At the heart of our plans to bring senior football back to Widnes is a commitment to financial sustainability. This means:
*Club will initially operate as an unincorporated association until such time an entity is created to operate the first team as a Limited Company.
*As an unincorporated association, a committee will be elected by members of a public meeting in the Spring.
*Should a Limited Company be formed, the initial shares n the club will be held by a nominated individual or entity for safekeeping.
* Shares in the football club are not for sale without supporters club approval. Only 100 shares will be issued in the entity that operates the first team. Shares will only be issued to new prospective individuals by the designated holding party if approved by a majority of members of the Supporters Club.
* No dividends, salary payments or financial benefits will be available for directors of the club advisory board.
* An asset lock so that the club cannot dispose of any physical assets that the club should come to possess. The sale of players and / or staff would be at the discretion of the Board and Club Management.
* All profits and cash surplus reinvested into the club.
* All playing budgets must be allocated from cash in hand at the start of the season. No speculative spending outside of our means or hoping for cup runs to increase the budget.
* The Widnes Town FC Community Trust will collect fundraising monies from items such as crowdfunding, monthly draws and fundraising events and allocate those funds accordingly. The primary goal for the Community Trust is securing a ground to play at for our teams in Widnes and enabling the creation of academy teams / supporting junior teams.
* Only matchday revenue and sponsorships will be used for spending on playing staff budgets.
<Add financial projections here when ready to be published>