The Crawley Town Supporters’ Alliance wishes to release the following open letter for the attention of The Ultimate Beneficial Owners of WAGMI Utd LLC
Upon the acquisition of the club in April 2022 WAGMI Utd LLC pledged ‘a new era of unprecedented transparency and accountability to Crawley Town Football Club supporters and the Crawley community.’*
We believe that fundamental to such transparency is a simple right for the supporters and community of Crawley to know which individual or individuals are in effective control of their football club.
Hence why in March 2023 the CTSA asked the Chairman of Crawley Town Football Club, ‘Mr Eben Smith’, in writing ‘Who are the shareholders and ultimate beneficiaries of Crawley Town Football & Social Club Ltd?’ to which Mr Smith replied ‘Wagmi United LLC is the 100% owner and shareholder of Crawley Town Football & Social Club’. This reply neglected an answer to the question in relation to the disclosure of the ultimate beneficial owners.
Please note regulation 114.5.4 from section 10 of the EFL rules & regulations:
’Each Club shall publish the identities of the ultimate owner (Person, not Entity) of each Significant Interest in the Club (as that term is defined Rule 1.1 of Appendix 3). That information shall as a minimum be published on the Club’s official website on a page accessible directly from the home page of that official club website.’**
We note that such disclosure features on the websites of teams within League 2.
A Significant Interest is defined in Section 1 of the EFL rules & regulations as follows:
‘‘Significant Interest’ means the holding and/or possession of the legal or beneficial interest in, and/or the ability to exercise the voting rights applicable to, shares or other securities in the Club which confer in aggregate on the holder(s) thereof ten (10) per cent or more of the total voting rights exercisable in respect of the shares of any class of shares of the Club.’**
The purpose of this letter is to therefore request that you please provide the following disclosure in accordance with the spirit of the aforesaid pledge made by WAGMI Utd and/or in accordance the aforesaid EFL regulation:
- Your names along with a brief bio as a means of introduction to the supporters.
- Your total percentage shareholdings in WAGMI Utd LLC.
- The identities of the persons with Significant Interests in Crawley Town Football and Social Club Ltd.
- How these persons comply with the definition of ‘Significant Interests’ in accordance with the EFL regulations.
Furthermore we note from your website that the following characters are listed as members of the WAGMI Utd team:
We assume the above are pseudonyms. In which case we would be grateful if you could please also provide the actual names of these individuals as well as their role and interests in WAGMI Utd in accordance with the spirit of the aforesaid pledge.
The CTSA maintains our invitation for you to contact our Chairman Mr Reuben Watt at firstname.lastname@example.org so we may commence a constructive dialogue with you in order to achieve our common objective which is the success of Crawley Town Football Club.