AFC Telford being urged to fast track ownership changes
Members of Telford United Supporters' Trust are being urged to fast-track moves to change the ownership model of the club.
The Bucks' financial problems – they need to raise £25,000 by the end of October and the same next month – has led to calls for an investor to be allowed to take control of the supporter-owned club.
The trust wants to call a special general meeting and is asking members to waive the 14-day notice rule that is legally required.
More than two-thirds need to agree and, if approved, it is hoped the meeting can take place at the Learning Centre next Monday. The ballot is open until 3pm tomorrow.
In an email to members, the trust writes: "As we said last week, the need for this meeting is urgent. This has left the remaining members of the trust board with the difficulty of needing to make a quick decision, but one that needs to be made in line with the constitution.
"We first need permission of members to waive rule 35 of the constitution i.e. the requirement for 14 clear days' notice to hold such a meeting. The trust board are recommending members vote to waive rule 35. The proposal at the SGM will be to transfer the shares the Trust hold in the football club to the football club. The football club board will then offer a share issue of 5,000 £100 shares.
"Your trust board strongly recommend that you vote in favour of the sale of these shares to the football club to secure the future of the football club."
