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Deal To Sell To Argentinian Consortium Agreed

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He has agreed to sell with the consortium if the deal is right, but he could change his mind on that. I personally would still like to see a deal made with SMISA and the board in respect of buying the 52% from the consortium and then working with Gordon Scott and any other major shareholders in running the club. It could be worthwhile joining SMISA and therefore become a shareholder with a voice in the running of the club, £2 a month (minimum) to join SMISA is a good thing to do for our club. Pop along to the AGM a week on Saturday (4th April 11:00am) and find out/ask questions on what they do and how you could be involved, also put forward ideas of things you'd like to see them do, you don't have to be a member to attend the AGM, it will be held in the function suite at Saint Mirren park. Season tickets are valid as there is no charge for entry thumbup2.gif

Can you please explain to me how you run a club with every member of SMISA having a voice in the running of the club. If I pay my £10 a month do I get a say in every signing proposed, in appointing Manager and staff, in deciding what sponsors are involved, in deciding on the strip for the new season, ................. ?

And if not, what happens if I don't like the way the club is being run and stop paying the £10 per month - and a couple of hundred feel the same as me and they stop payng the £10 as well? How do you guarantee that the selling consortium get their money?

The club is a business, not a co-operative. If you run it as a co-op we will be in the Lowland League and playing at the race course before we know it.

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He has agreed to sell with the consortium if the deal is right, but he could change his mind on that. I personally would still like to see a deal made with SMISA and the board in respect of buying the 52% from the consortium and then working with Gordon Scott and any other major shareholders in running the club. It could be worthwhile joining SMISA and therefore become a shareholder with a voice in the running of the club, £2 a month (minimum) to join SMISA is a good thing to do for our club. Pop along to the AGM a week on Saturday (4th April 11:00am) and find out/ask questions on what they do and how you could be involved, also put forward ideas of things you'd like to see them do, you don't have to be a member to attend the AGM, it will be held in the function suite at Saint Mirren park. Season tickets are valid as there is no charge for entry thumbup2.gif

I joined just after the Argie deal was "agreed". I was looking to get to the AGM, but I'm now moving flat around that weekend.

Can you please explain to me how you run a club with every member of SMISA having a voice in the running of the club. If I pay my £10 a month do I get a say in every signing proposed, in appointing Manager and staff, in deciding what sponsors are involved, in deciding on the strip for the new season, ................. ?

And if not, what happens if I don't like the way the club is being run and stop paying the £10 per month - and a couple of hundred feel the same as me and they stop payng the £10 as well? How do you guarantee that the selling consortium get their money?

The club is a business, not a co-operative. If you run it as a co-op we will be in the Lowland League and playing at the race course before we know it.

Having been involved in the running of a club, under the model you highlight above, I'd simplify it as follows. The wider membership vote in a board, the board then handles the operation of the club with input from the wider membership. Sponsors, strip and staff structure are feasible for full votes. Things like signings and actual staff appointments are a minefield so perhaps best left to the elected board. Once the fans had control it wouldn't be too difficult to highlight how important your £10 is or certain brackets of £10 by value/effect. Just a matter of understanding the budget and showing where cuts would occur. Same for the high level budgets ifs, not necessarily targets or even goals...just put out to highlight what could occur. It needn't be a call for cash, unless the membership vote for something that needs investment. Though, members could pledge extra funds to be called upon (secretly or in public) if needbe and also donate to ring fenced areas of funding.

The guarantee part isn't simple, but then again if you're unhappy and want fan ownership then you should investigate properly and gauge how much you want to pay before you dive in. That or it gets a bit cumbersome with contracts or even up front payments.

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Can you please explain to me how you run a club with every member of SMISA having a voice in the running of the club. If I pay my £10 a month do I get a say in every signing proposed, in appointing Manager and staff, in deciding what sponsors are involved, in deciding on the strip for the new season, ................. ?

And if not, what happens if I don't like the way the club is being run and stop paying the £10 per month - and a couple of hundred feel the same as me and they stop payng the £10 as well? How do you guarantee that the selling consortium get their money?

The club is a business, not a co-operative. If you run it as a co-op we will be in the Lowland League and playing at the race course before we know it.

Err.... The Co-Operative Group has over 8.2 million members and over 3750 branches in The UK and it is run by its members who are shareholders. And they seem to manage things.

Anyone that thinks they are going to pick the individual team, manager, signings, and staff etc for a £10 a month membership of Smisa if they became custodians of the club should probably keep that tenner to fund therapy sessions. What you would get as a member is a voice to shape the values, ethos and direction you would like to see the club go in.

I.e should the club employ a Jimmy Calderwood eyeballs on stalks type coach who will bring in pros he can manage, or an Ian Cathro type coach that will build a pyramid structure from under sevens up to develop the best talent in the region?

Incidentally as regards sponsors you probably would get a major say in who the club wished to be associated with ( do we really want pawn shops, loan sharks or gambling sites on our strips)' and i can almost guarantee there would be a vote on strip designs, HoF boards and a committee set up ,to look into possible solutions should a letter fall off the front of the stadium again (little clue one of those last three items is a joke).

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Boy i bet the 'Can't Give It Away' consortium are pissed they chased the jam tomorrow more lucrative bid by the Argies, electing to diss the other bid at the eleventh hour citing the spurious reason of one of the bidding group having had previous as a means to ditch them and chase the extra money they THOUGHT the Argies would pay them.

Ye couldnae make it up, the only person winning is GT with a managers credit on his CV!

Greed is a terrible thing.

We all do now and again , sorry mate you write some of the most utter tripe on this subject. Not because I don't agree because it is a fact. You remind me of the bull that got into a china shop

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It will be interesting to watch from the outside and see what happens with Girona.

If in a few years Girona are out of business and the Argies walk away with a sack full of cash, then we can all breathe a huge sigh of relief.

On the other hand, if they are an established La liga side who are doing reasonably well for a club of their size, then I for one will be a little bit gutted.

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We all do now and again , sorry mate you write some of the most utter tripe on this subject. Not because I don't agree because it is a fact. You remind me of the bull that got into a china shop

I don't usually pay much attention to LP's ramblings, but I think he might be right on that one.

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Can you please explain to me how you run a club with every member of SMISA having a voice in the running of the club. If I pay my £10 a month do I get a say in every signing proposed, in appointing Manager and staff, in deciding what sponsors are involved, in deciding on the strip for the new season, ................. ?

And if not, what happens if I don't like the way the club is being run and stop paying the £10 per month - and a couple of hundred feel the same as me and they stop payng the £10 as well? How do you guarantee that the selling consortium get their money?

The club is a business, not a co-operative. If you run it as a co-op we will be in the Lowland League and playing at the race course before we know it.

First of all I would suggest you attend the SMISA AGM, there will be no proposal to buy the consortiums 52% share, but you can listen to what has been done by SMISA and you can suggest things you would like to see them doing, you can see who is on the committee and if you know and trust any of them then you can (if you sign up as a member) re-elect them or if you prefer you can join the committee yourself or propose someone else, or you could just observe what is going on.

I have stated there is no proposal to buy a controlling share of the club, I stated my preference for SMISA to be the future controlling interest in the club, and I would be asking the same questions as you have regarding the stability of any purchase when and if such a situation arose. That is why I have joined SMISA, I like what I've heard at committee meetings, there has been talk of share purchase and 5082 shares are currently owned by the trust with other purchases ongoing. As it stands we would need a backer or backers to put up the cash to buy the consortiums shares or have a deal agreed on drip payments, the former would be my preference, then all the questions would need to be asked and a firm plan put in place on either option.

Edited by buddiecat

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We all do now and again , sorry mate you write some of the most utter tripe on this subject. Not because I don't agree because it is a fact. You remind me of the bull that got into a china shop

I rather be a BULL than a kitten.....

As regards your "we all do now and again" whats that referring to specifically?

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You are bang on with that mate. THE DEAL FOR ST MIRREN IS OFF.

I spoke to my mate tonight who lives in the Costa del sewage (Malaga). He says that it is in the Spanish media today that Pini arrived in Girona today and the deal will be announced by tomorrow afternoon.

Apparently, Pini and his brother Sebastien along with a USA based Argie and a Swiss investment company will be shelling out 2m Euro for 80% of the shares. They will pay 1m Euro up front and they will also pay 650,000 Euro by the 9th April to stop Girona from going bust.

All parties including insolvency court have agreed to the change of ownership and the deal is done basically.

St Mirren got mentioned in a few reports too. They said that the consortium had been in open discussions with the Saints board since last year, but that deal will NOT be going ahead now.

2 million euros!...............................................................................................................................................That's about 12 pence.

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First of all I would suggest you attend the SMISA AGM, there will be no proposal to buy the consortiums 52% share, but you can listen to what has been done by SMISA and you can suggest things you would like to see them doing, you can see who is on the committee and if you know and trust any of them then you can (if you sign up as a member) re-elect them or if you prefer you can join the committee yourself or propose someone else, or you could just observe what is going on.

I have stated there is no proposal to buy a controlling share of the club, I stated my preference for SMISA to be the future controlling interest in the club, and I would be asking the same questions as you have regarding the stability of any purchase when and if such a situation arose. That is why I have joined SMISA, I like what I've heard at committee meetings, there has been talk of share purchase and 5082 shares are currently owned by the trust with other purchases ongoing. As it stands we would need a backer or backers to put up the cash to buy the consortiums shares or have a deal agreed on drip payments, the former would be my preference, then all the questions would need to be asked and a firm plan put in place on either option.

For more than 5 years now the consortium has put the club in a state of threat, offering to sell a majority shareholding to a single party. For a club of it's size St Mirren maintains a fairly large and vocal online presence. Yet for all that the fans group supposedly representing the fans of the club, with all of it's experience and with all the backing of the Independent Supporters Association to call on, still can't organise itself to take on control of the club. What does that say about SMiSA?

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Maybe it says that its aims do not include obtaining a controlling interest in the club.

In which case, what is the point of SMiSA? If it's not there to secure the clubs future what is it doing? Is it just a fund raising vehicle for Gilmour and Co or are they actually going to do something positive to secure ownership of the club?

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In which case, what is the point of SMiSA? If it's not there to secure the clubs future what is it doing? Is it just a fund raising vehicle for Gilmour and Co or are they actually going to do something positive to secure ownership of the club?

I thought you were smarter than that.1eye.gif

What are you going to do with yourself (apart from the obvious) when and if Gilmour and Co. leave.

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I thought you were smarter than that.:1eye

What are you going to do with yourself (apart from the obvious) when and if Gilmour and Co. leave.

Good grief!

I certainly hope I'm wrong....

"Cometh the hour, cometh the pipefitter..."

:o

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Have you not previously said that you were a member of SMiSA? I'm pretty sure you have. Should you not know then? Or are you in the habit of joining groups when you don't know what they stand for?

If you still don't know, why don't you ask SMiSA, instead of asking me?

In fairness, he is in the habit of posting on here despite claiming not to be a St Mirren fan.

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Gilmour apparently said on Friday that the BOD are currently not in talks with any party regarding the sale of the club. Think we can put this thread safely to bed. Quite a strange affair all round really with the leak saying the club had been sold.

I guess either one of two things happened. Either an agreement was made to sell the club and then the Argies disappeared, or no such agreement was ever made. I'd be more inclined to believe the latter, but it doesn't really matter.

The point is that the club is no closer to being sold now than it was when we first went on the market over 5 years ago. If anything we're further away from a sale than ever due to us losing our top flight status.

Theres no white knight for us. Theres no Ann Budge waiting in the wings to lead us out the wilderness. The only way I can see of us getting our club back is a SMISA led fan buy out. Do they have the manpower, know how and/or inclination to get this moving? I hope so.

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