simondsmfc Posted April 5, 2015 Report Share Posted April 5, 2015 There must come a point when the BOD will just want rid. With that in mind does anyone know how much GLS offered for the 51%? If I was him (and his money is still liquid) I would be going in with a bid of half as much now. The board say they will only sell to a St mirren minded person and as far as I can tell he is the only one who made a formal offer. Quote Link to comment Share on other sites More sharing options...
magnus Posted April 5, 2015 Report Share Posted April 5, 2015 There must come a point when the BOD will just want rid. With that in mind does anyone know how much GLS offered for the 51%? If I was him (and his money is still liquid) I would be going in with a bid of half as much now. The board say they will only sell to a St mirren minded person and as far as I can tell he is the only one who made a formal offer. It looks like the St Mirren minded requirement was dropped a while back tbh. I suspect the English and Argentinian groups would have struggled to show they were St Mirren minded. Looks like GLS is more minded to sell shares rather than buy more. I think that particular boat has now sailed unfortunately. Quote Link to comment Share on other sites More sharing options...
davidg Posted April 5, 2015 Report Share Posted April 5, 2015 With that in mind does anyone know how much GLS offered for the 51%? Alleged to be £800k. Quote Link to comment Share on other sites More sharing options...
TsuMirren Posted April 5, 2015 Report Share Posted April 5, 2015 Alleged to be £800k. I believe there was also the offer of 200K additional investment. Quote Link to comment Share on other sites More sharing options...
davidg Posted April 5, 2015 Report Share Posted April 5, 2015 I believe there was also the offer of 200K additional investment. Yup. Quote Link to comment Share on other sites More sharing options...
Bud Bundy Posted April 5, 2015 Report Share Posted April 5, 2015 Alleged to be £800k. Quote Link to comment Share on other sites More sharing options...
TopCat Posted April 6, 2015 Report Share Posted April 6, 2015 TopCst it was a great success I wad there with my wife and son but this thread is about raising funds to buy the club what do you think of my suggestion about raising £960k over four years? Well people were saying here we need more beer tents etc. We've had one of them - organised by the fans - which was a success and there hasn't been one since. I don't know why we can't have one every home game. I missed your suggestion about raising the money. Quote Link to comment Share on other sites More sharing options...
pozbaird Posted April 6, 2015 Report Share Posted April 6, 2015 (edited) I think a private bid from GLS, or a re-visited 10000hours bid are both boats that have long since sailed. Like him or not, REA and the people he had onboard at the top level, stuck their heads above the parapet to be shot at - and boy, were they shot at. The commitment from rank and file fans in DD pledges was there. It did not fail because of a lack of numbers to kick it off. Far from those numbers falling, given what has happened at Rangers and Hearts, I believe if it had launched, numbers would have grown - but we'll never know. In so many regards, REA, GLS, Fitzy (as 'club legend' role), and the Kibble involvement made life so much easier for us 'ordinary fans'. If things weren't going swimmingly, or for any reason at all things were a bit sticky - they were the target that would come under fire. Fingers would point straight at them, and we would pretty much sit back and let the leadership take the grief. I see no-one around just now willing to take such grief. The only way I see the selling consortium getting the hell out of dodge now is in one of two ways. One, they drastically drop their asking price, which sees a consortium of 'middleweight' Saints minded business people who are currently not visible, come to the fore and take over. We have no 'big hitters' like a Tom Farmer or suchlike to find the consortium's asking price out of their loose change down the back of their sofa. The second way is if they do more than drastically drop their asking price - they drop it completely, and approach SMiSA to be the vehicle to facilitate a fan-based takeover. This is unlikely, and fraught with danger - not least in who would become the 'new SG & Co', the people responsible for all the big decisions. That is simply the first problem of many, if a fan-based takeover even got to first base. The two possible ways out I envisaged here may happen, but I'm not convinced. I really cannot see an endgame here. They should have sold to GLS and got out with their legacy intact, and the prospect of a Stewart Gilmour main stand being a genuine one. Edited April 6, 2015 by pozbaird Quote Link to comment Share on other sites More sharing options...
Stuart Dickson Posted April 6, 2015 Report Share Posted April 6, 2015 I think a private bid from GLS, or a re-visited 10000hours bid are both boats that have long since sailed. Like him or not, REA and the people he had onboard at the top level, stuck their heads above the parapet to be shot at - and boy, were they shot at. The commitment from rank and file fans in DD pledges was there. It did not fail because of a lack of numbers to kick it off. Far from those numbers falling, given what has happened at Rangers and Hearts, I believe if it had launched, numbers would have grown - but we'll never know. In so many regards, REA, GLS, Fitzy (as 'club legend' role), and the Kibble involvement made life so much easier for us 'ordinary fans'. If things weren't going swimmingly, or for any reason at all things were a bit sticky - they were the target that would come under fire. Fingers would point straight at them, and we would pretty much sit back and let the leadership take the grief. I see no-one around just now willing to take such grief. The only way I see the selling consortium getting the hell out of dodge now is in one of two ways. One, they drastically drop their asking price, which sees a consortium of 'middleweight' Saints minded business people who are currently not visible, come to the fore and take over. We have no 'big hitters' like a Tom Farmer or suchlike to find the consortium's asking price out of their loose change down the back of their sofa. The second way is if they do more than drastically drop their asking price - they drop it completely, and approach SMiSA to be the vehicle to facilitate a fan-based takeover. This is unlikely, and fraught with danger - not least in who would become the 'new SG & Co', the people responsible for all the big decisions. That is simply the first problem of many, if a fan-based takeover even got to first base. The two possible ways out I envisaged here may happen, but I'm not convinced. I really cannot see an endgame here. They should have sold to GLS and got out with their legacy intact, and the prospect of a Stewart Gilmour main stand being a genuine one. It is sad though. Whatever the failings Richard Atkinson put in a huge amount of work to get the 10000Hours bid off the ground and fans backed it. It seems a waste for that all to just disappear now. Quote Link to comment Share on other sites More sharing options...
Lord Pityme Posted April 7, 2015 Author Report Share Posted April 7, 2015 It is sad though. Whatever the failings Richard Atkinson put in a huge amount of work to get the 10000Hours bid off the ground and fans backed it. It seems a waste for that all to just disappear now. That was a one way ticket to oblivion for the club, bullet dodged! Quote Link to comment Share on other sites More sharing options...
beyond our ken Posted April 8, 2015 Report Share Posted April 8, 2015 I think a private bid from GLS, or a re-visited 10000hours bid are both boats that have long since sailed. Like him or not, REA and the people he had onboard at the top level, stuck their heads above the parapet to be shot at - and boy, were they shot at. The commitment from rank and file fans in DD pledges was there. It did not fail because of a lack of numbers to kick it off. Far from those numbers falling, given what has happened at Rangers and Hearts, I believe if it had launched, numbers would have grown - but we'll never know. In so many regards, REA, GLS, Fitzy (as 'club legend' role), and the Kibble involvement made life so much easier for us 'ordinary fans'. If things weren't going swimmingly, or for any reason at all things were a bit sticky - they were the target that would come under fire. Fingers would point straight at them, and we would pretty much sit back and let the leadership take the grief. I see no-one around just now willing to take such grief. The only way I see the selling consortium getting the hell out of dodge now is in one of two ways. One, they drastically drop their asking price, which sees a consortium of 'middleweight' Saints minded business people who are currently not visible, come to the fore and take over. We have no 'big hitters' like a Tom Farmer or suchlike to find the consortium's asking price out of their loose change down the back of their sofa. The second way is if they do more than drastically drop their asking price - they drop it completely, and approach SMiSA to be the vehicle to facilitate a fan-based takeover. This is unlikely, and fraught with danger - not least in who would become the 'new SG & Co', the people responsible for all the big decisions. That is simply the first problem of many, if a fan-based takeover even got to first base. The two possible ways out I envisaged here may happen, but I'm not convinced. I really cannot see an endgame here. They should have sold to GLS and got out with their legacy intact, and the prospect of a Stewart Gilmour main stand being a genuine one. first bit in bold-they were never able to deliver the community finance required, so please don't muddy the water. That initiative failed either because of an incorrectly developed proposal or because hidden red tape had the whole thing damned from the start. Second bit in bold-bloody hell i hope not ! looking at some of the recent protagonists for SMISA on here and other media i would give up on the club completely if they got into some sort of official position. Quote Link to comment Share on other sites More sharing options...
TsuMirren Posted April 8, 2015 Report Share Posted April 8, 2015 That was a one way ticket to oblivion for the club, bullet dodged! I think you'll find the bullet hit over the summer. Quote Link to comment Share on other sites More sharing options...
Lord Pityme Posted April 8, 2015 Author Report Share Posted April 8, 2015 I think you'll find the bullet hit over the summer. Naw that was one of they auld Howitzer's Quote Link to comment Share on other sites More sharing options...
pozbaird Posted April 8, 2015 Report Share Posted April 8, 2015 first bit in bold-they were never able to deliver the community finance required, so please don't muddy the water. That initiative failed either because of an incorrectly developed proposal or because hidden red tape had the whole thing damned from the start. Second bit in bold-bloody hell i hope not ! looking at some of the recent protagonists for SMISA on here and other media i would give up on the club completely if they got into some sort of official position. What water am I muddying in the paragraph you highlighted in bold? We were discussing if a new 'fan based' bid could still happen, and there were discussions about who would head up such a bid, become the 'new SG'. My paragraph states that REA, GLS, Fitzy and others, would have been at the sharp end, while us ordinary fans only requirement was to commit to the ten quid a month DDs. Can you clarify? Quote Link to comment Share on other sites More sharing options...
Mid Calder Saint Posted April 8, 2015 Report Share Posted April 8, 2015 Paul I am with you here.2000fans giving £10 per month over 4years equates to £960000 which should be enough now for the consortium.I did prev post 1000fans giving £20 per month surely they could accept settlement in instalments.Three fans right now in West Lothian ready to go.What we now require is SMISA Shareholders and all interested fans to meet and get this up and running.This would be similar to Hearts except that Ann Budge paid £2m to buy the club outright and will be repaid in time from Hearts Foundation. Quote Link to comment Share on other sites More sharing options...
TsuMirren Posted April 8, 2015 Report Share Posted April 8, 2015 Paul I am with you here.2000fans giving £10 per month over 4years equates to £960000 which should be enough now for the consortium.I did prev post 1000fans giving £20 per month surely they could accept settlement in instalments.Three fans right now in West Lothian ready to go.What we now require is SMISA Shareholders and all interested fans to meet and get this up and running.This would be similar to Hearts except that Ann Budge paid £2m to buy the club outright and will be repaid in time from Hearts Foundation. This may be a suggestion of such ludicrous stupidity that it'll never happen, but... How about SMISA just post up their bank account detail on the site and see, just see, what sort of levels of donations they get. Alongside that they can set up a quick form for pledging money going forward and again track all of that. Spread the word through the media, get Phil to mention where to go for info durinjg his PA stuff, get it on the scoreboard, have each steward holding a sandwich board outside the ground, get a van in the car park and stick the info on the side of it, have a free page in the programme, stick flyers out at hospitality and email any contact lists the club has. Just to see what sort of interest we all get. If SG and all are as up for Fan ownership as Div suggested on twitter then they could support this and assist with driving it forwards. Of course, they need to start with a very clear note of what they will accept over what time and give the fans a number of months as preferred bidders. Quote Link to comment Share on other sites More sharing options...
Lord Pityme Posted April 8, 2015 Author Report Share Posted April 8, 2015 This may be a suggestion of such ludicrous stupidity that it'll never happen, but... How about SMISA just post up their bank account detail on the site and see, just see, what sort of levels of donations they get. Alongside that they can set up a quick form for pledging money going forward and again track all of that. Spread the word through the media, get Phil to mention where to go for info durinjg his PA stuff, get it on the scoreboard, have each steward holding a sandwich board outside the ground, get a van in the car park and stick the info on the side of it, have a free page in the programme, stick flyers out at hospitality and email any contact lists the club has. Just to see what sort of interest we all get. If SG and all are as up for Fan ownership as Div suggested on twitter then they could support this and assist with driving it forwards. Of course, they need to start with a very clear note of what they will accept over what time and give the fans a number of months as preferred bidders. I think there may be a bit to much assumption going round that any of the Smisa team actually want to head up a drive to take over 75% shareholding in the club and all the organising, decisions, time etc that goes with it. i am sure they want to be part of any such move, but we may be assuming a helluva lot on others behalf? Quote Link to comment Share on other sites More sharing options...
Mr Optimistic Posted April 8, 2015 Report Share Posted April 8, 2015 A Fan buy out!!! You've got to be joking!! The thought of anyone on this forum having a say in how the club is run would be the end of us. As for Smisa and the fans council.... one can't sell 200 tickets for a legend night (turned into a casino night!!!!) and the other holds its AGM on a bank holiday weekend Jesus everything about St Mirren these days is amateur hour. Quote Link to comment Share on other sites More sharing options...
buddiecat Posted April 8, 2015 Report Share Posted April 8, 2015 I think there may be a bit to much assumption going round that any of the Smisa team actually want to head up a drive to take over 75% shareholding in the club and all the organising, decisions, time etc that goes with it. i am sure they want to be part of any such move, but we may be assuming a helluva lot on others behalf? You would be right in that assumption, with regard to the committee of SMISA. As for members who do not attend meetings - I have no idea whether the right people exist therein. Quote Link to comment Share on other sites More sharing options...
TsuMirren Posted April 8, 2015 Report Share Posted April 8, 2015 I think there may be a bit to much assumption going round that any of the Smisa team actually want to head up a drive to take over 75% shareholding in the club and all the organising, decisions, time etc that goes with it. i am sure they want to be part of any such move, but we may be assuming a helluva lot on others behalf? If that's true, then there's really no point in complaining about the current situation. The current remit of wanting a seat on the board is redundant at best. If the ultimate aim is not majority control then all funds raised should go on activities other than the purchase of shares. I'd much rather my fees fund a youth goalies gloves than the myth that a seat on the board would mean anything other than patronisation and "a wee bit of involvement". "Right, the rest of us think this. What about our SMISA rep there?" - "Well, I..." - "IT DOESN'T MATTER WHAT YOU THINK!" Quote Link to comment Share on other sites More sharing options...
Lord Pityme Posted April 8, 2015 Author Report Share Posted April 8, 2015 If that's true, then there's really no point in complaining about the current situation. The current remit of wanting a seat on the board is redundant at best. If the ultimate aim is not majority control then all funds raised should go on activities other than the purchase of shares. I'd much rather my fees fund a youth goalies gloves than the myth that a seat on the board would mean anything other than patronisation and "a wee bit of involvement". "Right, the rest of us think this. What about our SMISA rep there?" - "Well, I..." - "IT DOESN'T MATTER WHAT YOU THINK!" Thats quite a narrow view if you don't mind me saying? You would like a fan takeover of the club, but at present there isn't a group/body/collective offering to front that. There is however one body dedicated to purchasing as many shares as possible and seeking representation on the board. Perhaps if enough people join Smisa, Within their number some may want to canvass the wider support about a fan-led takeover..? That however would only be the start, any movement needs to have broad agreement about who fronts it, how sustainable any potential takeover could be, the democratic structure, how the club will be able to function effectively without taking on debt, how the whole movement continually grows and reaches out to the whole community.... We all wish someone else would step forward and launch a bid, no one seemingly is willing to set out on that road. Quote Link to comment Share on other sites More sharing options...
TsuMirren Posted April 8, 2015 Report Share Posted April 8, 2015 Thats quite a narrow view if you don't mind me saying? You would like a fan takeover of the club, but at present there isn't a group/body/collective offering to front that. There is however one body dedicated to purchasing as many shares as possible and seeking representation on the board. Perhaps if enough people join Smisa, Within their number some may want to canvass the wider support about a fan-led takeover..? That however would only be the start, any movement needs to have broad agreement about who fronts it, how sustainable any potential takeover could be, the democratic structure, how the club will be able to function effectively without taking on debt, how the whole movement continually grows and reaches out to the whole community.... We all wish someone else would step forward and launch a bid, no one seemingly is willing to set out on that road. SMISA doing it would stop any postings about why they're not involved if someone else did. It's not that narrow a view when you consider how little input they'd get with one seat on the board. Representation will only give a window in to why things happen, but I imagine certain things would be a matter of a confidentiality clause should a SMISA member get on the board. Quote Link to comment Share on other sites More sharing options...
Bud Bundy Posted April 8, 2015 Report Share Posted April 8, 2015 It is sad though. Whatever the failings Richard Atkinson put in a huge amount of work to get the 10000Hours bid off the ground and fans backed it. It seems a waste for that all to just disappear now. Tricky Dicky got a Club Blazer, A Directorship, And free sausage rolls. He was @ chancer Invited on Board to make Gilmour & Co a few Bob ? Quote Link to comment Share on other sites More sharing options...
Lord Pityme Posted April 8, 2015 Author Report Share Posted April 8, 2015 SMISA doing it would stop any postings about why they're not involved if someone else did. It's not that narrow a view when you consider how little input they'd get with one seat on the board. Representation will only give a window in to why things happen, but I imagine certain things would be a matter of a confidentiality clause should a SMISA member get on the board. I get that but no one at Smisa apparently has an interest in launching a bid. It does matter how much we wish it, its not happening. We need to look closer to home if we want that sort of regime change. Quote Link to comment Share on other sites More sharing options...
TsuMirren Posted April 8, 2015 Report Share Posted April 8, 2015 I get that but no one at Smisa apparently has an interest in launching a bid. It does matter how much we wish it, its not happening. We need to look closer to home if we want that sort of regime change. I just think it would be lunacy to try and launch a seperate bid. What is there to stop every SMISA member cancelling their fees to fund the bid? Indeed the absolutely ultimate lunacy would be having to then invite SMISA to become involved/support the bid. Quote Link to comment Share on other sites More sharing options...
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