Presumably whatever percentage they decide to give to St Mirren. While it's not ideal I think the point is if we get 50% of the profits from 100 weddings/funerals/parties it's more than 100% of 10. I don't know exactly what the figures are for percentages, or how many events we currently have and we plan to have, but I think the point is having a decent cut of a lot of money is better than having all of a small amount.
I think the additional steams of business aren't so much that the current board can't think of them, it's they can't afford to implement them without either putting themselves or the club into massive debt (i.e., the bar (which I assume is a necessity for most events) costs over £100,000 and the current board can't afford that, while under the CIC we can get it for much less by working with Kibble, and get the rest paid initially by a grant which wouldn't normally be available to us.
Yes we do. They've already said publicly that the maximum amount of debt is 1,200,000 so we're getting at least 40% as grants. From what I've read this is a conservative number, so it's possible we could be getting more grants. The loans take between 3 and 10 years to repay with interest rates varying from 0 to 8%.