July 2022 Advisory Board Meeting minutes

STFC Trust Members Question: Great news on external debt being reduced, is there any “internal” debt to action?

RA: Internal debt references debentures from 2012, and CM is in discussions with relevant parties around those

STFC Trust Members Question: How much has Clem invested into STFC since taking full control of the club? And is this repayable via loans?

CM: £1.4m since I’ve taken over, and previously another £1.8m. Some of this is shares (c£1.1m) the balance are loans, and Ill probably need to invest more to deal with the debenture situation. All loans are interest free 

STFC Trust Members Question: Request for ZA to discuss Karachi project directly to fans: cost & funding, Club involvement, timelines, what does success look like?

RA: No cost to the club, other than sending Alex Pike (Academy Coach) for which we had to cover flight cost

CM: Zav is trying to drive interest in the club longer term, he is very passionate about the Club being successful and moving us forwards, it doesn’t cost us anything, I’m happy with it. Zav doesn’t get paid anything from the club, he covers his own costs of travel, hotels, and matchday tickets. (we know that he doesn't pay for Matchday tickets as a guest of the club)

STFC Trust Members Question: What is the status of ZA on the club’s board? Did ZA pass the EFL’s fit & proper persons test? 

CM: Zav is the club’s vice chair. EFL approval is ongoing. Please remember that ZA played a crucial role in saving the Club and was the first to identify the damage made by the previous owner and enabled the change of ownership to CM. 

EFL approval was never ongoing as Zav is disqualified under the EFL Owners & Directors Test. The only damage that was being done by Lee Power was selling the club to Able Company Boston without allowing pre-emption rights to Clem, Zav found out what was happening and went behind Power's back and told Clem that he had legal rights (pre-emption)

STFC Trust Members Question: What is Adam Hart’s role at the club?

CM: AH runs the S&C perspective. Adam’s team helped reduce costs of department, improve fitness, decrease injury time etc. 

Surely alarm bells should be ringing, the Sports Science Team of a professional football club is being run by a convicted drug dealer who was once on the UK's Most Wanted list.

STFC Trust Members Question: What are the overall strategy and aims for the 22/23 season? What does success on pitch look like?

CM: Always striving for promotion, and we are this season but will never guarantee that, as this is football. We strive to do better than the season before, and always building the longer term foundations.

Refund Thank You Plaque - Is it correct that there are fans named Taylor Curran, Lee Power and Winston Churchill who waived their Season Ticket refunds? How were the names collated?

This shows a lack of incompetence when collating the names for this.