2. Agenda
What is BRSIT
Introduction of the Team
High Profile Public Supporters
Overview of the BRSIT idea
Regular Queries
Your Questions Answered
Next Steps for BRSIT
How you can help
Any Questions
Further Information
3. What is BRSIT
The Blackburn Rovers Supporters’ Investment Trust is:
A collection of committed Rovers Supporters
who are worried over the state the club is in
and its long term future
Seeking to put together a bid for the club by
gathering together all Rovers fans to finance a
‘community ownership’ initiative with no one
person or group in outright control
Supported by high profile local figures from the
business, political and sports arenas
Now a Registered UK Company with
registration number 8046293
Putting the final touches to a community share
issue to finance a formal bid for Blackburn
Rovers Football & Athletic Plc to the current
owners
4. Introduction of the Team
BRSIT Ltd has assembled a team covering the
required skill sets to successfully create a viable bid
for the club.
Day-to-Day Management (Founding Board)
• Wayne Wild – Director of WEC Group – Blackburn
End Stand sponsor of BRFC – Lifelong Rovers fan
• Dan Grabko – CFO of Jobtip Group in Sweden –
Finance Specialist – Lifelong Rovers fan
• Neil Thornton – MD of Thornton Media – PR
Specialist – Lifelong Rovers fan
Non Executive Director
• Simon Garner– BRFC Legend
5. Introduction of the Team
BRSIT Ltd has assembled a team covering the
required skill sets to successfully create a viable bid
for the club.
Supported by
• Glenn Keeley – Former Players Representative –
BRFC Legend
• Ian Liddle – Farleys Solicitors – Legal
• David Kitson – RSM Tennon – Accounting
• Richard Speak – Pall Mall Capital – Corporate
Finance
• Gary Barker - MW Printing – Print Services
• Janice Parker - Jubilee Credit Union – Provision of
BRSIT Share Saving Accounts and Loans
• Jean Dziki – Marketing
• Chris Heyworth – B2B Sales
• Stuart Grimshaw – Social Media
• Neil Burrows – Whitehall Country Hotel
• Laura Moulden – Hive – Advertising
• Khursid Valli – Gateley LLP – Share Issue Advisor
• Supporters Direct – Community Ownership Advisor
• Michael Booth – Pleased Sheep Films – Video
Production
6. High Profile Public
Supporters
BRSIT’s plan has gathered public support from
many highly experienced and credible people
Political
• Jack Straw MP – ex Home and Foreign
Office Minister and current MP for
Blackburn with Darwen
• Jake Berry, MP
• Graham Jones, MP
• Brian Simpson, MEP
• Kate Hollern, Leader of Blackburn with
Darwen Council
• Sir Bill Taylor – ex Leader of Blackburn with
Darwen Council
• Phil Watson CBE – ex Chief Exec Blackburn
with Darwen Council
• Lord Taylor of Blackburn
• Lord Patel of Blackburn
7. High Profile Public
Supporters
BRSIT’s plan has gathered public support from
many highly experienced and credible people
Businessmen
• Colin Mustoe
- Senator International
• Vernon Yerkess
- Cleverboxes
• Wayne Hemmingway
- Red or Dead
Fan Groups
• Blackburn Rovers Supporters Trust
• Aqueduct Inn Ewood Blues
• Blackburn Rovers Action Group
• BRFC Supporters Internet Site (BRFCS)
• Vital Blackburn Rovers Internet Community
• Various Blackburn Rovers Regional and
International Fans Associations
8. Overview of the BRSIT
Idea
Enabling Community Benefit Society
Ownership of BRFC
Initial goal of £10m
£1,000 a share
1 member = 1 vote
No successful bid – no commitment – all
funds returned to members
Annual General Meeting to decide key club
strategies
– Appointment of Board of Directors/ Annual Budget
Approval
No active role on specific footballing decisions
– let proven professionals run the business.
– Day to day running of the club, Manager/ employee
appointments, transfer targets etc left to the Board
9. Community Share
Structure
Enabling Community Benefit Society
Ownership of BRFC
£1,000 a share
Withdraw-able & Non-transferable
– Shares could be withdrawn by the shareholder at the discretion
of the board of directors after the mandatory holding period
– Shares could not be bought or sold on any market, either listed or not
Asset Lock
– Shares could never increase in value, but they could decrease in value
1 share ≠ 1 vote; 1 member = 1 vote
Maximum possible investment risk as proposed = £1,000
Maximum possible investment return as proposed = £2,000
– £1,000 Rovers Rewards spread over 20 years
– £1,000 upon withdrawal if share has retained its full value
No successful bid – no commitment – all funds returned to members
10. BRSIT Membership Card
Effective annual 5% return on membership
investment in the form of Rovers Rewards
BRSIT Card could be used to
redeem Rovers Rewards to purchase
Rovers promotional merchandise,
match day tickets, corporate hospitality
facilities, etc.
A 5 share membership level
(5 x £1000 shares) could give you a
free season ticket every year for 20
years (based on 2011/12 prices) by
redeeming your Rovers Rewards
BRSIT Community Points could be
earned by swiping your card at Partner
Rovers Rewards may effectively repay your entire Businesses, and a small portion of your
membership investment over 20 years purchase could be donated to BRSIT
11. Jubilee Tower Credit
Union
“Share Saver Account” and Financing Offering
Agreement struck with Jubilee Tower
Credit Union who created a new protected
“Share Saver Account” to enable fans to
save up the money required for a share in
the Blackburn Rovers Supporters
Investment Trust
The maximum balance in a “Share Saver
Account” will be £1,000
The maximum loan amount on a “Share
Saver Loan” will be £750
12. Regular Queries
The most popular questions received to date are
focussed on how any bid would be structured
and how success might be achieved
How much do you think would be
needed to buy the club?
Who will run the club?
Does Premiership status matter?
Are you going to laden the club with
additional debt?
What is this Rovers Rewards
membership benefit and how will it
affect the club’s income?
How much has been pledged so far?
Will BRSIT be willing to become a part
owner in cooperation with other bids?
14. Next Steps for BRSIT
Take the feedback from today and the website
to polish the form and structure of a bid
Continue to market the idea to fans, businesses,
key stakeholders to ensure fundraising target
can be hit
Encourage deposits to the Jubilee Credit Union
Protected Accounts
Outline timetable – aim to launch bid over the
summer football break and make formal
approach before the start of the new season
– Release Pre-share offer document and begin to
collect cash into escrow
– Open discussions with the current owners once
clear that funding is available
– Release Detailed share offer document when actual
target is known/ negotiations are underway
– Reach Target/Takeover
15. How you can help
If you have already pledged, please increase your pledge
if you can
If you haven’t pledged, please do so online – no
commitment but gives BRSIT a clear signal of the
availability of funds
Deposit savings towards your pledge to the Jubilee Credit
Union Accounts – again no commitment but gives you
certainty you will be counted for the first phase of shares
Encourage others – word of mouth is the strongest
marketing we can get
We need key local businesses behind us – can you help
us meet key decision makers to explain our plan
We want more high profile supporters to help spread our
message – can you put us in touch?
Donations: Working fund is necessary to cover expenses
raised in our campaign
16. Text your pledge now
Text ECTGA to 60777 to
pledge to buy one share
today!
