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slapsalmon

Saints
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Posts posted by slapsalmon

  1. Just now, bazil85 said:

    Selfless in a purely financial sense, as in return on his financial investment. I’m sure there are other reasons for him doing it but I still think it’s pretty poor people coining this as he isn’t losing any money/ investing in the club. 

    It's not self less financially though. As by going through with BtB he got back his outlay for the original shares which he may never have got back otherwise. Shrewd probably, selfless I wouldn't say so. 

  2. 4 minutes ago, bazil85 said:

    Do you think lost income through investment and interest shouldn't be factored in to his investment in the club? For me this is a curious (and a wee bit selfish) point that some fans bring up. What's the expectation, that he puts in money on top of the lump sum that's allowed us to buy the club? If so, would we grudge him taking a profit out the club like many other football chairman in the world?

    GLS has done a fantastic and (financially) self-less thing for our football club, people should not lose sight of that. 

    Had SMISA bought the 50 odd % from the consortium then GLS shares were worthless. Id say its not entirely self less what he's done. More protecting his initial Investment. 

    Not getting into a debate over the rights or wrongs of that. Just saying. 

  3. 2 minutes ago, beyond our ken said:

    the difference is the number of shares that SMISA can buy-current agreement is for SMISA to take a 75% holding but that will not happen if GLS sells his shares, so SMISA has to propose the change and vote on it

    71%

     

    GLS was keeping 8% back in the original proposal. Something which I questioned at the time. Now looks like his 8% is on the table for kibble. 

  4. 11 hours ago, DougJamie said:

     

     At least they formed their Successful Ticketus Operating Retail Model ( STORM) on the back of it ie Spend what you don't have, borrow on the  back of  what you don't have, and be All happy that a 7 year old team has a £14m debt when it basically sells out  every game...………….  

     

    Tick Tock

     

    I believe the debt is more than 14m and they lose around that figure every year. Tick tock indeed. Hopefully nobody at Hampden bends over this time. Long live dave King 😂

  5. 19 hours ago, bazil85 said:

     

    5. Eh your player budget figure analysis makes absolutely zero sense. You have no idea & it won’t be in the accounts what the budget would have been if they didn’t do the two stand arrangement. It won’t be correlated to the previous season in a different division. Oh you’re in for a disappointment. Fortunately we know it was a 10%  increase because someone with full access to the accounts that makes the decisions told us. 

     

    If 10% of what the accounts say the wage budget is,turns out to be more than the sum that could be made from the ammount of seats available sold at full price then it'll show that the arrangement couldn't have given a 10% increase.

     

    If 10% is 250k for example then it can't all have been made up by giving away the stand. 

  6. 9 hours ago, bazil85 said:

    Zero. My view on this has not and will never change. If we give tickets to the bigots at the expense of even one fan being able to get a ticket I would not support the arrangement. 

    I don't believe we wold do that though, GLS has made comment to reviewing the arrangement on increased ticket prices before. 

    But your not happy with the idea of the North and West being given to them when currently it will not affect one St mirren supporter.

     

    Kombi has you sewn up like a kipper 

  7. And there we have it, the closest thing to an expert on here(probably) reckons it's on the expensive side.

     

    Now even if div has no interest in creating or maintaining something for this, he's the ideal guy to ask the question of "do you think this is decent value for money" 

    If there is also a spend limit on what can be approved then the question should've been asked to the membership. If its been thought out and is without doubt the best option then it would probably be approved, but it's about the process. If that's what the process is(and I'm taking LPMs word for it) then the question should've been asked. 

     

    That's not negative, it's not moaning about the spend, it's about following any processes that have been agreed. Giving the information and letting people decide. 

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