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News Update from Chairman Paul Corkrey

Membership Numbers

I’m happy to report that within the space of the last fortnight, the Trust has gained no less than 182 new members. The online membership facility has been proving a big success and we have also had plenty of new members signing up either by mail or in person at the Trust base within the new stadium.

I would therefore like to offer a very warm welcome to all of the new members who have signed up within the last couple of weeks. Your support is very much appreciated, as is the continuing support of the rest of our members.

Membership Secretary Dave Sugarman told me earlier today that we currently have 858 registered members, and he reckons there are around 20 more applications pending that have arrived during the last couple of days. They will be processed early next week. Dave said the last of the online membership packs were posted out this morning, and they included new members in Spain, Sweden, Australia and New Zealand. We know there are thousands of Bluebirds dotted all over the world, so hopefully plenty more exiles will be signing up through our online system in the near future.

I want to offer my sincere thanks to Dave and Tracey Marsh, who between them have managed to register the new members and get all of the membership packs out in such a short space of time. It’s been a terrific effort from both of them.

General Meeting

As you may have read in the South Wales press this week, Trust Secretary Geraint Jones has written to Cardiff City Football Club (Holdings) Ltd Secretary Alan Whiteley and requested that enough time be allocated for a discussion about the club’s financial situation during the forthcoming General Meeting at the new stadium. Geraint wrote:

“Thank you for your letter dated 5th February informing us of the decision of Cardiff City Football Club (Holdings) Limited to call a General Meeting of the company on 24th February. We welcome this decision, since as you are aware the Cardiff City Supporters’ Society Limited has been campaigning for the staging of such an event during the last few weeks.

“However, we note with concern that Cardiff City Football Club (Holdings) Limited has not called the meeting to clarify the company’s financial situation, but instead seems to have been forced into this position as a result of the decision to sell a valuable asset to an existing Director (Mr Steve Borley), this being the only item in the order of business for the meeting.

“The Cardiff City Supporters’ Society Limited hereby calls upon the Directors of Cardiff City Football Club (Holdings) Limited to ensure that sufficient time is made available during the General Meeting for a full and open explanation of the Directors’ plans to ensure the financial future of the club in the short, medium and long-term. This would help to placate the concerns that have recently been expressed by shareholders and supporters alike.

“If this time is not available, then I would advise that the Cardiff City Supporters’ Society Limited will continue to campaign to achieve support from 5% of the shareholders in order to call an additional General Meeting to discuss the above. We feel that the best course of action for the company’s Directors would be to allow sufficient time at the meeting on 24th February to discuss the club’s financial position, rather than having to spend more time and money on organising a second meeting, when all attention should be focussed on the team achieving promotion.”

As and when we get a response from the club to Geraint’s letter, we will let you know.

Letters to Shareholders

As I mentioned in my last news bulletin, Dave Sugarman and Tracey Marsh recently sent out letters to the club’s top 100 shareholders in a bid to gain support for the Trust’s campaign to force a General Meeting. I’m very pleased to report that 25 shareholders replied positively and offered their support, and that was despite the club announcing a General Meeting in the meantime. It is clear that a good percentage of shareholders want some answers about the club’s financial position, so hopefully they will get them at the forthcoming meeting. If they don’t, then the Trust’s board will review the position and carry on with the campaign for another General Meeting if our members feel one is necessary.

Trust Board Meeting, 17/02/10

The Trust’s board is holding a meeting at the Duke of Clarence in Canton, Cardiff, on Wednesday 17 February (7:30pm start) to discuss our plans for the club’s General Meeting a week later. The meeting at the Duke is open to any Trust member or club shareholder who wishes to attend, but as it will be staged in the pub’s lounge area, numbers are limited to 50.

If you would like to join us next Wednesday evening, please confirm as much by dropping me a line at members@ccfctrust.org

Many thanks for your support.

Paul Corkrey
Chairman

TRUST CALLS FOR DEBATE ON FINANCES AT CLUB GENERAL MEETING

In a letter to Club Secretary and Board member Alan Whiteley, Trust Secretary Geraint Jones said that the Trust welcomed the decision to call the meeting.

But Geraint Jones added: “We note with concern that Cardiff City Football Club (Holdings) Limited has not called the meeting to clarify the company’s financial situation, but instead seems to have been forced into this position as a result of the decision to sell a valuable asset to an existing director (Mr Steve Borley), this being the only item in the order of business for the meeting.”

The Trust urged the club to ensure that sufficient time was made available during the general meeting for a full and open explanation of the directors’ plans to ensure the financial future of the club in the short, medium and long-term. “This would help to placate the concerns that have recently been expressed by shareholders and supporters alike,” added Geraint Jones.

He said that if time was not made available the Trust would continue to campaign to achieve support from five per cent of shareholders in order to call an additional General Meeting.

“We feel that the best course of action for the company’s directors would be to allow sufficient time at the meeting on 24th February to discuss the club’s financial position, rather than having to spend more time and money on organising a second meeting, when all attention should be focussed on the team achieving promotion.”

Around 25 per cent of the club’s 100 major shareholders have already backed the Trust’s call for an EGM.

The EGM has been organised to approve plans for Bluebirds’ director Steve Borley to take over responsibility for building the House of Sport.

News Update from Chairman Paul Corkrey

Chairman Paul Corkrey outlines the latest news from the Trust including an update from the quiz night, General Meeting news, an update on the Open meeting held this week and massive news regarding Trust membership numbers.

General Knowledge Quiz

The Trust’s general knowledge quiz, which took place at the Duke of Clarence public house in Canton, Cardiff, on Friday 29th January, was a great success. Over a hundred people turned up on the night and a good time was had by all. The quiz, which was compiled by Vice-Chairman Tim Hartley and his wife Helen, raised a total of £332.00 for the Supporters’ Trust. Many thanks to all of the members who were involved in setting up this event, and extra special thanks to Duke of Clarence landlord Eric Harmer, who once again allowed the Trust to use his facilities free of charge.

General Meeting of Shareholders

On Sunday 31st January, Trust board members Dave Sugarman and Tracey Marsh spent around eight hours drawing up and sending out letters to all of the club’s top one hundred shareholders in support of the Trust’s bid to call a General Meeting of Cardiff City Football Club (Holdings) Limited. Grateful thanks to Dave and Tracey for carrying out what was a laborious but essential piece of work. There have been reports in the South Wales press this week suggesting the football club’s board is set to call a General Meeting in relation to the proposed land sale that has been agreed with the council. If those reports are true, then it is brilliant news for the Trust. We will update you of any further developments in due course.

Open Meeting

As you are probably aware, the Trust held an Open Meeting at the Duke of Clarence last Monday evening. Around a hundred fans attended the event and plenty signed up with the Trust on the night. Along with my fellow board members Keith Morgan and Dave Sugarman, I addressed the audience regarding the current situation at the club and the Trust’s bid to call for a General Meeting, and I then invited questions and opinions from the floor. The open forum lasted over an hour and a half, during which time some strong views were expressed and some excellent ideas were shared. In my opinion, this meeting proved to be a very constructive one and it certainly helped the Trust board to prepare for the General Meeting. It is our intention to call another meeting once the date for the General Meeting is known. You will be given details of where and when that meeting will be held soon.

Membership Numbers

I’m delighted to report that there has been a huge increase in the number of fans who have signed up with the Trust during recent weeks. At the time of writing, the number of registered members we have now stands at 731. Mr Phil Norman of Plymouth was registered as Trust member number 700 on Tuesday evening. I would like to offer Phil and all the fans who have signed up this year a very warm welcome to the Cardiff City Supporters’ Trust. Your support is very much appreciated, as, of course, is the support of all our other members.

The more members the Trust has, the more influence it could have with the club’s officials and the more work we will be able to do for the fans and the club itself. Therefore, if you have any friends or relatives who you think might be interested in signing up, then please encourage them to do so. The recent upsurge in membership numbers has been very encouraging and I’m sure if we all do our bit to bring in more members we can keep the numbers rising.

The only downside of the recent increase in numbers is that Membership Secretary Dave Sugarman is constantly moaning he has too much work to do. Still, anyone who has met Dave will be aware that if he wasn’t moaning about that he’d be moaning about something else, so no harm done. If you have any queries about your current membership or if you are one of the small number of members whose membership has recently lapsed and needs to be renewed, then please drop Dave a line at members@ccfctrust.org

Online Memberships

Probably the best piece of Trust news this week is that an online membership option is now available. New members are able to sign up through the Trust’s website using the well-known PayPal system. Trust member Mike Morris, who runs the superb cardiffcity-mad.co.uk website, has worked extremely hard to provide this service for us and I think he’s done a fantastic job. My grateful thanks go to Mike and also to the Trust’s Community Officer, Tracey Marsh, who has been liaising with Mike while the work has been ongoing.

Tracey tells me that over 120 new members have already signed up since the system went live on Tuesday evening, so the Trust’s overall membership number is now almost certainly over 850 all told. With Tracey’s help, Dave Sugarman will start processing these applications when he returns from Newcastle on Saturday and he reckons he’ll have most if not all of the new members registered by the end of next week.

If you have any Trust-related queries at all, please get in touch with us at:

members@ccfctrust.org

Many thanks for your continued support.

Paul Corkrey
Chairman

Open Supporters’ Trust Meeting

The Supporters Trust board will be hosting an Open Meeting at the Duke of Clarence public house in Canton, Cardiff, on Monday evening (01/02/10, start time: 7:30pm).

The main items on the agenda will, of course, be the current off-field situation at the football club and the Trust’s attempt to call a General Meeting of shareholders. During an open forum, members will be given an opportunity to express their opinions on the present state of affairs at Cardiff City and the Trust’s General Meeting campaign.

Non-members are also welcome to attend the meeting and forms will be available for those fans who wish to sign up with the Trust on the night.

Many thanks for your continued support. It is very much appreciated.

Dave Sugarman
Membership Secretary