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Topic: The Trust (Read 1554 times)
red macca
The Trust
«
on:
Friday, October 20, 2006, 08:46:34 »
Number 13 on the list .I didnt realise this very good move by the trust i think surely a even bigger reason for the trust to try and get brezovan .he will make a profit for the club surely
http://www.truststfc.co.uk/RAF_terms.php
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Turbo
The Trust
«
Reply #1 on:
Friday, October 20, 2006, 10:33:30 »
The club must payback monies donated to them :?
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RobertT
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Posts: 12323
The Trust
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Reply #2 on:
Friday, October 20, 2006, 10:50:19 »
No, a split of any "profit" goes back into the fund (which can only be used to buy more players).
The club always gets the benefit of the money, it's just partly protected.
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pauld
Aaron Aardvark
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Posts: 25436
Absolute Calamity!
The Trust
«
Reply #3 on:
Friday, October 20, 2006, 11:32:36 »
The point of the condition was/is to ensure that a hypothetical rapacious board could not use RAF money to buy a player, sell him on at a fat profit within 6 months, then see the money disappear down various black holes/go to shareholders etc. This way, a chunk of any profit is still available (and ringfenced) for spending on players. Don't see how any fan (or any decent board for that matter) could object to that. And no, this isn't a dig at the board - the club have already agreed to the T&Cs
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Northern Red
The Trust
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Reply #4 on:
Friday, October 20, 2006, 13:50:19 »
That seems reasonable - protection of player profits to buy players rather than pay off debt.
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