Ancient Mariner
Well-Known Member
I understood something similar. I did think however the $200 a year was at the trusts discretion.
I originally thought that the trust would remain totally independent of the Club and maybe buy in when it was affordable. I would like to see the trust grow a decent amount and spend some investment income to specific activities to support the Club. Sometime in the future when the trust became large enough and could afford to purchase and afford to fund annually a percentage ownership, rather than a nominal 1 or 2% which could be easily terminated by the majority owners.
I did become concerned about the Trusts independence from the Club when listening to Richard on the pod saying that the trust would go towards funding the academy.
Personally I would like to wait until Richard commits and actually buys his share of the Club, rather than his 3 year trial.
A lot more Ts to be crossed and Is dotted before any commitment from me.
I originally thought that the trust would remain totally independent of the Club and maybe buy in when it was affordable. I would like to see the trust grow a decent amount and spend some investment income to specific activities to support the Club. Sometime in the future when the trust became large enough and could afford to purchase and afford to fund annually a percentage ownership, rather than a nominal 1 or 2% which could be easily terminated by the majority owners.
I did become concerned about the Trusts independence from the Club when listening to Richard on the pod saying that the trust would go towards funding the academy.
Personally I would like to wait until Richard commits and actually buys his share of the Club, rather than his 3 year trial.
A lot more Ts to be crossed and Is dotted before any commitment from me.