Joint Statement
The fans bid for the club through the 10000Hours CIC was tabled yesterday afternoon to the Selling Consortium at a meeting which was held at St.Mirren Park.
Following that meeting both parties have issued the following joint statement this morning;
Joint Statement From 10000hours CIC and The selling Consortium
Following that meeting both parties have issued the following joint statement this morning;
Joint Statement From 10000hours CIC and The selling Consortium
Representatives of the 10000hours CIC met with the selling consortium yesterday afternoon and presented an offer to purchase the majority shareholding in St.Mirren Football Club.
The bid which was tabled is subject to certain conditions relating to the commercial revenues on which the club currently relies to enable it to compete in the SPL.
This revenue is currently surrounded by uncertainty given events occuring elsewhere that are beyond the control of either the CIC or the selling consortium.
After long and productive talks it was agreed by both parties that it was prudent to wait for clarity surrounding the commercial revenues of the SPL before committing to any potential deal.
10000hours therefore encourage all fans who have engaged thus far to remain positive and continue to raise awareness and support for the fan buyout of the majority shareholding.
The selling consortium are pleased at the level of support the St.Mirren fans have given to the 10000Hours bid and acknowledge that a fans group that is now 1,000 members strong represents a very powerful voice within the football club.
As such the Board of the football club has agreed that such a wide supporter base provides a useful conduit to consult in relation to the NewCo debate which is currently the cause of much concern amongst the St.Mirren support.
It has therefore invited 10000Hours to gather opinion and comment from it's members with regards to the Newco proposals as they become clearer and to pass those thoughts formally onto the Board.
The bid which was tabled is subject to certain conditions relating to the commercial revenues on which the club currently relies to enable it to compete in the SPL.
This revenue is currently surrounded by uncertainty given events occuring elsewhere that are beyond the control of either the CIC or the selling consortium.
After long and productive talks it was agreed by both parties that it was prudent to wait for clarity surrounding the commercial revenues of the SPL before committing to any potential deal.
10000hours therefore encourage all fans who have engaged thus far to remain positive and continue to raise awareness and support for the fan buyout of the majority shareholding.
The selling consortium are pleased at the level of support the St.Mirren fans have given to the 10000Hours bid and acknowledge that a fans group that is now 1,000 members strong represents a very powerful voice within the football club.
As such the Board of the football club has agreed that such a wide supporter base provides a useful conduit to consult in relation to the NewCo debate which is currently the cause of much concern amongst the St.Mirren support.
It has therefore invited 10000Hours to gather opinion and comment from it's members with regards to the Newco proposals as they become clearer and to pass those thoughts formally onto the Board.
Comments
will St Mirren be leaders or will they hide and hope they don't need to say anything.
it is time to stand up and be counted the tax dodgers have been up to all sorts of nonsense
not paying their taxes it would appear is the least of their worries . they got away with cheating for the best part of a decade.
allegations about double contracts, false accounting,not giving the footballing authority's (SFA & SPL) true information
YOU NAME IT THEY HAVE DONE IT
it is time for this club to grow a pair and stand up for what is right and proper no more meally mouthed statements
Matts dad
We can`t let someone in that broke so many rules even if we lose some potential revenue.
10,000hrs!!!! draw it to a close NOW and move on.
extension in one final (?) attempt to gain Business and Community group support, which after more than 2 years
continues to fall short.
> 'to wait for clarity surrounding the commercial revenues of the SPL before committing to any potential deal'
The attempt to disguise this further extension by blaming the Newco vote is laughable, condescending and
humiliating. We are not mugs. Are we to believe that when the 72 hour extension was granted on Monday that
the parties involved were not aware of the newco situation? FFS! We deserve better.
Let's have some straight talking guys. The issue here is the lack of up front money. Just say it rather than hiding
bnehind the newco turmoil.
Are the board living on Mars? Is it NOT clear what the fans think? Why waste time on this, unless it's to make us 'members' feel warm, cosy and valued. Like getting a friendly pat on the head. "There there children, here's a sweetie for you".
surely the vote on this site is more than clear enough?
yes there is uncertainty but it is by no means as much as some would have us believe.
remember at this moment the ugly 2 get 80% of the sky money now is the time to sort that out so that if sky come back and say they are cutting how much they are going to pay the spl the first cut is of what the old firm get and with only 1 of them in the league a bit of wealth redistribution is in order. if they don't like it great they can walk as well !
The fans were let to believe that a decision would be made on Thursday and they have just been shi t upon yet again.
We then get this sham of a joint statement telling us they want to wait for the newco situation to be clear.
What? The board and CIC didn't foresee this on Monday?
Worse, Div then defends the joint statement. Sad days for B&W Army.
Secondly nobody whipped anyone into a frenzy. We said the bid would be tabled yesterday. The bid WAS tabled yesterday.
Thirdly, it's not a "veiled threat" of another bidder. There are TWO other bidders. Fact.
Fourthly, nobody has had a penny taken from them, the fans were asked to back the deal and 1,000 of them have done so, but no money has left any accounts.
We are custodians of 1,000 peoples hard earned money, yet you think we should charge in and spend it on a business that has no idea of what it's revenues will be next season ?
And lastly whatever I say personally matters not a jot, I am allowed by own opinion I would have thought ?
The comment about the veiled threat of other bidders was not questioning the reality of the bidders, but rather the fear that this came with in terms of their threat to our club.
Bottom line Div, it's clear you care and back the CIC. Despite it all, it still gets my backing if you support it. There won't be many on here with as much passion for St Mirren as you. Take it easy.
Apart from us formally submitting the revised bid you mean ?
I wrote the article that said we had 72 hours to do the deal. to get the best numbers we could before Thursday.
That is exactly what happened. The deal WAS submitted on Thursday.
If either of the parties vote yes i am finished with Scottish football
They are now sounding worse than the SPL and the SFA by making cheap excuses for delaying the final decision.
Is it not obvious that the funding is not fully in place and they are stalling and looking for excuses amd hoping that some "fairy gog mother" will come out of the blue and put up the funding that they are not prepared to put up themselves.
The whole exercise is a complete disaster and deserves to fail even though several fans hace been conned into parting with £1£10 a month
The most important decision to be taken is to vote to have Rangers in the 3rd division.
Once our Board have made that decision then I will know the trully have the future of Saint Mirren at heart
The
For me I will be writing before the vote on the 4th July. No to the NEWCO and NO to 10,000 hrs.
This is another fudge as they knew what was going on weeks ago.
For me this means that Stewart Gilmour will no doubt be voting FOR RANGERS as this will be possibly better for the SPL.
This definately not what the fans want.. He must stand up and be counted along with Hearts, Dundee Utd etc.
He MUST show that he is a TRUE BUDDY and not a Rangers lackey
After this season with most of the first team out of contract we would be able to cut our wage bill according to the adjusted revenue situation.
That is what is likely to happen (in my opinion) but the problem is that nobody can be 100% sure and it is that uncertainty that has parked the sale.
I don't know anything about the other bidders other than they do certainly exist and they are bids from outside of Scotland.
Whether they are a threat to the club is entirely unknown, they might be ready to pump millions into the club for all I know.
Right now I do not trust them to do the right thing for Saint Mirren as they are only interested in feathering their own nests.
That is why the consortium cannot be trusted. RA is trying to take over the club for nothing.and is not being honest with the supporters.
I do not know with whom SG will conult before voting but he must stand up and be counted and vote "NO"
When will our chairman have the guts to stand up and be counted and also declare that he is voting for the expulsion of Rangers?
This is what the Saint Mirren support want........... or are our opinions etc of no relevence to SG and the board.
Come out Stewart Gilmour and declare yourself.
Or is the Richard Atkinson "con" swaying his thinking
What about our chairman ? When will he declare what he is going to do ?
I cannot believe that he so much in Rangers' pocket that he refuses to make it known what he is planning to do.and I fear he will suck up to them in order to feather his own nest should that disasterous 10000 hours take over win the day.
What have Rangers ever done for Saint Mirren? They were happy to leave the Premier Division and go and play in England without a second thought for those clubs left behind.
So now they will have the pleasure of leaving the SPL and playing in the 3rd division and guess what............ we will not give it a second thought either.
JUST REJOICE !!
He has done nothing and also sat on the fence over St Mirren's takeover and by being non commital and knowing what he did know he still led everyone to believe a decision would have been made last Thursday. He has lost any ounce of decency that he might have had. It takes real men to do what the other six have done whilst our chairman sits on his hands probably worried how it will all affect his own pockets.
It is disgusting and how could you possibly trust anyone like that.
Also I do not believe that Sky and ESPN will dump Scottish Football as if they do then they will be finished for good when the "New Rangers" eventually get back into the Premier Division..
As for Stewart Gilmour I am quite disgusted that he has not declared his intentions especially when it is so obvious what the supporters have indicated what they want.
Has he forgotten that the supporters are the backbone of the club............... forget the 10000 hours fiasco.
I think RA is going to turn out to be a bigger con merchant that Craig Whyte.
Into administration ?? We have, at present, no debts, we are solvent so why would RA talk about Administration............. unless he has some dirty plan up his sleeve.
It appears that the consortium are over £250,000 short of their target and the £50,000 that the Council are thinking about will make little difference ............... unless the present Board drop their asking price. Can you imagine a member of the council sitting on the Saint Mirren board.?
That spells disaswter for the club.
Still waiting to find out how Saint Mirren are voting....... I hope SG does not embarass us all by voting for the cheats.
Should we or can we trust the SFA to look into this 10,000 hrs deal? Should we contact UEFA about what is going on? Does anyone official have any integrity to be approached????
Lack of integrity and greed = this link sport.stv.tv/.../...
We now read that everybody is bending backwords to accommodate "the cheating bxxxxxds" in the 1st Division. I do not remember all this fuss being made when Livingstone or Airdrie went into liquidation. Hopefully they will receive the punishment they deserve.
I am sure SG and the board read these pages and I just cannot understand why none of them have the guts to reply to our comments etc on the current situation.
Why does the Editor of the Black and White Magazine not interview Stewart Gilmour on this subject and then publish a report of the interview on these pages.
It advises that SG had a private meeting with the Rangers Management etc and advised them that they would be voting against their entry into the SPL but I bet some other concessions were agreed with the CHEATS.
Why did SG have to go crawling to Rangers, unlike other chairmen of SPL clubs, and why could he not come out into the open and say "we are voting against.
Hopefullt he will also vote against the 1st division and send them to the 3rd division.
I bought my season ticket before the end of May !
I just do not want to see the cheating Rangers again for at least 3 years!
I hope all the other Saint Mirren supporters feel the same.
We MUST support the team and buy season tickets and encourage as many supporters as possible to do the same
If income is going to fall due to the demise of Rangers then we must make up the shortfall.
Instead of giving £10 a month to that con merchant, Richard Atkinson,. so that he can take over the club without putting his hand into his own pocket, I would be very willing to give £10 a month to Saint Mirren to make up for the reduced income from Sky etc.
But not a penny until I know that RA has been forced to abandon his rediculous take over and left the premises.
BUT THAT IS E RECIPE FOR DISASTER AND IS SHORT SIGHTED
We need to look at the wider picture and go for players that will make us a stronger team that will, at least, end up in the top 6 next season.
Does Danny Lennon not realise that if every other team is hanging back .and not signing new players, the market is open and that this is the right time for us to go into the market and make some meaningful signings. Can you imagine the mad rush and stampede there will be the minute the SPL, SFL and SFA make their decisions.
And even now at the 11th hour we learn that no decisions will be made today !
Maybe by Xmas !!
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