BLF

These puns will soon ware thin....

Will be trying to stop you searching for freeware or crackware - if its a work comp they're not keen on you downloading this stuff as its only 'free' for non business use.

Instead we've ended up with a dancing baby.

Bigot. Can GTF.

I also asked it another way earlier in the thread. Div/Richard, this is utterly crucial in getting people on board, the business model has to be clear and robust.

Div, sorry for going over old ground, £900k due on day 1 = 500k from BII + 225k from 1877 club + 175k from 87 club Leaving 86k in the pot and 600k to be paid. Is the plan that in the first 3 years the CIC will make £514k? (£270k from subs + £244k from 'other activities') The loan is then paid off over the next 5 years? What rate is the loan? Is interest applied during the first 3 years?

Haha - assume someone pledged £15 or 25 or something!

If the CIC achieves 1 thing and it's this, it will have been worthwhile!!

I'm a member of smisa and have backed their position throughout this. But as it appears to be going through (and now appears to be in saints best interests, rather than an unknown/unnamed alternative) I feel smisa should be considering taking an 1877 option to both get another chunk of shares in the club and to ensure an exec-membership which will enable them to have an input on the CiC and the club at a reasonably senior level.

Would that count as a second contract?!?

Not just yet!! What's the latest on 87club and 1877club memberships?

Not being pushy, but has anyone had a chance to look at my question above?

Div, thank you for asking my question for me! I will go through this step by step to make sure its clear: £900k is due on day 0. £600k due to the consortium at some future point (what point does this become payable?) Initial payment made up of £500k from BII, + £400k from the exclusive membership clubs. That leaves £86k in the pot on day 0. Monthly subs target is £7.5k (£500k over 8 years at 8% = monthly repayment of around £7.1k). Over the course of the 8 year loan the CIC shold have generated £38k excess from subs + the £86K in the pot from day 0.= £124k Presumably that all goes to the consortium at the end of the 8 year loan, the consortium is then due £476k on day 0 + 8 years. It will take another 5 years and 4 months of £7.5k subs to pay off that remaining debt to the consortium. So on day 0 + 13 years and 4 months, the CIC will be debt free....except for what is due to GLS (how much and when is this due?) Of course I understand the ambition will be to; 1 - generate more money through the CIC activities to speed up the repayments 2 - resturucture the debt at a lower interest rate after a year or two of successful trading

Can anyone generate a quick cashflow for the CIC i.e.: Initial outlay is £1.5m (?) - where does that money come from on day 0? How much is a loan? what is the required monthly repayments What is the term of the loan(s)? What is envisaged as the monthly takings from subs etc?

I would have gone, but I'm in Chicago...appreciate meeting minutes if anyone can be bothered to take them!

Exactly - even souness got more and he wasn't employed by them. Can anyone else see what this payment to souness could have been other than a bung in relation to the tugay transfer?

The revalation that D&P were in on the ticketus deal and that SDM benefitted to the tune of £6.3m without ever puting a penny of his own dosh in were fairly big announcements

I am a member of SMISA and got their most recent communication which effectively stated their reasons for being sceptical. My reading of the SMISA letter is not that they have some smoking gun or piece of info that no-one else does, quite the opposite! The committee don’t feel there is currently enough info for them to fully support the project and are concerned that the focus seems to be, 'get the money in, worry about the detail later'. Smisa have worked very hard over the past 10+ years to support the club in a number of ways, in addition they have amassed £50,000+ of real people’s money, who gave it to them in trust and on the basis that they would do the right thing for St Mirren. There are still questions over the CIC, its operation, its structure and its business plan, SMISA are entitled to wait until these questions have been answered before parting with their cash. Without wishing ill on the CIC, I'd also add, if this goes tits up in some unforeseen way, £50k in the hands of a genuine and hard working supporters association could become a very important lifeline for the club.

This is the scenario that puts me off a fair bit. What you're saying here div, is that if this goes badly wrong, our options are either continue with a broken model or sell to the highest bidder (potentially a forced sale) In that sense, this whole plan is a gamble - it's never been done before, the numbers are estimated and there is not much in the way of a fail safe. I support the aims of community ownership and I am happy we are trying to explore ways to achieve this but if there is a catastrophic failure of this model St Mirren are not protected at all IMO.

Absolutely brilliant - I cannot understand why the scottish government would try to assist someone found guilty of tax evasion.

Nail on the head. r*ngers have cheated lied and stolen their way to numerous titles, cups and have ripped young promising talent from every club in the SPL using money they didnt have. There should be no concessions, no deals or bargaining. r*ngers should be left to rot. All of Scottish football has a choice coming soon - do the right thing or do the easy thing. If it chooses to do the right thing, the game may die, if it chooses the easy option, the game is dead already.

Hopefully today signals the beginning of the end for the most vile and hate filled organisation to exist in our country. As fans of an SPL club, we must ensure that our voice is heard - if this ultimately leads to the liquidation of r*ngers FC, they must not be allowed to directly re-enter the SPL.

Is it possible the "mystery defender" is http://en.wikipedia.org/wiki/Exodus_Geohaghon recently released by Darlington?

you'll have missed my post then: Neither of these posts were answered - there were many more like them - from many different people. Just because you were pro-CIC doesn't mean everyone who wasn't convinced was guilty of poor form. The CIC had many questions on here and elsewhere that were never answered and that was a massive flaw IMO - bleating that no-one really put up a reasonable and fair minded anti-CIC post is just untrue.

(presumably in answer to the topic title... What I take from that is that the guys working on the CIC are not giving up - which is entirely fair enough. However from Div's brief post and the continuing lack of news from TTH I guess they aren't any closer to finalising.