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I would also quite like to know what will happen to the CIC money after the debt has been paid off. Exactly how much of the £10 a month will actually go to St. Mirren?

I agree that there is not much risk associated with the club borrowing money. But by signing up corporate clients the CIC appears to be competing with the club for revenue. (If not investing in CIC these companies may invest directly in the club.) In addition the CIC want to use the clubs 'under-utilised assets.'. The club could do that itself, several examples on this thread of other clubs doing that. That is more potential revenue that the club will lose out on. Although the loan will not be secured on the clubs assets it will probably cost the club money (as they will be competing for sponsorship with the CIC). I imagine the turnover of the club may be affected for the next ten years it takes to pay off the CIC loan. This amount of money could be the difference between playing in the SPL and the SFL....

Question: By recruiting corporate members (and to a certain extent community members) are the not competing with the club for the same pot of money? In other words, would the businesses that sign up for the CIC not have used the money to directly sponsor the club anyway?

Question: The CIC intends to use the under-utilised assets of the club to generate extra revenue. Why can't the club do this by itself? Then more of the money would go directly into the club rather than to pay the debts of the CIC. Would the CIC be better placed to exploit the under-utilised assets than the club itself?

Only the Club! I'd have thought that you'd have bigger plans in mind!!

What I can't get get my head around with this whole process is this. When the current board took over the running of the club, it was about £2 million in debt. After all the extremely hard work to get the club out of debt, the directors then sell their shares for £2 million, which require to be purchased with a loan. Does that not get us back to square one? And negate all those years of hard work? I do appreciate that it is not strictly speaking the club that is saddled with this debt. However I assume the CIC will be restricted in the amount of money it can invest in the club as it will be repaying this debt.

My current question for the CIC would be By recruiting corporate members (and to a certain extent community members) are the not competing with the club for the same pot of money? In other words, would the businesses that sign up for the CIC not have used the money to directly sponsor the club anyway?

I'd like to add my thanks as well. Excellent summary! What was the mood of the meeting like? I assume that the CIC are quite confident of success? Were the audience convinced by the presentation though?

Is it not the length of time that has elapsed since St. Mirren last played a game where we didn't concede a goal in injury time....

Any idea of the timescale? Before the end of the season?

Best 1999-2000 worst 1994-5 half black half white

Well if he was third choice at Blackpool, I'm not sure he would really have made much of an impact.