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Everything posted by dumbarton_bud
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Sell Now (Hladky) or Jam Tomorrow?
dumbarton_bud replied to Lord Pityme's topic in General St. Mirren Discussion
Fair enough. Not going to lie, my main experience is reading Trust and Foundation accounts where reserves are a bit different, usually as there's no fixed assets. -
Sell Now (Hladky) or Jam Tomorrow?
dumbarton_bud replied to Lord Pityme's topic in General St. Mirren Discussion
It's not £9m in cash, I'll grant you. But it is £9m in liquid assets that can be converted to cash in the case of an emergency. -
Sell Now (Hladky) or Jam Tomorrow?
dumbarton_bud replied to Lord Pityme's topic in General St. Mirren Discussion
Do we really? A quick look at the last financial report indicates we had reserves in the region of £9m at the end of FY 17/18 to keep the club going in the case of no income. It also showed that it cost about £2.5m to run the club that same financial year, with a surplus of about £77.5k at the end, which would be reinvested into the club. Along with the surpluses from FY's 16/17 and 15/16 (approx £160k, I think) Now I appreciate that these accounts were released before the Stubbs debacle, let alone Kearney, as well as any income from McGinn's move to Aston Villa or Jack Ross' move to Sunderland, but there's no way in hell we've blown through that amount of reserves in just over a year. -
Sell Now (Hladky) or Jam Tomorrow?
dumbarton_bud replied to Lord Pityme's topic in General St. Mirren Discussion
The question I have, if Hladky stays and helps keep us in the Premiership this season then leaves on a PCA/free, are we not still earning a profit off him by still being in the Premiership and the riches (!!) that brings? I'd imagine if he goes for a free at the end of the season, he'd have recouped any transfer/signing on fee paid to get him many times over through the increased prize money. -
Can see him at someone like Hearts. Hopefully if he does end up somewhere else in Britain, it's down south.
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Merged: All The Oran Kearney Threads
dumbarton_bud replied to TopCat's topic in General St. Mirren Discussion
Uh, Tony Fitzpatrick is our CEO. -
Merged: All The Oran Kearney Threads
dumbarton_bud replied to TopCat's topic in General St. Mirren Discussion
20) GLS set dogshite on fire and posted it through Oran's letterbox Is that his house in NI that he commutes from or the one he bought in Bridge of Weir? -
Sunderland Speak To Jack Ross
dumbarton_bud replied to Isle Of Bute Saint's topic in General St. Mirren Discussion
When skies are grey -
Didn't realise we were relocating to Russia; or is it a name change? Edit. Also, welcome Greg Tansey!!
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Oh look, Shull disagrees with something. Again.
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Yay!!
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St Mirren v Livingston 25th August 18
dumbarton_bud replied to St.Ricky's topic in Matchday & Travel Club
Any chance of playing Dumbarton again? That way Stubbs can do the traditional thing and resign afterwards (see Murray and Rae). Cannot believe we won the Championship 3-months ago. Could see the new players weren't up to it against Spartans and Queens Park. Will happily eat my words if Stubbs comes through but I don't see it happening -
Unbeaten in Competitive Matches
dumbarton_bud replied to St.Ricky's topic in General St. Mirren Discussion
With a zero percent win ratio. Somehow I don't think we'll be able to draw our way to Premiership safety. -
St. Mirren v Spartans Betfred Cup 17/7/18
dumbarton_bud replied to Eric Arthur Blair's topic in Matchday & Travel Club
This is marginally less pish. -
St. Mirren v Spartans Betfred Cup 17/7/18
dumbarton_bud replied to Eric Arthur Blair's topic in Matchday & Travel Club
This is pish. -
The Simple Digital Arena
dumbarton_bud replied to RossCSmfc's topic in General St. Mirren Discussion
Definitely this. My other half is good friends with his other half so was aware this was a thing for a wee while, but didn't ask figures. -
Have heard that there are already plans in place for a local company to take on the stadium name sponsorship post-Paisley 2021.
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How many seats do the bigots get ?
dumbarton_bud replied to Tommy's topic in General St. Mirren Discussion
Forgive my ignorance but where are you getting that Thistle give 6000 tickets to OF fans? Firhill only holds about 10k. Or Accies give 3000 in a 5k stadium Numbers seem a bit off to me... -
Saint Mirren V Livingston 14 April
dumbarton_bud replied to St.Ricky's topic in Matchday & Travel Club
Wee suggestion for tomorrow's game. Goes to the tune of the Proclaimers "Letter from America": Dumbarton no more, Greenock no more, Falkirk no more, Brechin no more. Dunfermline no more, Inverness no more, Dumfries no more, Livingston no more Repeat ad nauseum. -
Sat nav took us past Silverburn and on to the M74 that way. Currently in Stirling services. Good few Saints fans kicking about
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I travel to Perth once a week and try to get through Glasgow before 5 so I'm not sitting on the M8 for ages. Usually get to Perth for about 6. I'm aiming to leave Johnstone around half-4 in the hopes of getting to the M80 for about 5. Failing that it's down the M74 and along the M73. Probably have a pitstop at Stirling or Broxden services. Have room for 3 in the car if anyone's happy to contribute to the fuel tank.
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That's not what I said, and I have edited that I misread your quote so I apologise for the confusion in that sense. However, whether Saints fans deserve the credit is neither here nor there. The question needs to be put in its own right over accessing the restricted funds. Yes/No question. If yes, then what to do with the funds can be asked of the membership. If no, then carry on as you were.
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It's a members organisation so yes, this is exactly how this should have gone. This is restricted funds, not unrestricted. If I was working at an organisation that took charitable donations, and a donor specified a donation for a particular use; these funds are restricted to that exact use. If I wanted to use those funds for something else, I would need to check with said donor and get their permission before planning the other project. There is a due process that needs to be followed and it appears SMISA are skipping a step in that process. Misread the original quote, but my point stands.... Asking to be asked etc
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This. Why can't SMISA pay forward the 50k in return for the equivalent number of shares early? Are we tied into using the funds to buy out GS in a lump sum? I can't say I'm a big fan of balloting the members to change what was an fairly important condition (at least, to me) during the sign-up process. Also, whoever agreed that sponsorship package should be shot - 50k to rename Ralston for two seasons, sponsor one of the youth teams, a youth team shirt and a tour of the training ground?!? We renamed our stadium - something that gets a ton more exposure than our training facility - for approx £60k. Someone needs to get their head out their arse.