Dear Liam,
My email of 21 September 2007 to you has crossed with your letter to the Board also of 21 September 2007 which arrived on the 24th. A Board Meeting was held at the Club on the 25th at which your letter was discussed. The Board apologises to the Trust for not responding earlier to your letter of 10 August 2007, followed up by your letter of 21September.
In response to the matters raised in your letter of 21 September:
1. There will be ready for collection by you from the Club on Monday 1 October:
(a) Audited Financial Statements for the periods ended 31 May 2004 and 2005;
(b) Audited Draft Financial Statements for the year ended 31 May 2006;
(c) Management Accounts for the year ended 31 May 2007;
(d) a copy of the Memorandum and Articles of Association of the Company
Once you have had the opportunity to consider these documents, the Board would consider replying to written requests for further information provided that the disclosure of such further information is not commercially sensitive and does not breach any confidentiality obligations or fiduciary duties on the part of the Directors.
2. As I have already stated, there are no outstanding charges or debentures over the Club.
3. Directors service contracts are confidential documents that will not be provided, but I confirm as a courtesy that there are none that have 12 or more months to run.
4. There is no intention at the present time to appoint any further Directors to the Board of the Company.
The desire of the Directors of the Club is to cooperate with all of the Supporter groups, to arrive at a "We" position rather than a "Them and us" position. Because of events and circumstances that have happened in the past, for which the present Board is not responsible, there is a mutual recognition that there is bridge building to be done from both sides. I can assure you on behalf of the Board that we have the will to do so.
Yours sincerely,
Richard