Thursday, 20 October 2016
Trust Statement 20-10-16
The Killie Trust are concerned to learn of the resignation of Russel Smith from the Kilmarnock FC Board this week. We feel that this displays quite publicly the ongoing disharmony which we believe exists amongst the directors. The Kilmarnock Football Club Supporters’ Association have since launched a petition requesting the immediate resignation of Michael Johnson from the club board. This petition has already gathered circa 1,000 signatures online and at various retail and licensed premises in the town within 24 hours; clearly there is a feeling of serious discontent in and around the entire organisation.
Mr Johnston has stated in the press that the club have recently completed a formal agreement with the Killie Trust, which could lead to the purchase of £100,000 in unallocated shares. The Trust can confirm that Heads of Terms were signed back in April, but that any potential purchase will hinge entirely on the results of the ongoing diligence process, which is taking far longer than anticipated, and the Trust members agreeing to go forward with the proposed “Trust in Killie” fund-raising initiative.
The TIK initiative will initially deliver a democratically elected fans representative on to the board to help and advise on the day to day running of the club, as well as give critical input from a fans’ perspective. Long term it will continue to deliver ongoing investment by the fans directly into the club and gradually work towards the support owning 51% of the shareholding to secure our existence for future generations and give our community a football club to be proud of again.
“Coming together is a beginning, staying together is progress, and working together is success.”