I'd be surprised if the trust, Ray etc would keep going each month if they thought the minutes were being chopped and changed beyond recognition. In my experience in business, draft minutes are often sent around to attendees before circulated wider - is this what he means by changed by the club?
From the minutes, he is fairly critical of the club and that is kept in and answered to an extent.
For example, from the September minutes:
RS highlighted that in the last meeting it was stated that Mowbray would have the same budget as last year; but it seems he has not received any of the James Maddison transfer money and that Turnbull was acquired with the money from the Vincelot sale. The manager is having to rely on free transfers, loans – and the academy kids who shouldn’t have to play week in, week out. RS feels the manager doesn’t have the tools to work with and feels the budget is too low.
TF responded to this by saying the club has to be self-sustainable and we need to keep it going and moving forward, without putting ourselves in a dangerous financial position. The playing budget is not in the 10% for the league but it is what it can be. We would love to have a big budget but we don’t have the revenues to match the costs. We do what we can with the means we have got. We have the disadvantage of not owning our own stadium and our only meaningful revenue coming from ticketing and retail. TF has discussed the situation with Mowbray. The first team are currently underperforming; this is deeply disappointing. It is felt they should be doing better. There has been an impact due to inflation in football players’ wages, average players are on high wages, and also the change in the loan system. We have lost players (Fleck and Cole) who we were unable to keep. There also have been players we sold or released, which were football decisions, not financial. The board trust the management to make the right decisions.
