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April 25, 2025 at 7:20 pm #22201
Derek DuckworthKeymasterPublicSale 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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