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THE HONEST MEN TRUST

Trust Agree 50:50 Bid For United With Consortium

Somerset Park set for a facelift ?

The Honest Men Trust has been very concerned over a period of some time by the continuing and latest adverse developments at Somerset Park. Mr. Donald Cameron, the owner of Ayr United, had confirmed to the Trust that he was prepared to consider their offer to take over the Club. The Trust, an officially registered Society with 300 members, was set up by supporters almost two years ago to strengthen the bonds between the Club and the local community. Its financial assistance to the club has been acknowledged by the Board. The Honest Men Trust have been exploring avenues of assisting further and recently met with the members of the Clyde Trust to discuss their model. The Trust wrote to Roy Kennedy and his consortium to find out his plans and offered the concept of a 50:50 bid based on the Clyde model. After a joint meeting and lengthy negotiations this week this concept has been agreed in principle by both parties as a step to put the Club back to where it belongs and eventually into full Community ownership.

The concept is that the Trust and the Roy Kennedy Consortium will open up a holding company outwith Ayr United, Ayr 2010 Ltd, where all monies raised will be paid from both parties, these funds would be used towards meeting the aims of the joint agreed business plan including clearing the debt, ensuring the ongoing financial stability of the Club as well as developing a new 6,200 seater stadium at Somerset Park by 2010. A Board of Directors would still run Ayr United with a director each from the Trust and Consortium overseeing matters. As with the Clyde model the Trust would have a veto on any of the Boards decisions if required. This means that everyone would be looking at making decisions only for the benefit of Ayr United Football Club.

Once further discussions have taken place and concrete plans are formalised a meeting will take place with Trust members and United fans can have their say. The Trust apologises for the cancellation of this Saturdays proposed meeting at the Market Inn but confirm that a further meeting will be held as soon as possible.

Donald McNeill, Trust spokesman, said,

“In all our discussions with Donald Cameron he has always stated that he sees the future of Ayr United as a community club and has encouraged the Trust’s efforts. We welcomed his support and that of his family. Over the last week, we had noted bid proposals put forward by a local business consortium. We are pleased to announce we have met, negotiated and agreed a 50:50 equal partnership with the consortium main backers. A new joint company Ayr 2010 Ltd has been registered and will make a formal bid to Donald Cameron for the Club.

The Club’s Centenary will be celebrated in 2010 and with the fans and business sectors’ support will attempt to:

> Clear the club’s debts and ensure its ongoing financial sustainability
> Construct a new 6000 seater stadium by 2010 - the Club’s Centenary
> Establish Ayr United among the top 16 of Scottish Football
> Create a Community Training Academy
> Place the Club in Community ownership,

All is of course dependent on our joint bid being successful and subsequent community support. A measure of our agreement and progress made is our joint commitment to publicly present our detailed business plans for comment, scrutiny and we hope to receive everyones support.”

Templeton & Burgess, both supported by UFY

United For Youth Update

The success of the First Foot Ne’erday Hospitality Day and the fun Quiz Night at the Market Inn last Friday has allowed a further donation from the Trust to Ayr United’s Skillseekers Scheme.. Including this recent £1.000, a total of £3,000 has now been freely donated to the Club by big hearted fans to support the youth programme. Further fund-raisers are planned.

Support Health For Life

With the Christmas and New Year holidays a receding memory, the battle to get fit now begins in earnest. And here is how to do it - The Honest Men Trust - the Ayr United Community Initiative - has teamed up with James Watt College at Kilwinning to offer a free programme on healthy living Health for Life is the fun, easy way to get to get fit and lead a healthier lifestyle.

It is a new national award winning exercise and fitness course using the latest techniques and best practice in diet, nutrition and exercise . You do not have to attend College and it will not cost you a penny. You will have your own personal qualified tutor to advise and help you through the course. You can study whenever and wherever you choose – indeed many people complete the programme in 12 weeks. On successful completion you get a nationally recognised qualification - the Certificate in Exercise Studies.

Both individuals and groups are welcome on the programme. Why not team up with your family and friends or encourage your local organisation to enrol.

Interested? Please visit the website - www.healthforlifeonline.net or call the Health for Life helpline 01423 817770.

This programme is supported by Ayr United and NHS Ayrshire and Arran.