Norwich City Supporters Trust are ready to increase their shareholding in the club as they battle for a place on the club's board of directors.The Trust is hoping to buy £5,100 worth of ordinary shares, as long as the club's AGM passes the resolution to create £1m of new ordinary shares tonight.
Norwich City Supporters Trust are ready to increase their shareholding in the club as they battle for a place on the club's board of directors.
The Trust is hoping to buy £5,100 worth of ordinary shares, as long as the club's AGM passes the resolution to create £1m of new ordinary shares tonight. It would take the Trust's investment on behalf of its 550-plus members to £20,100 since its launch in 2002.
Trust press officer, Mike Reynolds said: "The Trust welcomes the decision to make more ordinary shares available and the Trust will continue to raise money for the club in return for an increasing stake holding.
"Our aim remains for there to be a democratically elected fan sitting on the NCFC Board.
"It is apparent that a large number of fans no longer share the 'togetherness' factor with the present board. Whilst it is recognised that the present board are genuine supporters of the club and have been democratically elected at an AGM, the actions in the boardroom leave many true fans detached and bewildered.
"Many clubs up and down the country now have ordinary fans on their board democratically elected from their Supporters Trust. The board could help rebuild the bridge between boardroom and ordinary fans by offering a seat on the board to a democratically elected ordinary fan."
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