Joint Board meeting 28th November 2005 17.00

Present:Rob Doidge (RD), Frances Farley (FF), Adrian Hitchcox (AH), Trevor Manley (TM), Julian Tagg (JT) and David Treharne (DT).

Topics discussed:

Merchandising: JT outlined the discussions and negotiations that were being conducted on behalf of the Club for the merchandising contract for season 2006-2007. The various options outlined were discussed.

Update on CVA: DT brought the BOS members up to date with the current situation with regard to the discharge of the CVA. A timescale was fixed at the meeting between the Directors and Supervisor on November 1st with 16th December being the preferred date. However the threat of a challenge to the 'windfall' clauses cannot be ruled out even at this time.

Levels of Authority: DT and FF outlined the new systems that had been put in place for all purchasing at the club and the establishment of cost centres across all areas of the Club. TM asked for clarification of the system with particular regard to terms and conditions of business, and there was a general discussion of this topic.

Consultancy: AH talked to a paper he had prepared about stadium renaming. The issue of stadium redevelopment was raised as a further issue and there was general discussion of the topics.

AOB: RD raised the issue of 'Red or Dead' and usage of the funds generated. There was a general discussion of the matter with reference to the process outlined at a previous BOS meeting. RD also raised the issue of Trust Members being allocated tickets for the Boardroom on Matchday and it was agreed that there should be a regular allocation for current Trust members, allocated by a draw.

The meeting closed at 18.15

The next meeting was set for 9th January 2006 at 17.00