
Wycombe Wanderers Supporters Trust has repaid a second £5,000 instalment on its loan that was taken out to fund the Trust's holding of shares in Wycombe Wanderers Football Club PLC.
Wycombe Wanderers Supporters Trust must raise a total of £100,000 to pay for its holding of 100,000 ordinary shares in Wycombe Wanderers Football Club PLC and thereby secure permanent PLC Board representation for the Trust. The Supporters Trust has been required to pay the PLC the full £100,000 for the shares. Funding for the share purchase included a £35,000 loan from a member sympathetic to the aims of the Supporters Trust. The loan is secured against the shareholding and, hence, to own the shareholding outright the Trust must repay the loan.
As of 1st November 2006, the Supporters Trust has raised £75,000 towards the total of £100,000. A loan of £25,000 remains to be repaid.
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