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> CFU - Membership Notification – Donation Agreement
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post Jun 19 2018, 04:50 PM
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Further to the statement dated 10th May 2018, the Board of City Fans United are delighted to announce that a Donation Agreement has been agreed between Chester City Supporters Society and Mr Stuart Murphy.





The Agreement was reached following due legal process and we would like to thank our legal team at Gateley Plc and Supporters Direct for their invaluable help in this matter. We would also wish to thank the legal team at Jolliffes and Simon Williams who represented Stuart in this process.





There will be absolutely no dilution of the principles of Fan Ownership nor control as a result of this agreement.





Stuart has committed to helping Chester Football Club for a period of three years, during which time he is to donate the sum of one million pounds, the majority of which will be allocated to infrastructure improvements that will enable the club to increase its overall sustainability.





Stuart has been invited to join the Operations Board for the duration of the agreement.





Speaking about this opportunity Stuart added:


“I am really delighted to be able to join forces with the Board and supporters at Chester FC. This gives me a great opportunity to give something back to the City of Chester and to the football club that I care for so much.





I have lots of ideas to move the club forward positively and I can’t wait to get started. There is much to do, but I am confident that together we can now start to write a new and far more positive chapter in the history of Chester FC”





Responding, David Harrington Wright, the Chair of Chester FC added:


“I am so pleased for everyone that we have been given this opportunity. I know that Stuart is brimming with ideas and we are so grateful to him for this generous donation and for his skill, expertise and time that he will commit to help our club” “ This is a one off chance for everyone at Chester Football Club”. If we all pull together, we can really make it work”




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Rio Doherty
post Jun 19 2018, 05:13 PM
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Not all knights come in shining armour and this, quite frankly, is remarkable stuff. This is brilliant news for us which we should feel privileged by. Stuart receives the freedom of our city for helping us out not only now, but for our future too. We need to use his investment very wisely over the coming years, mostly on infrastructure which will hopefully make us grow more sustainably. Thank you Stuart. Legend!

This post has been edited by RioTheBallBoy: Jun 19 2018, 05:19 PM


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Gizmo's Dad
post Jun 19 2018, 05:40 PM
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📝 | BREAKING: The Board of @CityFansUnited is delighted to announce that a Donation Agreement has been agreed between Chester City Supporters Society and Mr Stuart Murphy. He is to donate the sum of £1 million across a period of three years.

Statement 👉 bit.ly/2K2e4Vs


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3mm
post Jun 20 2018, 10:10 AM
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Incredible donation. Thank you Stuart bowdown.gif smile.gif


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archie thomas
post Jun 20 2018, 10:17 AM
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Thank you stuart . hope to meet you in the blues bar cityscarf.gif guiness.gif



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EltonblueS
post Jun 21 2018, 10:17 AM
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great news lets hope we can spend it wisely
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JamesDee
post Jun 22 2018, 04:44 AM
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QUOTE (EltonblueS @ Jun 21 2018, 07:47 PM) *
great news lets hope we can spend it wisely


Would not spending all of this money but holding on to some of it in an interest bearing deposit account be permitted, say holding back GBP 100,000 for 200,000 for future emergencies or circumstances be permitted or must it all be spent in the three period. And then there what follows to consider. Will it be like the "falling off a cliff" scenario when year four arrives without this money unless a transition provision is being made now to prevent that from happening with a gradual easing of finances into the further years without this lovely funding from Mr Murphy. We surely don't want three years of heaven and then falling into hell like we have just recently missed out on. There must be some sort of approved forward financial planning that is binding on all future Boards as a minimum arrangement say for at least the next five years from now.

I offer these comments in order to initiate further comment and Board consideration of our grateful thanks but also to ensure, if we can, the future prosperity for the club from this unique and unusual gift of such a large amount of money such as to possibly set the club up for a very long time and extending way beyond the three years period of the donation.

It is just as if we had had a good cup run and had had a home game draw result against Man United and then had the replay before a full house at Old Trafford, only much better than that. We must not stuff up the outstanding and wonderful possibilities for the club from this generosity. We must also continue the fund raising for the future of the club and not sit back on our laurels and good luck but keep laying the solid financial base for the future.
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