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St. Sid

Saints
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Posts posted by St. Sid

  1. Let me explain...Div said he KNEW of other bids when we were saying they might be made up. Davidg said a current board member would stay if the American bid was successful....They are closer to the wheel than us ...so If you are not where they are and are like me and have no Info then speculation Is all we have. ..My previous post stands on the general Info and 10000hrs will be In place next week.

    Everything should be taken with a pinch of salt. There's a lot of vested interests in 10000 hrs. Both are in fact being creative with the "facts" as some people know them. There aren't three tabled bids. My understanding is that there is still only one fishal bid on the table - the really shite one from 10000 hrs. Davidg's assetion that a current board member will stay on if the US bid is successful is only partly true. There will be a warm handover, which means that most if not all of the current BoD will be in play for a few months along with the new owners and their team.

    The press release / leak has come primed with the usual dodgy "facts" intermingled with the ",but I'm prepared to see what is in the new bid" bollox. Make no mistake 10000 hrs are trying to force the hand of the selling consortium into accepting a bid that is underfunded. It's all shite, underhand political bollox and should be given no credence whatsoever.

    10000 hrs should shut the f"k up and give the selling consortium the time and space to deliver the best future for St Mirren football club, its fans and the wider community. 10000 hrs is not the only show in town. However, the alternative bid is not the shady east european / craig whyte scenario that has been getting peddled by 10000 hrs to try and frighten fans into ignoring the lack of substance to their own bid.

  2. The stories well off the mark based on the statement from 10000 hrs. They claimed they had bid £1.25M and gave zero details on how the payment was actually made up. The £1.5M over three years was the rumour about the US based bid. From the last time 10000 hrs actually gave any detail on their bid it was basically £500K from Bii and deferred payments for the rest over a number of years paid for by fans direct debits and as yet unexplained income from CIC initiatives.

  3. Quality meltdown by pozbaird...those gingy's really are tempreMENTAL. lol.gif

    Highly amusing that the online marketing weigh in with nonsense about how they'll be demanding information from alternative bids as if its got anything to do with them. This is a business transaction between a selling consortium and a bidder meeting their asking price. There is no fans cash involved so like it or not it's got f"k all to do with the online marketing. You either continue to buy your season ticket or you f"k off in the huff like StuDickson because it didn't go the way you wanted it to.

    10000 hrs could have been great for the club when the £750K grant funding was there. That grant funding was the foundations of the entire project. When that went 10000 hrs was in quicks and clutching at straws. Fans have to be applauded for their backing of the scheme to the last...but its time to look at it with real world eyes and realise that the financial strength to take the club forward just isn't there.

    The selling consortium as they have always done since the creation of the 52% shareholding have complete control over the future direction of the club. They could have settled for the few sheckles that 10000 hrs had managed to scrape together and left the club genuinely in the shite.

    It is time for the 10000 hrs marketing team to give it a rest and let the selling consortium get on with the difficult job of securing a bright future for the club, its fans and the wider community. St Mirren Football Club is more important than the personal ambitions of a few committee types. As 10000 hrs very well know there are stipulations in play for all bids for the club. There is a requirement for growing the community side of the club as well as a requirement for fans involvement. Selective hysterics from the usual suspects. Stop trying to mislead your fellow fans.

  4. Pure speculation on my part... why are the 10,000Hours team still there? answer: partly because there isn't a queue of local businessmen looking to invest in the club, partly because their bid is still live and partly because no one from the consortium wants to be club secretary or commercial director and someone needs to fill those positions?

    This post rates you lower than clown shoes. Cannae believe none of you hasn't worked it out yet. Its like watching New Tricks with the sidlettes.

  5. If the two other bids are only 'imaginary', 'rival' bids to generate interest in 10,000 Hours and 10,000 Hours don't have the readies then where does that leave SG and the consortium 3 years on from putting the club up for sale?

    I await St Sid's balanced and insightful considerations with interest.

    Even a clown shoes could work out what is going on now. 1eye.gif

  6. Douglas Street is the holding company where the selling consortiums shares are currently all held.

    This is common practice in such a sale where the shares are being grouped up to form a majority shareholding.

    It is done this way for administrative reasons, so that all 52% can be transferred/sold in one go.

    This is indicative of the poor communication regarding the "process" that fans aren't allowed to question. Rather than just trot out that it is common practise why not provide a link to information that confirms the common practice and provide some examples to help fans understand. Instead it just reads as arrogance and doesn't really address concerns that are being repeated and read ad nauseum.

    The handover process for the club has never been outlined proprely for fans who I would imagine will be absolutely bricking it at that point, just as we were all very nervous when the first soil was broken at Greenhill Road.

    Fans aren't stupid; however the communication from 10000 hrs is.

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