Iael18
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Posts
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Iael18 reacted to pozbaird in Are You Going To Sign Up To Join #buythebuds At Smisa.net?
Agreed, and I've signed up. If there aren't 1000 sign ups at £12 a month and it fails to launch? What can I do? Same as everyone else, finally accept that St Mirren simply do not have a big enough fan base from which to raise enough numbers to back a fan ownership scheme. 10000hours didn't launch, and SMiSA/GLS may not either. I don't forsee a third 'fan ownership' scheme arising from anywhere, any time soon at least.
It would be disappointing, but frankly, all I can do is sign up myself. St Mirren is not the most important thing in my life, not by a long shot. If this fails, life goes on. I backed 10000hours, I am backing SMiSA/GLS. If this fails, fcuk it, I'm off for a pint and a game of golf.
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Iael18 reacted to shull in Legends Hall Of Fame
Congratulations Sir
Well done and well deserved.
Speech?
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Iael18 reacted to pozbaird in Legends Hall Of Fame
The Vanzy, Basher & Rankin single-malts are braw.... Aged three years.
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Iael18 reacted to HSS in Legends Hall Of Fame
Some nice stuff there mate.Where did you find that little treasure trove?
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Iael18 got a reaction from shull in St Mirren V The Sevco Fc 2012 Championship 1/5/16
I'll be there!
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Iael18 got a reaction from faraway saint in St Mirren V The Sevco Fc 2012 Championship 1/5/16
I'll be there!
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Iael18 reacted to Callum Gilhooley in Are You Going To Sign Up To Join #buythebuds At Smisa.net?
Cant agree with that at all . Seven days in & 33% of sign ups achieved ? I`d say thats not too shabby.
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Iael18 reacted to div in Buy The Buds
I actually think that having the floating charge over the stadium is GOOD thing.
Think of it this way. The loan that SMiSA are taking out is for around £360K.
If 1000 members all pay £12 a month, of which £10 goes towards the loan repayments, then we'll be paying £10,000 a month in repayments. If the loan was interest free (which I am sure it won't be) then it would be repaid in 3 years. With interest it will be a wee bit longer.
Now, the main criticisim anyone has of a fans monthly membership direct debit scheme is that fans get pissed off after a while and cancel their direct debits.
Can you really imagine a scenario where hundreds of fans would deliberately cancel their direct debits knowing that it placed the very future of the club at severe risk?
Similarly even if that very unlikely scenario unfolded do you also think someone who has just pitched in £600K of his own cash would sit back and allow the stadium asset to be taken?
And finally, I am sure the lender would be quite happy to extend the loan period rather than try and realise the value of a football stadium that is worth next to nothing unless it's used as a football stadium. The land it's built on is worth next to nothing!
I think the risk here is miniscule and unfortunately no lender is going to pitch in £360K unless it's secured somehow.
For the sake of a period of a wee bit more than 3 years it's a small risk that's worth taking IMHO.
I'd still really like to know who the lender is though.
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Iael18 reacted to Lord Pityme in Buy The Buds
Approx £350k charge on an asset valued at over £9million......
Of course if you Have a better way of raising the funds I am sure Smisa are all ears!
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Iael18 reacted to Drew in Buy The Buds
Who owns the stadium outright? Oh, and there is the less than small matter of who will own it if this bid fails and another is successful.
Sorry, but I think your reasoning is flawed, here. The security will be approx £350K, unless I'm very much mistaken. Against a stadium valued at significantly more than that, the risk isn't prohibitive.
How else would you propose the loan should be secured?
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Iael18 reacted to gazmc83 in Buy The Buds
Dougie Henshall & Chris Brookmyre , also few ex players retweeted support ... probably our most famous sign up so far...
I agree word of mouth is key , tell everyone and anyone who has a St Mirren connection! hopefully with a big Away support on Saturday this can help momentum and get us over 500 mark over the weekend
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Iael18 reacted to Drew in Buy The Buds
I think a hyped media press event with the likes of Brookmyre and/or Henshall is required. Standard stuff. Make it into as much of a circus as possible, and extend invites far and wide.
The concern must be that as times passes, uptake will tail off. A real sense of urgency must be injected.
I'm not suggesting that these things haven't been considered or aren't pending, but we need to be bombarding anyone who might be remotely interested with information and the urgent requirement to act.
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Iael18 reacted to Stu in Buy The Buds
What Stuart is saying is he's happy to put in his £24/£25 a month, however he wants to know if it is better for SMiSA that it is done as two £12 a month subscriptions so it shows lenders there are two backers instead of one.
Apologies if I'm going over ground, looked like some were struggling with it.