Monday, 7 April 2008

In Trusts we trust

Exeter City Supporters' Trust has increased its funding of the club by 8% to £65,000 for the 2008-09 season. The trust, which became the majority shareholder of the club in 2003, is also anticipating putting in £75,600 in 2009-10 and £78,000 in 2010-11. It means the trust will have paid over £850,000 to City since it formed. "If the Trust had not provided significant financial support in recent years, Exeter City might not exist today," said treasurer Nigel Banks. On top of the cash contribution the trust is also looking to repay £20,000 to fans who lent it money when it bought its majority shareholding in 2003. [Courtesy of BBC]

Ah, how we'd like to do something on that scale at Dumbarton, where the Sonstrust was first off the mark in Scotland but is still tiny by comparison even with a non-league English team. Very well formed, though, and ambitious for the future. It will be interesting to see how DFC's future ownership structure, still in negotiation, works out.

No comments: