sally02

Saints
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About sally02

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    Reserve team sub

B&W Army Custom Fields

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    Stelios Demitriou

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  1. New signings Shull, keep up for godsake!
  2. Won't be £500k once the taxman gets his skin!
  3. Did you come up the Cart?
  4. Cairter's Corner has to be a definite choice!
  5. Oops! It was so big I had to cut it down to upload it
  6. I think you are not grasping the fact that if You invested £600k of your money today, you could safely assume that you would get upwards of 5% return per annum on that amount money, which over 10 years in simple terms would earn £300k in interest, plus the interest on the accrued amount if you re-invested it. I have no axe to grind here, but in my opinion GS is the most connected, driven and passionate chairman in British football, to take on the role he has within the club as it exists, and help fund the buyout to allow us to realise our future dreams, is truly awesome, and he's doing it all at the coal face. (Ann Budge is similar, but she has more wealthy fans around her, and her financial involvement in percentage terms of her wealth is a lot less). Tell you what, give GS a call and tell him you will split the burden with him. After all there's no risk on that side, as the Trust has all the risk.
  7. Come on! Do you really think that all the risk is with the SMISA shareholders? Any of us can cancel our DD's today - end of risk. GS has put in >£600k out his own pocket for ten years with no interest being paid back. God forbid something catastrophic happens down the line, who has all the risk? The accumulation of funds to buy the shares, the timescale in which it is done, may have stated targets, but we all know in reality, things change, shit happens, and we will only own the club when we get over all the hurdles. You are missing my point on the original SMISA funds. I know they were used to pay the deposit, but they were accrued outwith the newly formed BTB movement, so it could be argued that the original money, once we gather sufficient funds from the 1300, could be looked upon as suitable and proper to use against the rolling facility, in other words justify the right to be able to have the facility.
  8. Thanks for that NES! Think The USH can now be taken off the debating list!
  9. 1/. If theTrust was lending to someone or organisation outside the club, then I would expect to be consulted on it, but if it lends to the club which it owns 28% of at present, I am not sure that is an issue - certainly not for me! Can you legally state that the constitution and governing legislation have been broken? 2/. Also don't have an issue with the loan being unsecured as it is to our benefit as we are part owners of the benefit derived. My understanding is that GS is not adding interest or value to his shareholding, so it works both ways surely! I have no issue with the committee spending our money on an office, expenses, equipment, etc. as long as it is clearly stated in accounts. What I would expect is openness in producing accounts and minutes, but there is not a business or organisation in existence which gets everything right from day 1 - people need to learn new skills, understand the complexities of the type of organisation created, and that they are involved in, and develop and grow into their roles. HMRC, Companies House, Charity Boards, and all other legal regulators will give time, grace and helpful advice and encouragement to new organisations to bed in to their roles and duties. 3/. SMISA funds prior to the buyout were the property of the 200 or so members at that time, so I assume it was the goodwill of those members that their money was added into the pot, and you could argue that it is that money which can be used to fund the rolling loan facility in the future, as funds build up to pay off the old board and start to buy back shares from GS. 4/. Additional parts required to complete the repairs to achieve Full working order?
  10. Haven't read through this thread, but I take it is the case that if we have loaned £15k to the club for USH repairs, and have a rolling facility to loan the club 50k for contingencies and emergencies? If we at present own 28% of the shares and are in process of buying the remainder, then in fact we are lending the money to ourselves, no? You could be critical of the fact that we do not at present own the remainder of the shares, but surely it is sensible to try and protect and nurture the asset you are buying, rather than risk potential problems which may lead to unknown damage or loss of control of the club in the future. As an after-thought, I presume the £15k would be considered within the £50k rolling facility? i.e. they wouldn't loan out more than £50k at any one time? Also, was there not that amount in the SMISA coffers before the buyout started?
  11. Just past 2021 and noticed this being delivered for next season. IMG_0711.jp2
  12. That was my memory of it!
  13. What match? When? Where? Is this Friday?
  14. If Mallan or Morgan were the interest of clubs in our premiership, I know they wouldn't be loaned back as both are good enough to hold down a first team place in any club with the possible exception of Aberdeen and certainly Celtic. My reasoning is on the basis that both these guys are good enough to be considered by English championship clubs, but on a squad member level. Just feel in that scenario it would benefit the buying club and the player if left to develop under Jack and James in our now very positive environment. Regarding McGennis, not 19 till August, I think he is one of the most promising talents to have surfaced not only at our club, but in Scotland in the last number of years. He has the skill, the pace, the determination, and the intelligence to develop into an all round polished player at the top level. It would not surprise me if a club down south show an interest in him this summer. With the Academy under Allan, and the undoubted support and encouragement from Jack and James, it seems we now have a credible platform to produce home bred talent to to bring future success to the club. From his time here as a player, Jack Ross knew when he took the job on that our club had both the tools and the potential to grow, and would give hime a great opportunity to progress as a manager. We are now nearer a repeat of the heady days of Fergie than ever before.
  15. Has it taken from Saturday until now for your brain to process that into a forum post?