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Stevenage Lottery

By FootyIQ (HT-FT)18/5 15:52Mon May 18 15:52:47 2020

Views: 850

As we know, the club will not receive any income through the turnstiles for possibly 6 months.

As supporters, how can we help the club through these times considering they are doing all they can for the community during the pandemic.

Maybe we can have a Stevenage FC lottery where we pay £10 or £20 per month which would have gone to the club through the turnstiles anyway on a match day.

We would need may be 500 over 18s to participate.

20 x 500 = 10,000
Have a prize pool, and the club can keep 75%.

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Re: Stevenage Lottery

By dippers119/5 13:31Tue May 19 13:31:15 2020In response to Stevenage LotteryTop of thread

Views: 273

35 PHIL WALLACE & FAMILY
DOB: 22/10/1949 2018: £80M INDUSTRY: FOOD 2019: £110M
• Hertfordshire Life
• 1 Mar 2019

Sitting 11th in the English Football League division two at the start of 2019 is not where Stevenage’s ambitious chairman Phil Wallace wants the club to be. Wallace took control of Stevenage FC in 1999 when the club was days away from bankruptcy. He regards it as a personal challenge but it is one he can bankroll. Aside from his footballing duties Wallace is the CEO of the world’s largest privately-owned frozen and chilled food importer and exporter, Lamex, which he joined in 1972 and became a director in 1975. He was appointed managing director and majority shareholder in the early 1980s.
Continuing growth in the group led to a $50m management buyout in 2006, with Wallace and his family retaining a near 24 per cent family stake in the newly formed parent, Lamex Food Group.In 2017–18 it made a record £24.7m profit on £1.2bn sales and should be worth over £300m. Wallace’s Lamex holding and his other assets and past salaries take him to £110m.



I think Phil should be able to cope

Edited by dippers1 at 13:33:07 on 19th May 2020

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Re: Stevenage Lottery

By Sev19/5 13:58Tue May 19 13:58:37 2020In response to Re: Stevenage LotteryTop of thread

Views: 254

I don't know Phil's exact split of assets but I imagine that his wealth is held in his shareholding in Lamex and property. It's not like he will have £110m in cash or in the bank to access readily.

Should we expect him to sell his second home, or 5% of his shares or Bragbury End to bankroll the club's shortfall. He already does to the tune of half a mil a year some years.

A club should be run sustainably and not dependant on the owner's personal wealth. Phil himself won't have many financial problems, unless Lamex goes tits up rendering his shares worthless.

Equally we as fans shouldn't have to prop up the club through fundraising.

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Re: Stevenage Lottery

By Bankerbob18/5 22:55Mon May 18 22:55:18 2020In response to Stevenage LotteryTop of thread

Views: 394

Let the SA run it. They get shares in exchange for money raised.

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Re: Stevenage Lottery

By WASP (Original Mr Wasp)18/5 18:49Mon May 18 18:49:28 2020In response to Stevenage LotteryTop of thread

Views: 532

Hi Phil.

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Re: Stevenage Lottery

By Been There (Chargers)18/5 17:46Mon May 18 17:46:44 2020In response to Stevenage LotteryTop of thread

Views: 591

I'm in.

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Re: Stevenage Lottery

By Roulette Len18/5 17:17Mon May 18 17:17:00 2020In response to Stevenage LotteryTop of thread

Views: 632

I'd be happy to participate, club have done a lot to support our community.

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Re: Stevenage Lottery

By Hitchin Callling18/5 16:14Mon May 18 16:14:03 2020In response to Stevenage LotteryTop of thread

Views: 720

Or we could just hope clubs get bailed out from "higher up the food chain".

https://www.bbc.co.uk/sport/football/52706893

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Previous thread: Looks like we are playing the waiting game by Themessiah18/5 13:04Mon May 18 13:04:19 2020view thread