BWFCST's Response To BWFC Owners Regarding Academy Funding

luckyPeterpiper wrote:Got to be honest, having paid my tenner already I'm crossing my fingers that the steering group don't win the elections. If they do then I won't be renewing my fee next year.

Norpig wrote:

luckyPeterpiper wrote:Got to be honest, having paid my tenner already I'm crossing my fingers that the steering group don't win the elections. If they do then I won't be renewing my fee next year.

 i'm beginning to feel the same way Pete

boltonbonce wrote:

[You must be registered and logged in to see this image.]

[size=16][size=16][size=26]BWFCST's Response To BWFC Owners Regarding Academy Funding Meetings Held As a result of the recent [You must be registered and logged in to see this link.] and the great amount of support from the BWFCST members to look at levels of funding for the BWFC Academy, we have been in contact and held separate meetings with both Dean Holdsworth and Ken Anderson. In the meeting with Ken Anderson on 02 June 2016, we were asked to report on the Trust’s ability and appetite for immediate investment in the Academy, principally to assist the Club in retaining Category 2 status. Proposed Feasibility Due to the short timescales involved, this is not possible, but what we have asked the owners to consider is to allow us to initiate a feasibility study looking at the longer term purpose, structure and funding of the Academy. As part of this exercise, we will require to have sight of a funded business plan from the Club. This will be required as it will be necessary to carry out a due diligence and reporting exercise prior to looking at raising any associated investment. In line with Ken Anderson’s request for an urgent reply to their funding enquiry, we have written to both owners and identified that the BWFCST cannot commit to immediate investment, but would wish to look at the initiation of a feasibility study looking at the longer term Academy situation. This study would also include an assessment of how the wider Bolton community could become involved in the structuring of the Academy, in line with the community ethos of the Supporters’ Trust. Further Information Our letter to the club was forwarded on 07 June 2016 and we are awaiting a response. When we are in receipt of a reply, we will make available to members our communication in full. [/size][/size][/size]

Where does it say they refuse to fund the Academy? Unless I'm reading this wrong, the ST are saying they would like to check the feasibility of funding the Academy which is absolutely the sensible thing to do. 

You might as well have made the headline "BWFC refuse to accept ST's money" if you're going to make stuff up.

karlypants wrote:Wanderers are giving serious consideration to downgrading their academy status to category three as part of their cost-cutting drive.

No firm decision has been reached and Wanderers are working with the Football League before filing the relevant paperwork at the end of July.

boltonbonce wrote:

[You must be registered and logged in to see this image.]

[size=16][size=16][size=16][size=16][size=26]BWFCST's Response To BWFC Owners Regarding Academy Funding Meetings Held As a result of the recent [You must be registered and logged in to see this link.] and the great amount of support from the BWFCST members to look at levels of funding for the BWFC Academy, we have been in contact and held separate meetings with both Dean Holdsworth and Ken Anderson. In the meeting with Ken Anderson on 02 June 2016, we were asked to report on the Trust’s ability and appetite for immediate investment in the Academy, principally to assist the Club in retaining Category 2 status. Proposed Feasibility Due to the short timescales involved, this is not possible, but what we have asked the owners to consider is to allow us to initiate a feasibility study looking at the longer term purpose, structure and funding of the Academy. As part of this exercise, we will require to have sight of a funded business plan from the Club. This will be required as it will be necessary to carry out a due diligence and reporting exercise prior to looking at raising any associated investment. In line with Ken Anderson’s request for an urgent reply to their funding enquiry, we have written to both owners and identified that the BWFCST cannot commit to immediate investment, but would wish to look at the initiation of a feasibility study looking at the longer term Academy situation. This study would also include an assessment of how the wider Bolton community could become involved in the structuring of the Academy, in line with the community ethos of the Supporters’ Trust. Further Information Our letter to the club was forwarded on 07 June 2016 and we are awaiting a response. When we are in receipt of a reply, we will make available to members our communication in full. [/size][/size][/size][/size][/size]

Norpig wrote:i may be imaging it, but i don't remember the original title saying they refuse to help the academy, has it been amended?

wanderlust wrote:Just read it again and it still says that it is not possible to provide immediate investment but they'd like to check feasibility - nothing about refusing to help.

Norpig wrote:i may be imaging it, but i don't remember the original title saying they refuse to help the academy, has it been amended?

whatsgoingon wrote:They seem to have a belief that the club should hand over all their confidential information to them, every statement says that they want detailed financial information from the club before they'll do anything.

Sluffy wrote:You read it again mate.

Anderson asked could the ST for IMMEADIATE investment - the academy deadline decision having to be made before the end of July.

The ST wrote back saying they COULD NOT COMMIT TO IMMEADIATE INVESTMENT.