So.....most disconcertingly the "Aysgarth issue" still seems to be a pretty major topic judging by the letter pages of this quarters WR's Relay magazine (Issue 78). For anyone whose not read it, get your hands on a copy and read it thoroughly end to end as it makes for interesting reading.
Read all the letters, but dwell on a Mr Robert Barrett's, because he hits on some very serious points, which a lot of members and share holders alike have long thought.
Mr Barrett suggests that " its very apparent that negotiations between certain members of the plc and the buyer have been ongoing for some time".
When you read other contributions, particularly from the WRA(T) Chair and the WR General Manager, there is in the case of the former; he mentions the sale of Aysgarth and the reasons why, yet the latter's vague reference is made in the last paragraph of "the tough decisions we made last year....".
Clearly whilst the sale of Aysgarth generated a lot of feeling, this isn't about the sale, its about how the sale was conducted. Whilst there is a lot of questions still over whether it should have been sold, that is not the point.
Its the manner in which it was sold that is at the top of peoples minds and this won't go away until the WR PLC & WRA(T) explain it in detail.
The members and shareholders no longer need to know WHY the decision to sell it was made, both sides get that, but the devil is in the detail, because as it stands there are some serious questions to be had to allay the concerns.
Questions therefore that WR PLC & WRA(T) need to consider and answer;
- How did the buyer become aware of the availability of Aysgarth?
- Did the buyer or does the buyer know any members of the present WR PLC Board either through past business or on a personal basis?
- Why was Aysgarth NOT advertised on the open market?
- Why since the sad demise of the sitting tenant did the WR PLC not negotiate an increased price for the site?
- Why did the WR PLC NOT, given it was such a massive decision to sell Aysgarth, go out to ballot the shareholders over its decision to sell?
- When did the WRA(T) Committee consult with its membership to align itself with the WR PLC to operate "in concert" to sell Aysgarth?
- What influence do WR PLC Board members who are members of WRA(T) have over the WRA(T) committee?
- Did the WR PLC know in advance of the sale that in due course some £50k would have to be spent on clearing a past claim for services of a DMU?
- The WR PLC clearly has a Business Plan or wish list for the future, but where is the money coming from to operate this Plan because the sale proceeds from Aysgarth won't extend to infinity?
The WR PLC Board and WRA(T) owe it to the shareholders and members of the WR to address these questions once and for all and then if answered correctly, perhaps this whole sorry saga can be put to bed once and for all, allowing the WR to grow as it was always intended.
In my opinion, the only issue is that I feel the sale proceeds weren't enough. If it had been £500/600k, the issues would by now have gone away and we would have been re-joicing from proffering from a reluctant sale!!