Back in 2013 a group of supporters came together in response to an urgent need for a capital injection of funds into the Football Club. This was at a time when the Trust and Club were very short of money and needed to ensure the survival of the Club.
A special legal company – Chairboys Funders Limited – was set up and that company issued 5-year Loan Note Instruments to the individual Funders, who have received interest on their investment over this period that reflected the level of risk in the deal at that time
Whilst the overall financial position of the Trust and its two wholly owned subsidiaries – Wycombe Wanderers Football Club and Frank Adams Legacy Limited (which owns Adams Park) – has improved from where it was five years ago, we are still ‘not yet out of the woods’ though we can now see a path! Over the past three years, the Group’s finances have been managed to stability and we are working towards financial sustainability.
The initial scheme has reached its 5-year end date. Chairboys Funders Limited is therefore issuing further Loan Notes to continue this vital and successful scheme and these have already been fully subscribed by some of the original Funders, whilst others have understandably taken repayment.
The Trust Board would firstly like to place on record its appreciation to all the supporters who stepped up in 2013 as the original Chairboys Funders. It is also very grateful to those who have agreed to ‘continue with us on the journey ahead’ and support our exciting new future in League One.