Clarets Trust Members – Zoom Meeting

The Clarets Trust is proposing to hold a zoom meeting for all members on Sunday 17th October at 6.30pm

Notice and invitation to attend this meeting will be sent as soon as possible. Members must then indicate their wish to attend by emailing members@claretstrust.co.uk no later than 0900 Friday 15 October 2021 following which they will then be sent an invitation to join the meeting.

It should be noted if a lot of members choose to attend, admission to the meeting could take some time.

We apologise for the short notice but we have had little time to take advice from the Football Supporters Association and hold a Board meeting last night.

Members will know that the new owners of Burnley Football Club have invited minority shareholders in the Club to sell their shares. This is a choice for those shareholders and not compulsory. There is a closing date for acceptance of this offer of 24th October. The offer is £1699 per share payable half in cash and half in a credit at the Club shop. The Trust hold 176 shares.

The Trust Board has met and considered all possible options. It should be noted rule 7 of our governing document makes it impossible to share such funds amongst our members.

Rules also indicate that if we were to wind up the Trust again funds would not go to members but to some charity etc. associated with our aims and objectives.

After careful thought and consideration it was agreed by the Board that we should retain all our shares and should report accordingly to our members.

Retaining our shares would enable the Trust to work together with the club in a positive way for the future for the supporters, Club and Trust.

Peter Pike, Chair