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2012 AGM report

2012 AGM report
 

Posted Monday 20th August 2012

ArabTRUST's AGM took place on Thursday in the Levein Lounge at Tannadice Park, where around 40 members turned up to conduct the formal part of the agenda, followed by a Q&A session with Dundee United’s Head Youth Coach, Stevie Campbell.

ArabTRUST Chairman Derek Robertson began proceedings by summarising the activities of the Trust over the past twelve months and paying tribute to all of those who contributed to another successful year.

Membership currently stands at some 700 (approx 15% of the season ticket base) and this, together with healthy merchandise sales and other events plus a reduction in outgoing expenses, meant that the Trust was able to provide £15,000 towards a new project to upgrade Gussie Park, home of United’s youth development squads. This amount will be exchanged for shares in the Club, bringing ArabTRUST's shareholding up to 2806 (2.9% of the Club’s issued share capital).

The Federation of Dundee United Supporters’ Clubs will add to this amount, bringing the total initial funding for the project up to £20,000, and ArabTRUST will hold a number of shares on their behalf. It was estimated that ArabTRUST has now donated almost £200,000 to the Club since its launch in 2003.

Colin Stewart provided a report on his Associate Director role at the Club, including a summary of the current financial situation and, in particular, his youth and community activities. Colin also outlined a number of forthcoming ArabTRUST events, all of which will be aimed at raising funds for the Gussie Project. These include car boot sales at the Gussie Car Park starting in September, a second Comedy Night and the return of the unique ArabBURNS Supper.

All of the items raised during the formal part of the meeting were approved by members and as there were no further nominations for Board vacancies, Dave Mulholland and Dave Baxter were re-elected uncontested.

Following the business part of the meeting, Stevie Campbell was in fine form as he gave a hugely encouraging report on the youth set up at the Club, with the odd entertaining anecdote thrown in for good measure. Next time you see him, get him to tell you his Albert Kidd story. No wonder Craig Levein has never forgiven him!

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