Vital Football

Latest Lincoln City News

Trust - Statement From The Chairman

Trust - Statement From The Chairman
Having regard to the statement of the Trust in December 2015, the position has been reached whereby during the current season 2016/17, the intended further investment of Sportsvest and possibly others, will result in the dilution of the Trust shareholding within Lincoln City Holdings Limited to below 20% of the total shares in issue.

This was the level previously set whereby the Trust, along with others holding more than 20%, would retain an effective veto on further investment. It was agreed at the time that whilst the veto was important in order to gauge the impact of the initial tranche of investment within the club, it would only be activated when it was felt to be in the best interests of Lincoln City Football Club and not based on the specific priorities of the Red Imps Community Trust. It is the Trust Boards unanimous position that on all available evidence the Sportsvest investment within the Club has been very positive for Lincoln City both on and off the pitch.

In view of this the Board are not intending to veto the planned further substantial investment and accept that the existing individual effective block will therefore lapse, however remains in place if more than 20% of shareholders vote together. If any member has strong views to the contrary or simply wishes to confirm support for this position please feel free to advise accordingly.

You can discuss this Statement on 100% Imps RIGHT HERE!

Writer:The Red Imps Community Trust
Date:Friday February 10 2017
Time: 7:57AM

Login to post a comment

Recent Lincoln City Articles

Media Roundup: Crawley Town 3-1 Lincoln City

"Jimmy Smith had given the home side the lead before Matt Green leveled early in the second half..."

17/2/18: Results, Scorers, Attendances & Table

Cambridge United won 3-1 at home against Grimsby Town, Newport County drew 0-0 at home against Notts County and Swindon Town won 3-2 at home against Port Vale.

Stats: Crawley Town v Lincoln City

All the stats from Crawley Town (3) vs (1) Lincoln City, Checkatrade Stadium, 17/2/18 - 15:00 Att: 2,809 (702 Lincoln City Supporters)

Today's Teams: Crawley Town v Lincoln City

Today in League Two Cambridge United host Grimsby Town, Newport County host Notts County and Swindon Town host Port Vale.

Lincoln City Archived Articles

Vital Lincoln articles from

Site Journalists

Editor email
The Imposter
Editor email
no email

Current Poll (see more polls)

Will we win, lose or draw against Crewe Alexandra?
Suggested By: Vital Lincoln City
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Lincoln City Results (view all)

Lincoln City Fixtures (view all)

Vital Members League Table

4.Barney Imp261
The Vital Football Members League