For those interested, a bit more detail on the Force offer.
Western Force logo
Firstly, thank you for your interest in owning a share in the Western Force. The overwhelming support of Western Australians and rugby fans has had a tangible influence on our position with Super Rugby and the national and international rugby community.
You may have seen in the media recently that the SANZAAR (organising body for Super Rugby) has delayed the decision on the 2018 competition structure until March 2017. This gives us the opportunity to complete the fundraising process, which will provide the financial stability required to convince the Australian Rugby Union to continue supporting a national footprint.
Many of you have also completed the online survey, which has provided insight into how you believe the Western Force ownership model should function and has affected changes to the structure of the offer. We greatly appreciate your input.
Western Force Owners Pty Ltd will be formed with the purpose of securing the operating licence for the Western Force to participate in the Super Rugby competition for the duration of the current broadcasting agreements (until 2020).
The initial offer to purchase a share in Western Force Owners Pty Ltd will be 10,000 shares @ $1,000 each. For the company to be formed, a minimum subscription of 3,000 shares must be attained. The company will be for profit and shares may be bought and sold.
Shareholders will be entitled to a number of benefits:
10% discount on annual season tickets per share, with an additional 2% discount for each additional share up to a maximum 25% discount. Shareholders of 25 or mores shares are also entitled to 50% discount on season tickets for five years;
10% discount on annual community rugby club registration fees;
10% discount on all Western Force official merchandise;
Priority access to all Western Force tickets and Wallaby test matches;
Western Force ‘Owners Pack’, including recognition at Western Force headquarters and limited edition merchandise;
Western Force commitment to community rugby clubs.
Shareholders will also have the opportunity to be elected to an Owners Council, which will be established to represent shareholders and assist in the club making decisions on behalf of all owners.
The Owners Council will also:
Provide scheduled feedback to the Board and senior management as to:
Match day experience;
Team performance; and
Adherence to the Western Force philosophy;
Be consulted when key staff are appointed,
Be consulted as to the use of surplus funds.
In the next week we expect to finalise the shareholder prospectus and we will be seeking shareholder commitment by December 31. In the meantime if you have further queries please contact us at
info@westernforce.com.au.
Thank you again for your support.
Mark Sinderberry
Chief Executive Officer, Western Force
PS: Pease don’t forget to order your memberships – we need all of you to be at opening game vs Queensland Reds on the 2nd March.
https://www.westernforce.com.au/memberships
Western Force logo Super Rugby logo
Western Force PO Box 146, Floreat WA 6014 | Phone: 08 9387 0700 |
info@rugbywa.com.au
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