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Showing content with the highest reputation on 02/04/2020 in all areas

  1. I am also struggling to see the benefit of passing part of our expected shareholding to a 3rd party. From my attempts to understand the proposal the summary would be 1 GLS sells some shares early and receives cash early 2 Kibble get a shareholding that was not in original proposals 3 Final SMISA shareholding on completion of buy out will be reduced So how does the proposal benefit St Mirren or SMISA and what do Kibble really get for their cash ?
    6 points
  2. A well known Saints fan says
    6 points
  3. I think you miss the point here - I think Kibble are a great charity and there is no danger of them “going to the wall” As far as I’m concerned it’s not about Kibble it’s about sticking to the original plan that I signed up for and the great success so far which will result in the supporters owning the club two or three years earlier than the limit of 2016. This proposal involves a third party which is not necessary as we can still have a great relationship with the charity as a supporter owned club.
    5 points
  4. No they don't. The odds will alter if masses of money are placed on one team. Where do you think the odds come from before people have placed a bet, the betting fairy? 😂
    5 points
  5. What are the specific benefits to Kibble that would require a 27% shareholding in SMFC?
    5 points
  6. Just wondering. Do we have a B&WArmy website facilitator (div maybe ?) out there who could simplify / interpret / summarise what the chairman's and Kibble's proposal actually does to disadvantage the SMiSA purchase plan (for the lame of thinking like myself) ? I'm hugely interested in knowing what's occurring (with regard to BtB and how the latest developments may conflict with the original plan) but I'm miles beyond confused, particularly by the torrent of abusive posts here. So, WTF is being proposed by GLS that is important and what is just deflection that should be ignored ? THANK YOU.
    4 points
  7. He 100% went into speak to JG on the last day of the window, I assume to seek assurances that at 35 he would be first choice CB. I am not privy to that conversation but it would appear that he didn’t get the answer he wanted hence why he asked to leave. He wanted to get into the hall of fame. At the end of the day there is two sides to every story and the truth is located somewhere in the middle.
    4 points
  8. Why does this "Community involvement" and "enhancement" require a shareholding? I'm all for the outcomes but why the need for shares?
    4 points
  9. If we reject the Kibble proposal, how long would it take to achieve fan ownership using our current model? I believe we are ahead of schedule on the original 10 year estimate. Could we not still form a partnership with Kibble without giving them such a big share of our club?
    4 points
  10. Reducing the overall SMISA share % will be the start of the erosion of fan ownership. When finances are challenged, SMISA would not have the shares to sell if finances were needed by The Club. Sell some of that 51% to raise much needed funds and SMISA (the fans) are no longer majority shareholders. Seems unlikely and a wee bit far fetched. So did Rangers going bust but it happened. Do we really want to compromise our fam ownership model & potentially jeopardise the safeguarding of the club. No thanks for me. The Fans were the ones lorded for this, we undoubtedly have the talent within the support to make this a success without a 3rd major shareholder.
    4 points
  11. Looks tall and rangey. Speaks good English and gives an intelligent interview, saying all the right things about being here. This guy could be a surprise success for us if he plays as well as he talks. Welcome Seifedin! Hope you enjoy your time with the Buddies.
    4 points
  12. The most petty and ill-informed football show on radio!
    3 points
  13. No but it was enough to put out the idea that it was a done deal - for example as perceived by the lads in “Off the Ball” on Saturday Who reported it as such
    3 points
  14. He has been instrumental in bringing this to the fore and encouraging debate and thought. No bad thing. No matter whether you agree with his point of view. After all. This IS a very significant deviation from the original plan.
    3 points
  15. Is it better if a current SMISA member asks the question? Aye... we thought we already had an agreement! (Legally binding too) What this proposal proves is nothing that was promised is certain to happen. I'll go a wee bit further and say, LPM said as much a year or 2 ago & it was met with derision and here we are.
    3 points
  16. Why didn't smisa come to its membership first to ask "do you want us to seek out a Best Fit partner to invest in the club when we acquire Scott's shares"?
    3 points
  17. me too. If I lived local, I'd be in the thick of it. Instead, I have to content myself with starting up my own football club (youth), now 8 months old . On second thoughts, probably better for SMISA that I am 500 miles away
    3 points
  18. I agree. We shouldn't be prevented from buying new shares issued. I also agree, that if it came to it, existing shareholders (within the 21%) could proxy their vote to SMISA but that'll only happen at AGM's & EGM's. In between times, the St Mirren FC Board will discuss and vote on matters and the running of the club. 2 board members out-with SMISA dilutes SMISA's influence in the decision making and (imho) is jeopardising The Club needlessly for a wee bit of flash "Kibble has the expertise" When BTB was introduced to us, there as no need for Kibble' expertise then & I believe, there isn't now. I have faith in the talent within the SMISA membership to make a success of this.
    3 points
  19. Tomorrow could be a big night for us if we beat Accies. If St. Johnstone and Ross County both lose, we will jump two places to eighth. County are on a poor run, so Livvie winning in Dingwall is a definite possibility, I'd say. Dons v St Johnstone is more difficult to predict as the Perth Saints seem to be finding some form and Aberdeen are below their best, despite getting a draw at Ibrox at the weekend. In addition, we really need the three points to keep ahead of Hearts who seem to be improving under Stendel and look likely to get some points at Tynecastle against a struggling Killie. But Buddies should be confident given Saturday's result plus the addition of our new players. Let's get McGrath, Jakubiak and Chabbi on the pitch and see what they can do. So, as always...….COYS!!
    3 points
  20. Baird believed that he was coming back and frankly I thought that would be a wsie move, given that we were playing a midfielder and a FB at CB due to injuries and only having 3 CB's before the window. We did get away with it well, but was it not a bit risky? AND now we are in that same predicament - 3 recognised CB's . Personally I think it is worse this time as this is the part of the league where the prizes and relegation are handed out. We are now stuck with 3 or with bringing an out of contract CB in - I do hope it does not come back to bite us... And it was only my opinion that Famewo would be 4th choice. Did anyone else expect him to be 1st or 2nd choice? Given that Gary is injured and our other CB has left - it is no surprise that Famewo has played in every game. Actually he is far better than I expected - my opinion of his ability to slot straight in was wrong - it does not mean I should be hung drawn and quartered for having a wrong opinion. You have posted things which did not happen either (e.g. "5 in and 3 more out tomorrow") When Famewo signed on loan, did you honestly believe he was going to play every game, if you know who had been fully fit (and not left us) and Gary had been also ? Anyway, we all surely want St. Mirren to do well !
    3 points
  21. Not if SMISA votes to accept something else-that is the beauty of the way this has come out. SMISA get entranced by the shiny bauble of a whole two years movement on the sale but miss the flash of the silvery dagger that is Kibble's entry into club affairs
    3 points
  22. https://www.dailyrecord.co.uk/sport/local-sport/jim-goodwin-backs-new-striker-21426049
    3 points
  23. That's not a response to what I said? If 5he context is irrelevant why comment on his reaction to the context of the announcement. As I said he bangs on about a lot of shite a lot of the time, but he doesn't appear to have have a turn around on community benefit. The issue I'm commenting on is his issue with who provides it. Which IMO he's been consistent on.
    3 points
  24. In fairness to the guy as much as he bangs on, I don't think he has. He has argued that smisa/smfc should be doing it since the start. Another company coming in and doing it is not the same thing.
    3 points
  25. I think some posters need to take a step back and consider their posts on this thread. it seems more important to some to attack LPM, or to try and trip him up, than it is to critically analyse the Kibble bid and comment on the merits of it. LPM may talk in terms of opinion and be driven by passion for the club, but he is still taking the time to critically question the merits and virtues of the bid. Maybe, if we did more of that and less of having a go at someone purely on the basis of personality, we could cut through the spin and vagueness that marks this bid out as, at least, highly questionable.
    3 points
  26. SMISA will have the funds to be able to complete the purchase in 2023 and they could collaborate with Kibble for the mutual benefit of both St Mirren & Kibble without having Kibble own 1 share. If GLS is needing the finances right now (I am not saying he does), SMISA has the funds to purchase the 27% right now & could be asking the membership to do this instead of Kibble.
    3 points
  27. SMISA can still complete the purchase in 2023 but maintain membership monthly subscriptions and build that rainy day fund. After the buyout, members will need to continue paying whatever the agreed membership fee is, to maintain membership of SMISA.
    3 points
  28. You said he'd "agreed"to a 10 year deal. That implies a whole 10 years. I have just merely pointed out, that "agreed" is not a definite 10 yearsand also pointed out, the agreement clearly states "within 10 years" Alan Quinn showed me figures, SMISA' financial projections. SMISA will have the finances to buy GLS out in 2023. In their attempts to dissuade me from submitting my proposal, Alan Quinn & Colin Orr also said SMISA didn't need to complete the purchase in 2023 but continue collecting monthly subs from the members to enable finances to grow. Less than 12 months since the SMISA AGM & some work has been put into this proposal for Kibble to purchase 27% of the shares and goes against their counter arguments last year. 2 proposals in 1 year. The 1st needed 2/3rds of the vote The 2nd apparently only needs a majority of the votes. It stinks to high heaven.
    3 points
  29. Always sad to see anyone ( except terrorists obviously ) pass away, a dad/grandad/partner/brother etc or indeed if it’s female the family equivalent As Buddies however, it’s effectively one of ‘our own’ Supporting St Mirren is different to any relationship that you will have. Partners come and go, jobs , friends , neighbours etc Saints can make you happy/sad/elated/frustrated ( usually in the same game ) but unlike any relationship you ever have, no matter how they make you feel, your team will always be your team. Nice farewell RIP buddie
    3 points
  30. If Durmus is anything to go by - we should be sending Gus on an extended holiday to Turkey
    3 points
  31. Will the club require to abide by any rules or regulations once a charity / not for profit organisation has a 27% shareholding in the football club? Are Kibble permitted to make a profit on their investment if the club gets into Europe, or receives a large transfer fee for a player?
    3 points
  32. oaksoft

    Kirk Broadfoot

    I can't read this thread without laughing. I know people are trying to sound angry but this filter thing is f**king hilarious.
    3 points
  33. Get yours to do it! you keep boasting about that jersey.....
    2 points
  34. People love a drama. 😉
    2 points
  35. At the end of the day does it all really matter. He's history.
    2 points
  36. Maybe the club should come out and say exactly what transpired? The fact that hasn’t happened (that I’ve seen at least) seems a bit strange. • Did Kilmarnock contact the club regarding Mr Wank Broadfoot’s availability? • Did Kilmarnock pay a fee? • Did Wank Broadfoot buy out his contract? Ifs buts and maybes, but at the end of the day he wasn’t getting a game so no great loss IMO. We move onwards and hopefully upwards?
    2 points
  37. I want St Mirren to sign Will Grigg purely for this.
    2 points
  38. Oh yes.. wouldn't be surprised to see Scott sell off more of his shares to smisa once this goes through. What will smisa's line be then? "We need a 59% shareholding to be fan owned" The crucial issue in all this is the smisa committee should never have even got involved before asking the membership "do you want to see over a quarter of the club in the hands of a third party"? Then, and only then, if the membership indicated they sought that should smisa seek out The Best fit partner, not the mob who have been trying to weasel in for years!
    2 points
  39. Cheers, EAB. As Jim says, "There are no more excuses...".
    2 points
  40. This is genuinely the first time I have hoped that the bookies are right . . . and we deliver the 3 points to take our lead over them to 6 points. That would do nicely
    2 points
  41. Go down well with the Ralston residence if the kibble kids run riot at the academy base.
    2 points
  42. One thing that annoys me is when people claim they are speaking for the majority. Unless they have conducted a survey then they are not. They can only relate their personal experience and what they have personally witnessed or be able to provide proof from other sources. I made my point and move on
    2 points
  43. Putting money into SMISA is not the same as contributing to club finances-if you want to split hairs.
    2 points
  44. To be fair to him I did post a week past Friday that Killie had been In touch with him but I didn’t think it was a possibility. Please don’t ask who the source is as I won’t name the person, but believe me I was disappointed when he left
    2 points
  45. Completely incorrect! There is no mention whatsoever of the £2 pot on the smisa constitution. So it did not require a 2 thirds majority. In fact it only needed to be included in the actual £2 quarterly vote as an option! The society welcomes members ideas for options on the £2 pot.
    2 points
  46. Tommy

    Kirk Broadfoot

    No questions from the reporter about all the good things wank eggfoot said about Saints when he signed up for us.
    2 points
  47. Well known by anyone who knows me that I don’t bet. So, once I get one of sons to show me how to place a bet [emoji2] ( truth ) putting £10 Saints to score 5. ( if that’s something that you can do ) We will run riot this game Ps; no midweek swally was consumed during or before this post. [emoji2]
    2 points
  48. At least you spelt Besiktas correctly.
    2 points
  49. And as a supplementary question... Would those same benefits be available under a "trading partnership" without a shareholding? If not, why?
    2 points
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