Quote: BIGAL1 "The supporter trust is nothing to do with the club, how it turns out will depend on support for the trust.'"
Whilst the supporters trust would be a separate entity from the club and WTRLFC Ltd, it will have very much something to do with both as it will potentially give the club an opportunity to secure another super league franchise AND it may ensure the solvency of the corporate entity (i.e. WTRLFC Ltd) which currently owns the club!
I also fully appreciate that the vast majority of the £500k will be used to discharge existing HMRC/bank debt BUT the new board of directors will have to develop a sustainable business plan going forward once these arrears have been paid.
If the trust was to raise £500k then it should ensure that it has a controlling stake in WTRLFC Ltd and control over who sits on the Board before advancing any of these monies.
If not then these monies will be advanced to the same controlling individuals who have run the club towards its current precarious financial position.
Hopefully the above is clear as it should be communicated to prospective contributors to the trust that it will happen! The other matter that needs to be clarified is who will administer the collections of money into the trust...the club, WTRLFC Ltd or a 3rd party...it should be the latter.
All the above should be considered at the meeting on 18th Jan.