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Update - 21St June


10000hours

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Thank you to everyone who has backed our bid to purchase the majority shareholding of St.Mirren Football Club.

With close to 1,000 members now signed up and having achieved 150% of our original fundraising target for individual subscriptions we have a clear demonstration that the St.Mirren supporters back our bid to bring fan ownership to the football club.

We have a meeting planned with the selling consortium this afternoon.

As you can imagine this remains a competitive bidding situation. We are at a delicate stage of the process and negotiations can take time to complete.

We will provide a further update in due course as soon as we have something to report.

Thank you for your patience and again for your continuing support

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Guest somner9

somner9 will be on in a second to claim another deadline has slipped. tongue.png

Now, now siddeley, the good peeps at 10000 hours don't do slipped deadlines!

evaporating into thin air yes, but not slippage

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I was at the meeting today, the deal remains alive. Club and 10000Hours will issue a joint statement tomorrow morning.

Can you give us anything else, Div?

Are we talking a further extension, or something else?

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STV had a wee bit about it the news.....Tony Fitzpatricks 10000 Hours have failed to reach agreement with SMFC at a meeting at SMP this afternoon.

For God's sake shut up until you have something sensible to say. You make it sound as if the deal is dead. Gie us peace!

Edited by smcc
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Have to say get hacked off with all this being in the dark. Something could be said after STV reporting the bid has failed. Lets here what’s going on from the horses mouth.

What is it 50 – 50 or 45- 55 or 80 – 20% ?

Would be good to hear it here before the press get it

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Speculating that the announcement will be a further extension. The PDE carried a report that quoted Gordon Scott saying that the offer may fall a "couple of hundred thousand pounds short" but that he felt it would be worth it. I can imagine a reluctance to accept less than they think is fair but it would be stupid to sink the bid at the point where it seems to be at a peak in terms of momentum.

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Let’s guess – St Mirren football club are delighted to give 10,000 more time as they are just a slight short fall

10,000hour We would like to thanks all the fans who have signed up direct debits. We are just short of our goal so will work hard over the weekend to get more investors onboard.

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Let’s guess – St Mirren football club are delighted to give 10,000 more time as they are just a slight short fall

10,000hour We would like to thanks all the fans who have signed up direct debits. We are just short of our goal so will work hard over the weekend to get more investors onboard.

Yeah think so - Colin probably hit the nail on the head though. The surge in member numbers was very late in the day and there is obviously the possibility of going back to Bii and looking for more funding but those things all take time and I can't imagine the deadline helped. We can all speculate plenty though - but it's good news if the deal isn't dead

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