Patey wants professional set-up (From The Wiltshire Gazette and Herald)
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SWINDON TOWN: Patey wants professional set-up
6:00am Monday 22nd October 2012 in Sport By Sam Morshead
New Town chairman Sir William Patey
SWINDON Town will “professionalise the board” by taking action to pay certain directors in future, according to new chairman Sir William Patey.
Up until now the majority of the powers-that-be at the club have not received payment for their services, with former chairman Jeremy Wray working for free until he was stood down from the role last week.
However, a proposal was sent out to shareholders last week stating the intention to change the articles of association of the club to allow members of the County Ground hierarchy to be paid – including the new Robins supremo himself.
Patey stressed that the sums of money in question are hardly astronomic, and he explained that the action was designed to further incentivise board members to add extra value to the business.
He said: “You have to professionalise the board. This is a professional football club and when board members are unpaid they can think of it as a hobby. If they are paid they think of it as a job, they have contracts signed.
“I don’t think any of the directors have contracts. I have a contract and I have to deliver certain things for Swindon.
“If we want to bring in outside directors, if we want to bring in people with finance experience, property experience, legal experience which is healthy for a football club we’re not talking lots of money here.
“I don’t think the money the directors are getting paid would pay for one player so we’re not talking big bucks here but it’s a sign of the owners’ wish to professionalise the board.”
Meanwhile, Patey, who stressed that Russell Backhouse will not be leaving the board, revealed that he will be actively looking for new directors to join the club to add a variety of expertise.
He said: “We will take our time to look for other board members who can make a contribution based on our ambitions for the club.
“That may be someone with legal expertise or someone with property development expertise. We’ve got to look for people who add value to the board.
“But at the moment this is not a wholesale clean-up of the board. This is one swap – me for Jeremy.”
Comments(4)
stfcflag
says...
11:14am Mon 22 Oct 12
Swindon1984
says...
12:02pm Mon 22 Oct 12
the wizard
says...
1:25pm Mon 22 Oct 12
Yes the set up is better but after ploughing in millions he is seeing no return on his capital investment. meanwhile the structure of the stands as always require up keep and maintaining the playing squad will require more financial input over and above the large amounts already invested. Whether you are worth £3, £3k, £300k , £3m, or £300M, the fact remains £1 is a lot if you haven't got it, and seeing upwards of £12M invested so far and no return must start some alarm bells ringing, and the rest of us all know, it doesn't grow on tree's. So I think it is perfectly sensible, right and proper for more investors to be sought and signed up.
Nobody here on this forum has that amount of money or the appreciation of what is required to manage that amount of money correctly. The HMRC always want their cut and the nosey so'n'so's always want to know where its come from ete, etc, you just cannot pluck it out of one account and put it elsewhere, that is why it takes so long for these matters to become sorted.
Time to cut some slack and let them sort it out, constant speculation does little to re assure people that really you may/might/could/poss
ibly be on their side.
the real Tosh man says...
8:40am Mon 22 Oct 12