Willing to be corrected but are the shares on public sale? Sarge
Sent from my iPhone On 3 Apr 2014, at 16:44, "[email protected]" <[email protected]> wrote: > Here is the plan from the Trust - so all you out there , get your money out > ???? > Dave > Leeds United Supporters’ Trust would like to start canvassing opinions from > fans about our Fan Share Scheme proposal, that will allow fans to buy a stake > in the club and ensure supporters have a voice at Elland Road. > > The scheme will be open to all individuals, groups, businesses etc without > discrimination or prejudice. It will be administered by the Trust, who over > the last twelve months have undertaken the work required to be in keeping > with Financial Conduct Authority (FCA) regulations, and with our > responsibilities as an Industrial and Provident Society (IPS). > > The proposal is to offer two donation options. > > The first is to donate to a fixed sum that would provide a pot of money with > which shares in the club could be bought outright. The size of the > shareholding bought would be negotiable dependent on the amount pledged. > > The second is to make monthly donations by direct debit or standing order to > provide an annual sum that can be invested in the club to buy additional > shareholdings, or for specific purposes as the donators choose. Use of this > money would be written into any agreement with the club’s owners. > > We are planning to have a scheme in place whereby donators who would like to > make a fixed upfront donation but don’t have the cash available would be able > to use an affordable loan system, so they could donate upfront to the fund > and then pay the money on a monthly basis. Loans would be granted alongside a > savings scheme, so that repayments would also build up a small savings fund > for each donator at the same time. With this scheme we hope that all fans > will have the opportunity to donate. > > As part of the Trust’s constitution a LUST board member would be required to > have a non-executive place on the board at Leeds United to facilitate the Fan > Share Scheme. To ensure a fully independent and democratic process, alongside > this any donator will be able to nominate themselves for a second place on > the board, which will be voted for by all the other donators. This will be a > condition of the Fan Share Scheme. > > The amount of any financial donation will not buy the donator any more power > or authority than any other. Each donation will give the donator one vote: > one donator, one vote. > > As a legal requirement of the rules that govern LUST as an IPS, enforced by > the FCA, all donators will become free members of LUST. > > Donators can choose one or both donation options. > > We plan to begin canvassing opinions on this scheme next week, but feel that > with the situation at the club at the moment it is important to give our > members, supporters’ groups and Leeds fans the chance to think about these > proposals. > > The canvassing exercise will not commit anyone to any financial obligations; > we will use the feedback to make informed decisions about our financial plans > going forward. > > The scheme is not dependent upon who gains control at Leeds United. LUST can > and will work with any owner to ensure that supporters have a voice, and that > their money can be used for the future benefit of the club. > LEEDS UNITED SUPPORTERS TRUST | POST A COMMENT | SHARE ARTICLE > > > > http://lufctrust.squarespace.com/blog/2014/4/3/proposed-fans-share-scheme-from-the-trust.html?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+lufctrust+%28Leeds+United+Supporters%27+Trust%29 > _______________________________________________ > Leedslist mailing list > Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist > To unsubscribe, email [email protected] > > John 'Grampa' Sykes > Rest In Peace old lad > 28th Oct 1938 - 12 Nov 2013 > MARCHING ON TOGETHER _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] John 'Grampa' Sykes Rest In Peace old lad 28th Oct 1938 - 12 Nov 2013 MARCHING ON TOGETHER
