Brentford FC's three major shareholders, Altonwood (Ron Noades), Marlborough House Investment Holdings (Martin Lange) and Kingsmead Parks (Peter Wheatley) have, with Bees United, entered into a consortium to utilise tax losses arising from the Club against profits in their respective businesses.
Personal Comment from Joe Bourke (Joe is an independent businessman, experienced financial accountant and auditor, the treasurer and a board member of Supporters Direct, the national government backed organisation of supporters trusts, and a Bees United board member)
Based on comments made to me recently, there appears to be some confusion among some supporters about the roles of the three directors on the board of Brentford Football Club (BFC) that have been nominated by BEES UNITED.
Bees United and Lifeline are delighted to announce that they have formed a close alliance to combat the enormous difficulties that the Club are facing at present
The last few months have been eventful for Bees United, the supporters trust. The appointment to the Brentford FC Board of two new supporter directors together with the assumption of executive control by supporter representatives, followed by the appointment of Doug White to drive the new stadium development plans forward,...
What is the financial situation at the Club now?Although dependent on several factors (the performance of the team mainly) the Club is hoping to break even or make small a small profit from its operations this season. There is still expected to be an overall loss however, and this is...
Under Bees United's option agreement with Altonwood, Altonwood have agreed to support the existing overdraft limit of £4.5m, but obviously we cannot exceed this figure. The overdraft has recently been renewed by the bank.
Congratulations to Bees United's Joe Bourke, one of the Loan Note Holder representatives on the Society Board, who was elected today (June 20th) to the Board of Supporters' Direct, the national organisation behind the supporters' trust movement.
At an open meeting for Brentford supporters on Tuesday 17 June the Chairman of Bees United, Brian Burgess, called on all fans to keep up the good work that has achieved so much over the past two years.
The board of Bees United is delighted that Doug White, who has been instrumental in developing our plans for a new stadium at Lionel Road, has joined the board of Brentford FC.
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