quarters. In conjunction with other events outside the Trust Board’s control this has led to uncertainty that is potentially damaging to our Club.
The Trust Board intends to release a statement over the coming days outlining the current position and proposing a way forward, for both the short and longer term. The only delay in getting the statement released is Board member availability. Some of us are on holiday.
Our statement intends to inform members of:
- the background to the proposals from the consortium headed by John Neill and Colin Rowley and the ‘Associates’ group headed by John Hunter
- the technical and legal difficulties associated with external investment offers in light of our existing Trust constitution and rules
- how we propose to address the short term issues including the proposals themselves and the Trust’s relationship with the Club Board
- a medium-longer term blueprint for establishing governance that allows us all to operate within a set of rules that are respectful of differing opinions and clear to everyone
We hope to deliver that statement to you later this week