10000hours Posted June 21, 2012 Report Posted June 21, 2012 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 Quote
2becks Posted June 21, 2012 Report Posted June 21, 2012 Should the title be 21st June or have I missed something? Quote
St. Sid Posted June 21, 2012 Report Posted June 21, 2012 Should the title be 21st June or have I missed something? somner9 will be on in a second to claim another deadline has slipped. Quote
David Mc Posted June 21, 2012 Report Posted June 21, 2012 The unspoken message is the other categories are not fully subscribed of course. I hope there's still scope for negotiation. Quote
Guest somner9 Posted June 21, 2012 Report Posted June 21, 2012 somner9 will be on in a second to claim another deadline has slipped. Now, now siddeley, the good peeps at 10000 hours don't do slipped deadlines! evaporating into thin air yes, but not slippage Quote
Big Jake Posted June 21, 2012 Report Posted June 21, 2012 Now, now siddeley, the good peeps at 10000 hours don't do slipped deadlines! Headlines evaporating into thin air yes, but not slippage Fixed Quote
St. Sid Posted June 21, 2012 Report Posted June 21, 2012 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. Quote
kpj Posted June 21, 2012 Report Posted June 21, 2012 (edited) aye just seen that, sad news. edit: didn't really see it but wanted to boost sids wind up chances. Edited June 21, 2012 by kpj Quote
Drew Posted June 21, 2012 Report Posted June 21, 2012 (edited) If accurate, this is a real downer. ETA: so what is next - Angelo Massone? Edited June 21, 2012 by Drew Quote
bud72 Posted June 21, 2012 Report Posted June 21, 2012 Not seen anything reported as yet. No mention on the Scottish news apart from they were still locked in talks. Quote
div Posted June 21, 2012 Report Posted June 21, 2012 I was at the meeting today, the deal remains alive. Club and 10000Hours will issue a joint statement tomorrow morning. Quote
Drew Posted June 21, 2012 Report Posted June 21, 2012 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? Quote
Drew Posted June 21, 2012 Report Posted June 21, 2012 Is a joint statement a positive outcome? Some kind of indication would be good. I reckon the very least they can do is throw us a bone. Quote
smcc Posted June 21, 2012 Report Posted June 21, 2012 (edited) 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 June 21, 2012 by smcc Quote
Isle Of Bute Saint Posted June 21, 2012 Report Posted June 21, 2012 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 Quote
colin b Posted June 21, 2012 Report Posted June 21, 2012 I'm guessing 10000 hours will be given more time to either get more people signed up or to get a bigger loan. I think 10000 hours should just issue a take it or leave it offer and then it's up to us the fans to apply pressure to the selling consortium. Quote
Stuart Dickson Posted June 21, 2012 Report Posted June 21, 2012 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. Quote
smfcuk1877 Posted June 21, 2012 Report Posted June 21, 2012 Stv didnt say that at all just said we would need to wait till tommorow Quote
Isle Of Bute Saint Posted June 21, 2012 Report Posted June 21, 2012 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. Quote
HSS Posted June 21, 2012 Report Posted June 21, 2012 I was at the meeting today, the deal remains alive. Club and 10000Hours will issue a joint statement tomorrow morning. In what capacity were you there David? Quote
Stuart Dickson Posted June 21, 2012 Report Posted June 21, 2012 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 Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.