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All about Playershare Playershare helps AFC Bournemouth attract players who would otherwise
be beyond the Club’s financial reach. Playershare funds are guaranteed
to directly affect
the team, and for no other purpose, aiding
the team’s progress directly. When the Club needs
funds, the team manager will present a case to the Playershare Chairman, who
will in turn discuss it with the other directors and members of the Operating
Committee. In return for each tranche of funds provided, Playershare will either
take a small percentage share of the proceeds from future transfer income from
all members of the squad over an agreed period, or a percentage interest in
an individual squad member – but not necessarily the new player. By splitting the spending decision from the investment, we are able to be
much more flexible in using the Playershare funds. For example, it might be
in the interests of the club to add an experienced central defender to the
squad on a loan basis. Playershare could make the funds available, and in return
take an interest in any other player in the squad. Funds may be made available for a wide range of purposes provided they are
directly linked to strengthening the playing squad, including to pay the transfer
fees of new players, to contribute to the wages of new players, or to fund
a loan player where either the wages are higher than the budget will stand,
or – as in the case of season 2002/03 – where injuries meant that
additional players were required – often at very short notice. Fans who do not have the minimum investment of £1,000
spare can contribute through the fans' trust, namely, the Community Mutual.
The trust has set up a separate bank account and all monies paid over will
go straight
to
PlayerShare,
which
in turn will use the money solely to help fund our squad. At the start of this season, Cherries chairman Peter Phillips said: "Everybody
knows money is extremely tight. We cannot afford to make mistakes and waste
funds in any part of the business, and that includes the playing side. However,
as we showed last season, with the help of Playershar, we will find the money
to make sure we support the team when it is necessary because that's what we
are
all here
for. Despite all the serious financial problems we had last season, we managed
to bring in players of the calibre of Neil Moss and Warren Cummings and I'm
sure we
will do the same this season if we have to". |
