Mariner's Trust

excellent news - on the back of this news perhaps produce another flyer and get distributing them at home and away games??

Quoted from gaz57

Do the present board members hand over 30K every year and if so is it loans?
The trust should be an equal member as the rest of the board.

this, what the current board contribute is very vague

The whole thing seems very strange to me. I joined the original Trust when it first started but they seemed to give up on the idea of representation on the board. The new Trust also seemed to give up on this idea, they have already gifted Mr. Fenty £200K of shares and I believe that the board control the voting rights on another £200K, this still leaves the Trust with £100K of shares from the original £500K that Mike Parker gave them. However it is now deemed that the Trust (which represents the supporters)can have the longed for representation but it needs to fork out £30,000 per annum to take a place on the board. I appreciate that Fenty makes a financial commitment but none of the others do and yet they have less of a shareholding. Secondly as the club still has no Chairman shouldn't the Trust be dealing with Mr. Fleming rather than Mr. Fenty? Supporters already pay an annual subscription in the form of tickets.

Still haven't joined the trust yet I was waiting to see what happens etc.


Can your join on the trusts website?

Quoted from BlackandWhiteBarmy

The whole thing seems very strange to me. I joined the original Trust when it first started but they seemed to give up on the idea of representation on the board. The new Trust also seemed to give up on this idea, they have already gifted Mr. Fenty £200K of shares and I believe that the board control the voting rights on another £200K, this still leaves the Trust with £100K of shares from the original £500K that Mike Parker gave them. However it is now deemed that the Trust (which represents the supporters)can have the longed for representation but it needs to fork out £30,000 per annum to take a place on the board. I appreciate that Fenty makes a financial commitment but none of the others do and yet they have less of a shareholding. Secondly as the club still has no Chairman shouldn't the Trust be dealing with Mr. Fleming rather than Mr. Fenty? Supporters already pay an annual subscription in the form of tickets.

You can't be serious? They've given away another £200,000 worth of voting rights? Is this right?

I will be up next saturday for the Woking game,

Can I join the Trust on the day ?

Just a thought, if the Trust have to hand over £30,000 per season,

Are all the other board members doing the same ?

Quoted from GodHelpUs

You can't be serious? They've given away another £200,000 worth of voting rights? Is this right?

No, that is totally incorrect

So do the other board members as Pete says have to cough up 30k every year? How much do they currently put into the club yearly?

Quoted from Mariners Trust

Once/if the trigger points are reached the agreement with JF and IF is for a full seat on the board of GTFC with the full powers, and responsibilities of all the other directors.

As stated this has to be ratified by the full board.

The Trust board think the triggers are very acheivable but in reality the membership numbers are down to the fans to show they actually want boardroom representation.

It is something that has never been a possibility in the history of GTFC and it is up to the fans to show they want it

Thanks for that. When are the full board to consider ratifying the decision?

Also another point which has popped up out of your response.......... and full responsibilities of all other directors....does that include a share of any club debts and if so would that fall onto trust members?

Lets say that a generous benefactor withdrew support from the club and requested his loans back.... liable for a share of that debt?

Could any shortfall in the £30k be made up in shares?