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Author Topic: Open letter from the trust  (Read 8992 times)
TailBetweenLegs

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« on: Wednesday, May 15, 2024, 05:55:39 »

Thought this deserved it's own thread

Dear Mr. Morfuni,

We write this open letter, not only out of a sense of deep frustration but also through a duty to look after the best long-term interests of Swindon Town Football Club.

We, at the Trust, led the agreement to purchase the County Ground from Swindon Borough Council with the help of the Eady Trust in order to give the Club a significant reduction in rent and the ability to invest in the facilities to make the Club sustainable moving forward.

In addition, we have tried to support, encourage, advise you and give you constructive feedback in order to give you the best chance of success in running the Club.

We made sure that throughout an incredibly hard second half the season we remained focused on supporting the Club and its players, putting the relegation battle first. Although we avoided relegation, we did still end in the worst league position in modern history.

There are many things we have and continue to appreciate, including the creation of the Advisory Board, joining us in a Joint Venture to own the County Ground and bringing the Women’s team into the Club.

However, with the season over we hoped that our survey, which over 2,000 of your customers completed, would be used to finally make you see both the level of feeling of the fans and to take on our advice to avoid another disastrous season.

But the advice, feedback and survey results are still met with a consistent level of denial and a version of reality which does not relate to the facts. For example, you continue to insist the Club is debt-free. It is not.

You have declined to transfer the shareholder debt into equity, which would fulfil the commitment you made at the last Fans Forum where you said you would 'wipe the debt'.

Consistently over your tenure you have repeatedly not been honest. The Club has been found guilty of EFL charges relating to both undisclosed shareholdings and late payments and it is clear that the Club is constantly struggling with cashflow.

With the County Ground Joint Venture, the club has conducted a secret Master Plan project without the expected collaboration and denied all knowledge that it existed when initially first asked about it. The rent has been persistently getting paid later and now that we have set the ground rule and limit of 30 days past it’s due date, it’s unsurprising that the rent is now being paid exactly 30 days after it’s due without fail.

Your persistence in appointing an entire team running the Club (with few exceptions) who have never performed their role before and/ or come from a football background, has meant nobody can be surprised at where the Club finds itself now – and frankly, relegation would not be a surprise to us next season.

You have had over 100 days to find and appoint a first-team manager and it is indicative of the lack of leadership, overall strategy and ability at the Club, which the fans have recognised and voiced in our survey, that we remain managerless today.

We do not doubt everyone is working hard, but the Club requires both investment and experience if we have any chance of progressing both on and off the pitch.

At the Fans Forum on January 30th, you committed to better communication. Since then, there has been silence from the Club’s leadership, including the recent period when you were in Swindon for a week and conducted zero interviews and published zero articles through the Club’s official channels.

We, as a Trust led by our recent survey, are today declaring we have lost all confidence and trust in the leadership and ownership of our beloved Swindon Town Football Club. Further, we have no faith that a promised re-development of the County Ground is plausible under your ownership.

We call today for:
an immediate and significant investment in both money and experienced personnel into the Club;
a clear and credible funding plan for the ground re-development; and
a commitment to complete transparency and honesty in more frequent communication.
Alternatively, it is time for you to sell the Club and find a new owner who can provide these things as soon as is practically possible.

We are a proud Club which has cherished our football league status for well over 100 years and we implore you to make the changes now before we lose that status under your tenure.

The Board of TrustSTFC
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tans
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« Reply #1 on: Wednesday, May 15, 2024, 06:02:47 »

Good on the trust.

The part about the secret stadium masterplan is snide, very snide by the club.
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Batch
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« Reply #2 on: Wednesday, May 15, 2024, 06:05:30 »

I'd like to know what this "master plan" is about.

The trust haven't made this statement lightly. They know the affect it will have on their relationship with the club.

Worrying times indeed.
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Bob's Orange
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« Reply #3 on: Wednesday, May 15, 2024, 06:13:42 »

Wonder if the masterplan is to build a new ground at the Oasis.
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ThreeDrawsMentality

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« Reply #4 on: Wednesday, May 15, 2024, 06:18:03 »

We have also multiple recent confirmations from both Price of Football and Morshead that there are multiple interested parties. Seems like it will be a very important and consuming time coming up.
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TheDukeOfBanbury

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« Reply #5 on: Wednesday, May 15, 2024, 06:21:53 »

Day One - What an excellent statement.

First action don’t renew season tickets.
Let’s now await the Clem bullshit response.
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Nomoreheroes
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« Reply #6 on: Wednesday, May 15, 2024, 06:22:44 »

Day One - What an excellent statement.

First action don’t renew season tickets.
Let’s now await the Clem bullshit response.
Im not entirely sure there will be one.
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Nemo
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« Reply #7 on: Wednesday, May 15, 2024, 06:25:20 »

Pigeons, meet cat.

A definite change of mindset.
« Last Edit: Wednesday, May 15, 2024, 06:27:44 by Nemo » Logged
TheDukeOfBanbury

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« Reply #8 on: Wednesday, May 15, 2024, 06:26:20 »

Im not entirely sure there will be one.

Maybe but that surely will get those that are on the fence off of it.
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mexico red

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« Reply #9 on: Wednesday, May 15, 2024, 06:31:31 »

That's more like it
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DiV
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« Reply #10 on: Wednesday, May 15, 2024, 06:35:26 »

Fair.

A lot were critical of the new Trust board before they’d even got their feet under the table.
I thought it obvious from their first communication that they were loading the gun first and / or giving Clem/the club enough rope to hang themselves.

I just also a hope a credible genuinely interested party has approached the Trust…

…although the cynic in me thinks we’re going to get to (if not already here) the point where we’ll take anyone other than Clem & well all rejoice when the club is sold - only to find ourselves in the exact same position 2-3 years later.

Having people interested in buying the club is one thing. Having someone interested who can afford to & wants to invest in the club and move it forward is another thing entirely…
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Mooneyraker

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« Reply #11 on: Wednesday, May 15, 2024, 06:35:38 »

Strap in folks...

I would have a loved a mea culpa from the 'new' Trust at some point, recognising the very significant role that the 'old' Trust played in all this, but you can't have everything.
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The Grim Reaper

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« Reply #12 on: Wednesday, May 15, 2024, 06:37:07 »

The Trust have finally grown a pair.
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JoeMezz

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« Reply #13 on: Wednesday, May 15, 2024, 06:38:27 »

Fantastic. Couldn’t have said it better myself
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Pericardinho

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« Reply #14 on: Wednesday, May 15, 2024, 06:39:11 »

Finally. This is what we've all been waiting for.

It's about a year too late. But at least it's happened.
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