sally02 Posted January 17, 2015 Report Share Posted January 17, 2015 It appears from a lot of discussion on here and in the press that 75% of the shares are now tied together by, or available to the consortium. Is that is the case? If the selling price of £1.5m is correctly reported, then the club looks a lot more attractive as a purchase than when the 52% was originally quoted at £2m If the above is correct, then 600 fans paying £500 per year for 5 years, or £2500 on a once off basis could pay out the consortiums 75% ownership, and meet the BOD's criteria of doing the best for St. Mirren. The other 25% of shares presumably are held by existing smaller shareholdings of fans. Put ALL the shares into a Trust or other protected company for the ongoing benefit of the fans(club). The problems are:- 1/. Could we get enough supporters willing to put out that sort of money initially? 2/. How do we ensure enough working capital or emergency loans would be available during the bad times? 3/. Would all participants be willing to offer the shares into a Trust or similar? Putting money in to buy our club would not be a financial investment, but an investment in our continuing association with the club we love, the general role it plays in the community and the town, and most importantly the chance for the up-coming and future generations to get to know, become emotionally involved with, and just maybe, experience some of the high(and low) points that we have experienced over the years. Would there be any appetite for this type of progression? I would be willing to contribute - would others? Quote Link to comment Share on other sites More sharing options...
pod Posted January 17, 2015 Report Share Posted January 17, 2015 Do you think they'll want it to drag out another 5 years and £2500 at once is a big ask for some. Quote Link to comment Share on other sites More sharing options...
sally02 Posted January 17, 2015 Author Report Share Posted January 17, 2015 Do you think they'll want it to drag out another 5 years and £2500 at once is a big ask for some. Probably not Pod. I agree the £2500 is a big ask, but would require fewer to get it across the line. Quote Link to comment Share on other sites More sharing options...
steve_the_saint Posted January 17, 2015 Report Share Posted January 17, 2015 Do you think they'll want it to drag out another 5 years and £2500 at once is a big ask for some.They might not have an option if they stick to their word of selling to the right people. IMO this should become the aim of SMISA - if not for this sale of the club, then for future sales of the club. If for example the argies buy it now then I don't expect them to hang around for too long. 5 years may be as far as any prospective buyer is willing to take the club and it would put the fans in a strong position to buy it in the future. Quote Link to comment Share on other sites More sharing options...
TediousTom Posted January 17, 2015 Report Share Posted January 17, 2015 How dare the op do this . . . . . . . . . How dare the op come on this here forum of ours and mak such a valid point about the price of the shares, doesnt he/she know that all we do is squabble about nonsense and the price of match day pies and the fact that season tickets include hee haw now! I had not thought of the 75% share being sold for the same money. Does seem strange and if the 75% is going for 1.5 million one must ask why the reasonable offer made by the CIC (10000hrs) was not accepted for the 52% at the time? Bring back 10000 hrs! Quote Link to comment Share on other sites More sharing options...
Sonny Posted January 17, 2015 Report Share Posted January 17, 2015 I'll chip in two and a half grand if I can pick the team Quote Link to comment Share on other sites More sharing options...
TsuMirren Posted January 17, 2015 Report Share Posted January 17, 2015 I'll chip in two and a half grand if I can pick the team Oooh don't go there. Been there, seen that, sat on the board, swam for safety! Quote Link to comment Share on other sites More sharing options...
pozbaird Posted January 17, 2015 Report Share Posted January 17, 2015 I'll chip in two and a half grand if I can pick the team ....sounds great Tommy, you can start on Monday, all the best, SG. Quote Link to comment Share on other sites More sharing options...
Sonny Posted January 17, 2015 Report Share Posted January 17, 2015 Two and a half grand is cheaper than hiring a manager. We could maybe have a rota system for team selection or names out of a hat each week for an investor to pick the team. Quote Link to comment Share on other sites More sharing options...
shull Posted January 17, 2015 Report Share Posted January 17, 2015 I'll throw in a fiver as long as Mykey picks the Team. And I want a receipt. Quote Link to comment Share on other sites More sharing options...
saintnextlifetime Posted January 17, 2015 Report Share Posted January 17, 2015 I'll pay the £2.5k if l get to be manager for 2.5 weeks . I'd sort it oot. . Quote Link to comment Share on other sites More sharing options...
sally02 Posted January 18, 2015 Author Report Share Posted January 18, 2015 Or what about 1000 fans adding £1500 quid onto their mortgages Cost < £10/month? Hand the money to SMISA, and by the end of the month the club belongs to the fans - Job Done Quote Link to comment Share on other sites More sharing options...
Callum Gilhooley Posted January 18, 2015 Report Share Posted January 18, 2015 Or what about 1000 fans adding £1500 quid onto their mortgages Cost < £10/month? Hand the money to SMISA, and by the end of the month the club belongs to the fans - Job Done You ever thought about applying for the job of chancellor ? Quote Link to comment Share on other sites More sharing options...
Hagleybuddies Posted January 18, 2015 Report Share Posted January 18, 2015 It appears from a lot of discussion on here and in the press that 75% of the shares are now tied together by, or available to the consortium. Is that is the case? If the selling price of £1.5m is correctly reported, then the club looks a lot more attractive as a purchase than when the 52% was originally quoted at £2m If the above is correct, then 600 fans paying £500 per year for 5 years, or £2500 on a once off basis could pay out the consortiums 75% ownership, and meet the BOD's criteria of doing the best for St. Mirren. The other 25% of shares presumably are held by existing smaller shareholdings of fans. Put ALL the shares into a Trust or other protected company for the ongoing benefit of the fans(club). The problems are:- 1/. Could we get enough supporters willing to put out that sort of money initially? 2/. How do we ensure enough working capital or emergency loans would be available during the bad times? 3/. Would all participants be willing to offer the shares into a Trust or similar? Putting money in to buy our club would not be a financial investment, but an investment in our continuing association with the club we love, the general role it plays in the community and the town, and most importantly the chance for the up-coming and future generations to get to know, become emotionally involved with, and just maybe, experience some of the high(and low) points that we have experienced over the years. Would there be any appetite for this type of progression? I would be willing to contribute - would others? Quote Link to comment Share on other sites More sharing options...
Hagleybuddies Posted January 18, 2015 Report Share Posted January 18, 2015 I am in for the dosh if the whole thing is in trust and if we trust who is going to run the business aswell as the team. SG & current board, plus 2 elected from fans/investors and providing one has real business/financial experience,ideally within football. It's probably now or insolvency! Quote Link to comment Share on other sites More sharing options...
GlenburnSaint Posted February 11, 2015 Report Share Posted February 11, 2015 10000hrs was a waste of time and would never benefit the club. Too many people with too many opinions with too little cash. No thanks. Stick to being a member of the forum. Quote Link to comment Share on other sites More sharing options...
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