I previously mentioned that the club has been away from its home since 2002. The club’s recent plan to the home move has been encountered with the problem. There is a shortfall of £11 million. There are three potential investors who offered about £7.5 million for a stake in the club. Such stake will be from the fan trust. In conjuncture with such circumstances, most of the fans (members of the fan trust) are not inclined to accede to such request. Hence, the fan-trust bond (also known as Plough Lane Bond) has been created to raise the fund for such move without the fund injection from these three potential investors.
The fans are of view that by agreeing to the potential investors’ offer, it will mean that the fan trust will cede the control of the club to the external parties. I am of view that such decision will have defeated the fundamental basis on how this club has been set up in 2002.