There is also another interesting piece (GHod knows why Raziel picked up on things other than these as the key parts?)….
Equity
We are proposing an equity access scheme to generate funds and to give fans a greater financial stake in the Club. The formal constitution of the Club’s new governance structure would include a specific commitment to establish such a scheme, and to enshrine the right to share ownership for all supporters. We recognise you expressed doubts about such a scheme when we first discussed it, so one of the first tasks of the new structure could be to examine the viability of such a scheme.
Finally, as a gesture of good faith, we are asking the owners of THFC to make an explicit commitment to cover any costs arising from the creation of and withdrawal from the European Super League from their own funds, and to show clearly that Tottenham Hotspur Limited or any of its subsidiary companies have not been subject to any cost as a result of the creation of and withdrawal from the ESL
The first point here would be difficult to arrange (valuation, etc) and would take some goodwill from the owners as it would dilute their holding but would inject much needed liquidity into the club when it seems the owners cannot/will not do so themselves. One of the consequential good things about this is that it would quickly establish what our owners value the club at.
The second point is one that I made on the THST survey. I think it is important that we see evidence of this.
Because it's at the bottom of the proposal (literally the last item), when you write proposals, you put your priority items at the top not the bottom
- For what's it's worth, and I've said it multiple times, I'd welcome fans "earning that seat" by equity investment (with the caveat it goes strait to squad investment), and AGAIN they diluted the point by referencing the ESL fines (nothing to do with equity) that the club has already stated the owners will pay (so why fudging bring it up here other than posturing, which seems to be their thing)
Let me walk you through the main problems with that letter
- Still no clarity on if the Trust is trying to actually help the club or is simply managing fan grievances
- Absolutely nothing that says the Trust is interested in the success of the club
- Nothing on the qualification expectation of the representation, sure a lot of people on this thread said "hey, I know someone who would be qualified", really? you have any idea how many people get referred to me for jobs that aren't qualified to tie their fudging shoes by people who should know better? and this person will do this for free as well? or do we not know?
Actual points they brought up
#1 - Name of the Club? = really, someone thinks we will change the name of the club? this smacks of the fear mongering of pub fans
#2 - Location of Club stadium? = fudging help me, we just spent a fudging billion pounds, is moving an option? again this is absolute idiot pub talk "ESL & no relegation = we are now an American franchise that will move from city to city" more fear mongering flimflam
#3 - club colours and crest? = ok, but we have spent a significant amount of money trademarking our brick, is this again a current burning issue?
First three points are fudging non issues under ENIC/Levy, interesting that might change (1 & 3) if we did what fans want which is sell (e.g. far east investors and red)
#4 - Competitions the club plays in = ESL reference, again I'm not sure how any vaguely qualified representative on a board looking at the financial implications of in/out would have made any different decision
#5 - Location of home games? = wtf? is this some reference to point #2 again?
#6 - Sale of physical assets = ok, fair, protecting from club stripping
#7 - Changes of articles of association? = ?
#8 - Dividend policy = lump with points above, seemed to be aimed at owners taking money out of club, something ENIC has NOT done in 20 years
#9 - Strategic plan? = this is a dump all, hey if we forgot something, we could claim it was under strategy
So if I review that
1,2,3,5,6,7,8 -> all non issues now and historically with ENIC (we could talk about the stadium decision initially but that is gone/done)
Next part of the document is a power grab
Final part is equity statement diluted by the mandatory bitch on ESL to issue already addressed.
If you believe this was truly written by highly qualified people with best interests of club & fans (both, not just addressing fan entitlement), please help me understand what I missed. Because this could have been written in a pub post match by idiots parroting every narrative against the club.