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Deal To Sell To Argentinian Consortium Agreed


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St Mirren is an attractive proposition if the likes of Tom Farmer, Richard Branson or Bill Gates, were Saints fans. We'd also likely be an attractive enough proposition for somebody if we were playing in England, and a route was open to the Premiership in a Vincent Tan at Cardiff type scenario.

We neither have supporters with 'off the radar wealth', nor do we have a path to the promised land of untold riches, worldwide TV exposure and an owner's ego being hugely massaged.

With the stadium sorted, the training complex sorted, and no desperate need to be sold, we are also not an attractive proposition for shyster spivs to make a fast buck and leave us for dead.

Hard to see where the selling consortium are going to get the kind of cash they want for the pup they're selling.

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I think the question that has to be asked now is "Why is the club proving to be so difficult to sell"?

After all, we are debt free and have a brand new stadium and training complex. This should all be very attractive to potential buyers you would think. Obviously it is not so attractive though.

It seems it is more fashionable/economically beneficial to buy a club that is up to it's neck in debt. More money to be made in this type of scenario rather than ours it would seem.

Or is it simply the asking price is too high?

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Or is it simply the asking price is too high?

I think that's part of the problem.

If you were as desperate to sell your house as the consortium have claimed to be to sell the club you'd have dropped your asking price considerably if it still hadn't sold after 5 years.

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I think that's part of the problem.

If you were as desperate to sell your house as the consortium have claimed to be to sell the club you'd have dropped your asking price considerably if it still hadn't sold after 5 years.

If it was only a house, you wouldn't be bother who you sold it to. There lies part of the problem.

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If it was only a house, you wouldn't be bother who you sold it to. There lies part of the problem.

Correct, but the house analogy is still accurate.

By being bothered who you are selling to simply decreases the number of potential buyers. However it doesn't change the fact that this group of potential buyers still aren't interested at the current asking price.

They can either 'sell it' better or drop their asking price... But they've seemingly done neither. At the moment they just seem to be saying 'how desperate they are to get out', but, on the face of it anyway, aren't actually doing anything which would enhance the possibility of getting the club off their hands.

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In truth the house analagy doesn't add up. If you're selling a house, of course you want to get top dollar - because you'll need to buy another house, unless you plan to live under a rock.

If you're selling something with no intention or need to buy another one, and you can't get rid... Maybe you should look at the price you're asking.

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I think it's worth re-emphasising that over the 5 year sale we have pretty much always been in touching distance of relegation. Put simply, the value of the 'asset' (the value the BOD have attributed to SMFC) is under threat on an annual basis as the 'business' that is our club decreases as a Championship side. This season is a perfect example - we are on the cliff edge yet again.

Taking the house analogy, it's a bit like putting your house on the market for £X only for someone to submit planning permission for a landfill site opposite which, on the face of it, could reduce the value of your house to £Y. You fight off the planning for one year, only for the same planning permission to be submitted the next, and so on. Any potential buyer has to continually weigh up paying X when that value could quite easily plummet.

One argument could be that the club will never be an attractive proposition, almost regardless of tweaking the asking price, until we cease with the annual fight against the drop. And therein lies the dilemma for the BOD. There is a strong desire to sell, but a lack of desire to sufficiently invest in the asset to stabilize the league position.

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St Mirren is an attractive proposition if the likes of Tom Farmer, Richard Branson or Bill Gates, were Saints fans. We'd also likely be an attractive enough proposition for somebody if we were playing in England, and a route was open to the Premiership in a Vincent Tan at Cardiff type scenario.

We neither have supporters with 'off the radar wealth', nor do we have a path to the promised land of untold riches, worldwide TV exposure and an owner's ego being hugely massaged.

With the stadium sorted, the training complex sorted, and no desperate need to be sold, we are also not an attractive proposition for shyster spivs to make a fast buck and leave us for dead.

Hard to see where the selling consortium are going to get the kind of cash they want for the pup they're selling.

It's also not as if we're sitting on an old ground in a desirable town centre location, which could be stripped down and sold. If someone wanted to build houses on SMP, there would be other, comparable, much cheaper land available elsewhere.

In all honesty, the selling consortium is like a guy who wants £25k for his car, because that's what he paid for it 10 years ago. Everyone can see he's kidding himself, but he's sticking to his guns while the vehicle rusts away on his driveway.

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What people need to remember is that the period since the club went up for sale has comfortably been the most successful period in the clubs modern history.

A major title, two cup finals, three semi finals, and two 8th placed finishes. Relatively speaking, it's been a golden era for the club.

Contrast the last 6 years or so with the 15 or so before it: In the period between 94 and 09 we achieved no titles, no finals, one semi final and the highest league position we achieved was 10th in the top flight, most of the time we were in the bottom half of the second tier.

To portray the period of us being for sale as some barren period in an otherwise glorious history couldn't be further from the truth.

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What people need to remember is that the period since the club went up for sale has comfortably been the most successful period in the clubs modern history.

A major title, two cup finals, three semi finals, and two 8th placed finishes. Relatively speaking, it's been a golden era for the club.

Contrast the last 6 years or so with the 15 or so before it: In the period between 94 and 09 we achieved no titles, no finals, one semi final and the highest league position we achieved was 10th in the top flight, most of the time we were in the bottom half of the second tier.

To portray the period of us being for sale as some barren period in an otherwise glorious history couldn't be further from the truth.

All good points TC, and you have made them a number of times on the forum now, though I'm struggling to see who on the thread is portraying the 'sale' period as barren?

You are correct to point out the two 8th placed finishes, however both were still the result of a relegation struggle throughout the course of the season. One view is that it's perhaps the annual uncertainty that is at the root of the problem?

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All good points TC, and you have made them a number of times on the forum now, though I'm struggling to see who on the thread is portraying the 'sale' period as barren?

You are correct to point out the two 8th placed finishes, however both were still the result of a relegation struggle throughout the course of the season. One view is that it's perhaps the annual uncertainty that is at the root of the problem?

Were we in a relegation struggle in 11/12? Don't recall that. I seem to remember Dunfermline being cut off early on and then Hibs being dragged into it.

As for last season, we were the first in the bottom 6 to be safe. Half the league was in a relegation struggle last season.

Being between 8th and 10th in Scotland is about right for a club like us. I don't see it as a problem. It would be great to be overachieving of course, but at least we aren't underachieving like we were in the 90's.

Edited by TopCat
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Sorry, but that doesn't even make sense in the context of what you were replying to. Are you just going for the shock value?

LP seems to have a new script writer these days.

He should sack him as he's even worse,if that's possible,than his last one.

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Stating the obvious but the best people to own St.Mirren FC are the fans of the club.

Motherwell and Hearts are the model clubs we could be doing with following but to get there we would need a wealthy individual to put up the money and allow the fans to pay them back over a period of say 5 years. Or the selling consortium would need to agree to be that lender, and accept their money over 5 years.

10,000Hours didn't fail becuase the fans didn't want to own the club, there were 1100 live direct debits in place ready to fire despite the many misgivings and false starts the bid had.

A fans bid could be resurrected if the Argie bid is off the table for whatever reason (still haven't heard anything on that either way) but it would need someone with a lot of energy, who the support could trust from the off, and who had a bit of savvy to kick start it again.

Someone like Gordon, if he had the time, Tony Fitz, someone in that mould.

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A fans bid could be resurrected if the Argie bid is off the table for whatever reason (still haven't heard anything on that either way) but it would need someone with a lot of energy, who the support could trust from the off, and who had a bit of savvy to kick start it again.

Someone like Gordon, if he had the time, Tony Fitz, someone in that mould.

I agree.

oaksoft? Your time has come.

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Stating the obvious but the best people to own St.Mirren FC are the fans of the club.

Motherwell and Hearts are the model clubs we could be doing with following but to get there we would need a wealthy individual to put up the money and allow the fans to pay them back over a period of say 5 years. Or the selling consortium would need to agree to be that lender, and accept their money over 5 years.

10,000Hours didn't fail becuase the fans didn't want to own the club, there were 1100 live direct debits in place ready to fire despite the many misgivings and false starts the bid had.

A fans bid could be resurrected if the Argie bid is off the table for whatever reason (still haven't heard anything on that either way) but it would need someone with a lot of energy, who the support could trust from the off, and who had a bit of savvy to kick start it again.

Someone like Gordon, if he had the time, Tony Fitz, someone in that mould.

Is old scoop (B&WA member for a day) your inside source?

Edited by Bud the Baker
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