Buy me a coffee

https://ko-fi.com/joeshooman

Friday 26 October 2018

AMWAT: Another GM

So there is gonna be an Annual General Meeting, and it looks like it's been called properly in plenty of time. Which is a start isn't it.

I expect all shareholders will get the agenda in due course. The interesting part will be when it's discussing the ratification of the loan-to-shares that the notional owners decided to give themselves about six months or so ago. Should that happen to be rubber-stamped then they will truly own the majority shareholding, legally, and - well - the implications of that are fairly obvious.

The interim/caretaker manager might well stay on I guess. He's pursuing his UEFA badges and might decide to do that with the first team rather than the U19s. He does talk the talk, but the financial side entirely overshadows everything else.

Talking of the age groups, there are rumours that kids are being asked to pay for trials with the academy system. No idea if there's any truth in that, but what is undeniable is that on falling from grace and being ejected from the Welsh Prem the club lost funding assistance for the academy. So that cash - £19k was mentioned but I've no idea if that's true - that cash has been lost. What happens next is again unclear.

So the mire and the swampy tread continue to sink the club.

We might have been challenging for the Welsh Prem this season. It was all going in that direction. Maybe we'd have progressed in Europe. Maybe, maybe, maybe.

And now?



No comments:

Post a Comment