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Toffeeweb - Columns - TrustEverton.com Update 2
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TrustEverton.com Update 2

By Tony I'Anson & Mike Owen :  15/02/2011 :  Comments (80) :
The proposal to set up an Evertonians' supporters trust has moved forward.

First, thanks to everyone who has posted on the website forums in response to the previous update. All your comments have been read and considered. Further thanks to those who offered their services. Again, all noted; we are compiling a database of skills and intend to be in individual contact with each of you. Obviously, this may take some time.

Next, we are trying to set up the trust in such a manner that allows maximum possible input from people living long distances from Goodison Park. We expect a large proportion of members to be living in various parts of Britain and overseas. Tony I'Anson, for example, is one of many Merseysiders whose home is now more than 200 miles away ? in Scotland.

Accordingly, we hope to make full use of modern technology so that Evertonians from around the world can participate in Trust Everton as much as possible. With further developments in technology, this should become easier in the future.

Since the last update, we have had two meetings with officers of Supporters Direct (the body that assists and monitors supporter?s trusts). One was in London, the other in Liverpool.

We have covered a wide range of issues. There are the "nuts and bolts" issues of how an Everton supporters trust would operate best, given that it will have members around the world.

Then there are the issues particular to our club. Obviously, we read with interest the latest set of accounts, noting the debts we have and the interest we pay each year to commercial companies for loans etc.

People ask: What is the point of Trust Everton? What are you hoping to achieve?

Basically, the answer is: To help secure the future of the club.

To this end, we want to put forward the proposal that Trust Everton ? through money raised ? should own and secure assets for the benefit of Everton Football Club (we are NOT talking about fees or wages for players).

In simple terms, the club currently has approx. £45m of debt to 3rd party commercial financial companies and pays significant interest. To protect the club, the Trust would simply like to see the debt loaned by the trust and these assets secured by the trust.

Investors in the trust would receive a dividend each year and know their investment was safe and the club would pay a reduced rate of interest ? a ?win-win? for both sides.

We shall be contacting the club chief executive to see if he is open to this idea and if the club would prefer to take a loan from the fans rather than the bank You can rest assured that such a task would be carried out for the trust by people with the necessary skills and experience. We shall keep you informed.

Trust Everton is a work in progress. We ask Evertonians for support and patience.

Reader Comments (80)

Note: the following content is not moderated or vetted by the site owners at the time of submission. Comments are the responsibility of the poster. Disclaimer



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