SFU MEMBERS RATIFY AGREEMENT
1 September 2009
SFU met with its members on Tuesday night at its AGM to finalise an agreement brokered with the Football Club.
The members ratified the agreement.
The Trust will now be purchasing a further 5.5% stake in Mansfield Town with an investment of £55,000, to add to the 3.3% stake they already own.
As part of the deal, SFU will have a Non Executive Supporter Director on the board, who will be Colin Dobell.
Will Lord is the new Chairman of Stags Fans United, taking over from Chris Vasper, who remains on the board. Chris is thanked for his tireless efforts in helping to reach the agreement with the football club.
What happens to the Trust now? The football club has offered SFU the opportunity to purchase a further 1200 Community Shares in the club. An important part of the agreement is that the Trust have agreed a fixed price of £10 per share for 18 months to purchase these remaining Community Shares. This leaves the trust with the task of raising £12,000 in 18 months to invest in the club. This will be achieved through fundraising activities such as a sportsmans' dinner and also through seeking to gain new members of the trust.
It is possible to join SFU for a minimum donation of £100 and SFU have now made it possible to do in monthly instalments.
To join SFU, please use the membership form here.
If you wish to pay in monthly instalments, please also use the form here.
Visit the SFU website http://www.stagsfansunitedsociety.co.uk.
Colin Dobell spoke to BBC Radio Nottingham Breakfast show presenter David Jackson on Thursday morning (3 Sep). Listen here.
New Director At Mansfield Town
Mansfield 103.2, 2 Sept 2009
Mansfield Town are to receive £55,000 from the Stags Fan United, following the ratification by their members at a meeting on Tuesday night (Sept 1st), of a deal agreed with the Football Club recently.
As part of the deal the fans organisation will have a Director on the board who will be Colin Dobell.
Will Lord, new Chairman of Stags Fans United, told Mansfield 103.2 it will be a highly influential role. Lord also told Mansfield 103.2 they have the option to increase their stake in the club from 8.8% to nearly 10% over the next few months.
Dobell is first Stags supporter-director as deal is agreed
CHAD.co.uk, 02 September 2009, By John Lomas
Listen to CHAD exclusive interview with SFU's Will Lord here
STAGS Fans United agreed to increase the trust's shareholding at Field Mill at its AGM last night in a historic deal which will see Colin Dobell installed as the first supporter-director.
In an important agreement brokered with Mansfield Town Football Club, the trust, formally known as TEAM Mansfield, will buy a further 5.5 per cent stake at Mansfield Town with an investment of £55,000, to add to the 3.3 per cent stake they already own.
In return the Trust were invited to have a non-executive supporter-director join the board at the club and Dobell, one of the three joint chairmen of TEAM Mansfield, was put forward as the first candidate.
Will Lord, who succeeded Chris Vasper as SFU chairman at the meeting in the Kevin Bird Suite at Field Mill, said: "It is not just a reward for Colin's hard work with TEAM Mansfield.
"It is also down his experience of working with very big businesses in the City, something that the owners can see adding value to the club."
All three Stags joint owners were at the meeting and confirmed a further 1,200 shares at £10 each would be available for the SFU to purchase over the next 18 months to up their stake in the Stags.
The initial £55,000 investment has been raised by supporters' donations, through fund raising events and a £15,000 donation from the Stags Supporters'Association.
Now more fundraising will take place, including another Sportsmen's Dinner, to raise the extra cash needed for the extra shares on offer.
The historic agreement was discussed over a lengthy period of time and is the latest step in the much improved relations between club and supporter.
In our exclusive audio interview with Will Lord, the new chairman outlines the deal, pays tribute to the new club owners and also to retiring SFU chairman Chris Vasper.
Stags chairman Andy Perry will make a statement on the deal tomorrow.
In the photo below, SSA Chairman Dean Foulkes, SSA President Paul Taylor, SFU Non Executive Supporter Director Colin Dobell, and SFU Chairman Will Lord, as SSA inject £15,000 into SFU:
SSA hands over £15,000 to Stags
CHAD.co.uk, 4 Sep 2009
SSA chairman Dean Foulkes and SSA president Paul Taylor present a cheque for £15,000 to SFU non executive supporter director at MTFC Colin Dobell and SFU chairman Will Lord
THE Stags Supporters Association (SSA) has invested £15,000 into Mansfield Town FC as part of the recent Stags Fans United (SFU) backing of the club.
The £15,000 makes up a large slice of the £55,000 invested by the SFU for further shares in MTFC and takes the investment into MTFC from the SSA membership to £25,000 for this season alone.
The SSA has already pledged a minimum of £10,000 to the club this season, investing in team bonding events made up of a go karting day and a two-day pre-season trip to Cumbria at the request of David Holdsworth.
A spokesman said: "The SSA has also recently invested in a new marquee for the club and is constantly working with the club on mutually agreeable packages of sponsorships and donations."
The photograph shows SSA chairman Dean Foulkes and SSA president Paul Taylor presenting a cheque for £15,000 to SFU non executive supporter director at MTFC Colin Dobell and SFU chairman Will Lord.
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