March 2023 Advisory Board Meeting minutes

Supporters Questions:

Thanks in advance for asking these questions; please do understand they are asked purely from a position of love for the club and its fans, and asked without prejudice.

1.  Do we and our subcontractors pay all staff (including kiosk, hospitality and security) the national living wage?

Pay more than national minimum wage to some and minimum wage to others, depends on roles and suppliers

This is correct from the information that I have been given by people who work or have worked at the club.

2.  Thank you for sharing the full accounts; The answer to this might be in there anyway so apologies for a lack of financial literacy. Can we clarify how much of the long term debt is in the form of directors' loans and at what interest rate?

C£4.4m is long term debt to Clem/Axis at 0% interest rate as per 2022 accounts

This also include the money paid in 2018 for the 15% shares (£1.15m) and the money to pay for the remaining 85% shares in the club (£235k)

3.  When are the one, three, five and ten year plans going to be delivered and why have the club reneged on the commitment to deliver them? They were promised more than 18 months ago.

Being worked on and will be more 1/3 year given difficulty of longer term plans

This was the first roadmap for the club that didn't materialise for until a few months after.

4.  Does Zav Austin qualify as a Relevant Person in the eyes of the EFL, and if so, what was the result of his going through the Owners' and Directors' Test?

Legal team reviewing position

This was 19 months after is was announced (August 2021) that Clem has put Zavier Austin into the role of Vice-Chairman, we know that could never happen officially as Zav is automatically disqualified from passing the EFL Owner's  and Director's Test

5.  Have we hired a perm Club Secretary yet?

 Have an interim in place and assessing position