Here is the OASF update.
To me, they mutually complement each each other and a pinzer movement is what is needed with a neutral Contingency Fund in place no mattter who owns us.
OASF board meeting highlights.
Tracy Wright9 July 2021Leave a comment
As you can imagine, we had lots to discuss at last nights board meeting. This weeks Club matters agenda item took up an un-precedent amount of time. So here is a quick summary and in no particular order of relevance.
Asset of Community value. Step 1 in our strategy – Renewal target date 07.03.22 & on target. Draft was submitted to OMBC on 02.06.21 for feedback and followed up on 28.06.21. Second email included Councillor Abdul Jabbar. If no negative feedback received back, then we will formally submit by 02.08.21. Little Wembley is included in our renewal submission.
Volunteers. Step 3 in our strategy. Amongst recent volunteers, we have 2 HR/recruitment experienced people called Darren and Jason. They have now linked up and have some ideas on organising the remaining volunteers. Email from the new HR guru’s to be issued soon. Thanks Darren and Jason.
Website – Step 11 in our strategy to be able to take pledges/donations direct. On target for end of August launch. Overview next week of progress from web design team. Launch date will be confirmed once FCA have approved new site is legal & compliant to take money donations (pledges).
1895 Trustees/Guardians of the contingency fund. Feedback now in from FSA. Ideally, we would like 5/6 people a former player(s), legal person with trustee knowledge, 2 OASF directors, 1 PTB person if they wish to be included. 3 signatories on the bank account. 2 minimum to make withdrawals. TBA on more details
Club rep. Monthly key marker questions checker – NEW. Snapshot of Rep’s monthly review of the “health” of our Club. Red, Amber, green traffic light system against each question. To be published on website in the next few days. Club Rep updates will continue.
Fan Led Review radio interview – TBA on date. We have been approached with other panelist to give an overview of our involvement with the Government Fan Led review.
AGM – update. EMG to meet next week. Closing date for candidate nomination forms is 15.07.21. Possible hustings W/C 19.07.21. Correction on members valid to vote. True number is 460 and Not 461. We had a duplication that was not picked up. EMG will be advised of the correction.
Yesterday, we said thank you to Paul Murray and Dr Robert Beardsell for their dedicated and loyal service to our Club. We then discussed two areas of concern that needed more of our agenda time.
Embargo – RED Status.
We note that the Club never revealed the extent of the EFL loan. Transparency and honesty are two of the fan expectations. We are disappointed the Club has not made clear the conditions on similar lines as Scunthorpe United has. https://www.scunthorpe-united.co.uk/news/2021/july/club-statement/
Nor the possible impact on the calibre of new, quality players Keith Curle can source.
We have concerns with regards to the owners 3-5 year plan and what now appears to be a shrinking budget. Is this budget sustainable and could it support a push to the top of the table? or will it be enough to keep us in league two? We have more questions than answers.
Now more than ever, we need to know what the owners revised plans are for success, post Covid and we need a substantive response.
Club Accounts for 2019/20 year – Step 15 in the strategy. Financials ensure full review of Club accounts and sound financial management. – RED Status.
Philippa gave a summary. We discussed that the Club have failed again, to comply with the legal requirements we have as shareholders and renege on assurances and promises made 12 months earlier. A formal letter of complaint will be submitted to the Club. This will be an open letter. Philippa has kindly offered to do this as one of her last tasks as and OASF director. Thank you Philippa
Proposal to sever ties with the Club – Amber status.
As the hits seem to keep on coming, we discussed whether this is still worth time and resources to try and hold the Club to account for such little reward. We seem to be more reactive to Club news with fans demanding immediate answers to justifiable questions.
Based on our recent experiences, a proposal was made whether our time would be better spent on non-club stuff. This was a very difficult vote that was undertaken. The decision was made that we must gather as much up to date intelligence on the financial health and running of the Club. These are what the FSA key marker questions are and as mentioned above. That if we cut the cord, we are doing this at critical time when intelligence is key. However, it was diarised that this should be reviewed by the new board after the AGM