Supporters Trust

Now call me an old cynic, but it read like they want to impress on the reader that they are striving to be part of the solution without actually getting their hands dirty and actually talking money.

Now if they have indeed been in discussions with a couple of the previously interested parties about putting two or three of them together in a joint bid then that is commendable and wish them well. 
One has to assume that as they have a known relationship with dear old Laurence that he is involved which puts them back on shaky ground.

Of course it could all be look at me I am Billy big balls, and just a reminder that they are their for our benefit.

SAVE OUR CLUB - LAUNCH OF FIGHTING FUND

Update on Appeal

Further to our announcement yesterday in which we appealed for supporters to register interest in a share issue in the Bolton Wanderers Supporters Community Interest Company (BWSCIC), we are massively encouraged by the passion and enthusiasm being shown for such an initiative, with many registering interest and support.

As Wednesday’s hearing comes ever closer, we are now in the process of launching a Fighting Fund crowd-funding page which we are looking to have online in the next 24 hours. The purpose of this Fighting Fund will be to raise emergency and immediate funding to cover the associated costs that will arise in the Supporters’ Trust dealing with an administration of the club.

This fund will cover legal costs, contribute to any shortfalls in funding an administration and to cover costs that will undoubtedly be incurred in making representation to the EFL in the event that they look to impose any unfair penalties as a result of recent events. This will be vitally important in looking to next season and the start of the BWFC rebuilding exercise.

For the avoidance of doubt, any contributions made towards the Fighting Fund will be completely independent of the BWSCIC planned share issue which we are developing at this very moment. Further details of this share issue will be announced over the next few days, but contributions to the Fighting Fund will not include any shareholding in the club. Use of the Fighting Fund will be carried out at the absolute discretion of the BWFCST board.

We will be looking to update on a daily basis as the future of OUR club unfolds. Please help wherever you are able and let’s work together in ensuring BWFC are in a better position to face League 1 this coming August with a new owner and a realistic and affordable business plan.

boltonbonce wrote:Use of the Fighting Fund will be carried out at the absolute discretion of the BWFCST board.

That fills me with the utmost confidence!

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Oh Christ that is embarrassing.

Ee by gum. This has KA, Brasso practice writ all over it. Two separate Share issues and crowd funding to be spent at behest of BWFCST? Christ! They'll be wanting a penny for the guy next.

Bollotom2014 wrote:Ee by gum. This has KA, Brasso practice writ all over it. Two separate Share issues and crowd funding to be spent at behest of BWFCST? Christ! They'll be wanting a penny for the guy next.

We're having a car boot sale.

What the fuck is 25k gonna do. Seriously. It's embarrassing. Just liquidate already.

BoltonTillIDie wrote:

BWST wrote:Use of the Fighting Fund will be carried out at the absolute discretion of the BWFCST board.

Which roughly translates as their back pockets!

I’m sure someone was trying to post a picture then?

Fighting fund.... Hahahaha.

I honestly still don't understand what this is all about?

I've broken what they've said into the three elements they say the money is for - I think that's what they are saying anyway?

boltonbonce wrote:The purpose of this Fighting Fund will be to raise emergency and immediate funding to cover the associated costs that will arise in the Supporters’ Trust dealing with an administration of the club.

This fund will cover legal costs,

contribute to any shortfalls in funding an administration

and to cover costs that will undoubtedly be incurred in making representation to the EFL in the event that they look to impose any unfair penalties as a result of recent events

The first bit legal cost's - ok a bit nebulous but let's accept that for now.

The second bit is funding shortfalls in Admin - are they saying they've somehow acquired the club in the Administration process??  If so where's the money to be able to do this has come from as even the chair of the ST himself Terrance Rigby said at the ST forum a week or so ago that the cost of Admin was £750,000 - the £25k they are crowd funding wouldn't fund Admin for even a day!

The third thing is for fighting the probable points penalty the club will get (which implies they would now own the club - why fight point deductions on something they don't own?) - but again where have they got the money to even run the club in Admin let alone bring the club out of Admin which will take millions?


It's not making any sense to me and even if everything was ok £25k what they are crowdfunding for (plus the £60k or so that the ST as left in its bank account) isn't going to last two seconds if they really are after taking over the club under Administration

All I can think is that someone else is backing them but they haven't got much money themselves if they need the ST to scrape up £25k to put into the pot?

Anyway when are all those high net worth individuals and companies they claim they know going to buy the club for them - or was that just another lie?

Bolton Wanderers Supporters Trust launch 'Fighting Fund'

WANDERERS fans have been asked to contribute to the Supporters’ Trust’s ‘Fighting Fund’ to help cover costs during a potential administration.

Reaction to the trust’s announcement that a share issue could soon be launched to help save the club has been positive – with more than 200 people getting in touch to register their support.

Regulations of the EFL ensure that if an administrator is appointed at Bolton, they must talk with the trust board immediately.

That guarantee has enabled the trust to bring together various parties with a view to securing the club if admin is triggered. Identities of the individuals or business involved are, as yet, unknown – but the fighting fund has now been launched as a ‘piggy bank’ to help fund costs for legal advice or, potentially, barristers.

More than £5,000 has already been donated to the fund. 

The trust has also vowed to fight any potential points penalties which are imposed by the EFL for the failure to fulfil a home game against Brentford, which will be decided by an independent panel in the coming weeks. 

The money raised will NOT be used to bid for the club in administration. 

The mainstay of any potential offer to an administrator would come via high net worth backers and/or via the CIC share issue.

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A good few £100 donations but Jen has donated £200.

I hope she’s not going to regret that in the near future.

A lot of negativity on here about this fighting fund which i'm quite surprised at. I've not been the ST's biggest fan but they are at least trying to do something constructive as administration looks nailed on now.
They know they can't afford to take over the club but if they can help bring together interested parties and help the club out than where's the harm?

Norpig wrote:A lot of negativity on here about this fighting fund which i'm quite surprised at. I've not been the ST's biggest fan but they are at least trying to do something constructive as administration looks nailed on now.
They know they can't afford to take over the club but if they can help bring together interested parties and help the club out than where's the harm?

Think Dad's Army.

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I bags the role of Private Godfrey. Sluffy can be Warden Hodges.

Over 6K raised so far and going up quickly.

Norpig wrote:They know they can't afford to take over the club but if they can help bring together interested parties and help the club out than where's the harm?

Why can’t the official supporters trust do this? 

Why do we need another supporters group?