Quote: Joe Banjo "Just read, Residents for Newmarket tweet,he would be willing to buy shares and proxy them to Supporters Trust.Maybe this is the way to get round the one vote one member .'"
That is exactly the model we are looking into.
When we began to discuss the idea of the Trust - in the dying days of the Ted era - we had hoped to request the proxy of the then shareholders in sufficient numbers to force the clubs hand and allow a rep on the BoD. The process to set up took us past the time of that company and, in any case, we were not satisfied that we could support putting additional finds into the club at that time - hence not backing the call for 500 people to pay a £1,000.
We believe, on the basis of what we know so far, that this is a different proposition and certainly the response to the idea has been met much more warmly than we had 3 years ago.
Our ideal scenario is that a number of individuals purchase and own, in their own name, shares for which they would then proxy their votes to the Trust - who are run on a one member / one vote basis - in sufficient numbers to ensure that we demand (in the nicest possible way) a place on the board. We are also investigating 'Community Shares' and will report back on these matters shortly.
Fair play to our Loiner friend - Inflatable Armadillo - who has offered to stump up on our behalf - as if he owes us anything??
