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  • #22201
    Derek Duckworth
    Keymaster
    Public

    Sale of the Club
    Is the club for sale?

    DC: No current intention to sell, but open to right buyer with proof of funds and sustainable plans.

    Has the club been prepared for sale?

    DC: No preparations like valuations; if selling, it’s about finding the right custodian, not the price.

    Any recent buyer interest?

    DC: No formal offers. In the past (e.g., 2016), offers were rejected to pursue promotion.

    Would he sign an NDA if approached?

    DC: Yes, if the offer is serious with proof of funds.

    Future Plans and Club Direction
    Is there a strategy for sustainability (recruitment, sponsorship, facilities)?

    DC: Football clubs typically operate at a loss; costs rise faster than income. Academy investments are ongoing. Open to panel suggestions.

    Will young players be developed and sold to improve finances?

    DC: Yes, academy improvements are happening (new manager Jon Pepper, facilities upgrades).

    Will a strategic and financial plan be published?

    DC: Not committed to publishing, but open to ideas. Fans wanting influence should invest financially.

    Financial Concerns
    Recent wage delays: cause and future risks?

    DC: Cashflow issues due to delayed payments owed to him personally. Injects cash when needed. Situation now resolved.

    Was club money used for other businesses?

    DC: No, because SWFC operates at a loss, so there’s no money to take out.

    £2.5m stadium rent payment instead of staff wages?

    DC: No actual cash movement; rent offsets against loans.

    Can financial documents submitted to the EFL be shared?

    DC: Club is compliant, but these documents are confidential and won’t be published.

    Governance and Structure
    Why no formal board of directors?

    DC: Believes in current structure; has advisors and senior management with football/business experience. In Asia, it’s normal for the owner to act as CEO.

    Future governance reforms with the Independent Football Regulator?

    AW: Club will comply. Panel ideas already helped improve Fan Zone, third kit pre-orders, EBar trials, etc.

    Fan on the board?

    DC: Would require meeting same director standards as others.

    Other Key Issues Raised
    Danny Röhl’s future?

    DC: Under contract for two more years; cannot leave without permission.

    Safe standing at Hillsborough?

    AW: Ongoing discussions. May start small, expand over time.

    Academy upgrades?

    AW: New top-grade artificial pitch, four new dressing rooms, new reception and social areas.

    North Stand safety and roof renovations?

    DC: No current safety risk. Will act if issues arise, but no immediate need for closure.

    Season ticket refunds?

    AW: Non-refundable unless under special circumstances like illness.

    Communication and Trust
    Club disappointed panel issued a statement before meeting.

    DC: Wants better mutual trust moving forward.

    Panel disbanding?

    DC: No, still committed to working with the panel.

    Final Message:

    DC and AW thanked everyone and encouraged ongoing open dialogue, with next meeting scheduled for June.

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