In view of the statement posted on the Club web site at about 15:00 on 18th June and following a scheduled Board meeting held on Wednesday evening the 19th June, we felt it was necessary to clarify a few things as follows:-
* FaST was NOT consulted about an apparent invitation for fans to join the current management in a bid to purchase the club.
* The statement has NOT been endorsed by FaST.
* As previously stated, the Board met with Spencer Day and Steve Duly, at their request, on Saturday 15th June. A proposal was put to us similar to the statement, and we were invited to endorse the plan. No timescale was agreed or deadline set. No money was requested, simply our support. After further discussion, the Board decided that in view of continuing negotiations between the Administrator and potential buyers, FaST would at this time, maintain it’s independence on behalf of members and not be seen to favour any one bid over another.
* This decision was conveyed to Steve Duly at approx. 13:00 on Tuesday 18th June and was accepted at face value.
* FaST would not presume to tell any fan, member or not, what they should or shouldn’t do. However, we would advise that nobody should part with any money to any party, without being satisfied that said party was able to deliver their proposed plan.
* Our position has not altered throughout the lengthy process started when Farnborough Football & Social Club Ltd went into Administration. We have liaised with the Administrators and their legal team, Club management and Rushmoor Boro’ Council. We have taken advice from respected sources such as Supporters Direct and spoken with any other party, e.g. Sir Gerald Howarth M.P. whom we felt may have something to contribute.
* We have indicated our willingness as a Trust to work with any new owner/s who may emerge.
* Our aim has always been to represent Members and indeed all fans, in an effort to achieve the best possible outcome for the Club and one which will secure the future and move us forward without relying on the wealth of any one individual.
* We understand concerns in view of previous roller coaster rides which have ended in tears and helped to amass debts which have brought us to the current situation.
* We understand there are now just two bidders in meaningful negotiations. One has lodged a sum of money to indicate their intent and have proven the existence of funds to purchase the Club and move it forward. The other, we feel, has yet to come up with a credible business plan and may simply offer a short term solution with no guarantees or the future.
* We intend to keep working with all parties mentioned above in the hope of achieving the right outcome for the Club, it’s Fans and indeed it’s Creditors. We must also accept that time is not on our side as the Administrator, being an officer of the Court, cannot allow the Club to continue in Administration indefinitely, but we remain hopeful that a solution can still be found which will mean a satisfactory outcome for all concerned.