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Bud the Baker

Six Years (And One Week)!

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The sellers have been asking too much. They Wanted millions for something that essentially looses money.

You must be a rocket scientist when you are not flooding BAWA with useless threads to be an attention seeker.

Imagine purchasing a football club that actually makes a profit after all the market is flooded with them.

NOT

SO take it you wont be helping the fans buy out this time around also.

Edited by Isle Of Bute Saint

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You must be a rocket scientist when you are not flooding BAWA with useless threads to be an attention seeker.

Imagine purchasing a football club that actually makes a profit after all the market is flooded with them.

NOT

SO take it you wont be helping the fans buy out this time around also.

Let's look at the reality of the situation - the Consortium clubbed together to maximize the value of their shares at the expense of the rest of us shareholders and non-shareholders alike. If they could've made a deal quickly I'd have said "fair play to them" but it's six years and three months now since the the decision was announced officially and as scoop1987 says it was no spur of the moment decision.

The Consortium have used up all the goodwill I had for them from the first decade of their tenure, I'm not inclined to give them any more than a token £5 a share and a don't let the door hit yer arse on the way out now and that offer, although not the sour grapes, should be extended to Ken McGeoch & GLS (if he wants out) too.

*******************

In fact I'd be inclined to limit the offer to sales to the shares held as of early 2008 - the quote below come originally from scoop1987 who has since been posted MIA.

The following is a breakdown of where the £2million selling price would have went in 2008 and as of todays date.

2008

Stuart Gilmour 24,259 shares £403,912

George Cambell 21,209 shares £353,129

Alan Marshall 7,670 shares £127,705

Evelyn Purvis 12,842 shares £213,479

Brian McAusland 21,722 shares £361,671

Gordon Scott 15,224 shares £253,479

Ken McGeoch 17,154 shares £285,614

In late 2008 George Cambell bought 4,284 additional shares and Brian McAusland bought 5,701 shares. This allowed them to sell a controlling interest in the club without including Scott and McGeoch thus ignoring the gentlemens agreement between all board members that if they ever sold they would sell as a group.

Roughly 120,000 shares at a fiver a pop is £600k

Edited by Bud the Baker

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You must be a rocket scientist when you are not flooding BAWA with useless threads to be an attention seeker.Imagine purchasing a football club that actually makes a profit after all the market is flooded with them.NOTSO take it you wont be helping the fans buy out this time around also.

What the devil are you on about?

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It's difficult to know what is falling faster, the cash value of the club or the standard of on-field performance. What is certain is that the latter directly affects the former.

But with a current BoD that won't invest anything more financially (no judgements passed either way on this) and seem to be content with the level of our team and manager's performances it's a vicious circle.

The truth is there has been at least two, maybe even three, four or five pretty decent offers to buy the shares that are for sale, but the selling consortium felt the could hold out for a better price...

I'd bet they'd bite off the hands of GLS or REA now, if those deals were tabled again.

The club is now worth significantly less than it was and considerably more than it will be by next summer. Let's hope SMiSA et al can get their deal together and on the table soon so we can see St Mirren on the up again. The club is falling apart and change is needed.

I hope someone is able to offer it soon.

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The REA offer was as good an offer as the club were ever likely to receive but Gilmour and some fans didn't trust the support to come up with the cash over the few years it was required to fund the deal. Meanwhile HMFC and MFC are getting on with it. Talk about shooting ourselves in both feet!

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The REA offer was as good an offer as the club were ever likely to receive but Gilmour and some fans didn't trust the support to come up with the cash over the few years it was required to fund the deal. Meanwhile HMFC and MFC are getting on with it. Talk about shooting ourselves in both feet!

The fans had pledged their cash target and a bit extra, the business people who were supposed to be in the background and ready to stump up quite simply did not, therefore the board pulled the plug on it as they could quite rightly see there would have been no money to run the club after the shares were paid for, they have a duty to ensure they sell the club to people who have a credible plan for the clubs future.

The clubs value does not affect the asking price for shares in this situation (it might if we were Barcelona or Real Madrid)

Hearts are faring best in their buyout as they have a large fanbase who will stump up their cash and will also keep turning up to support their team, they are in Edinburgh and can attract more investment because of that. Motherwell fans are not doing well at all (and they were gifted shares), they have a stadium which is in need of repair and do not have the fanbase and continued support from local people and investors, there are 2 large clubs in their area (and ours) who attract more investment and fans in the greater Glasgow area than well or ourselves could (obviously) We are in a better position than well are, because we have a modern stadium.

Our main objectives will be to get lots of smaller local businesses to invest in the idea and also to convince local people to turn out for our home games.

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The fans had pledged their cash target and a bit extra, the business people who were supposed to be in the background and ready to stump up quite simply did not, therefore the board pulled the plug on it as they could quite rightly see there would have been no money to run the club after the shares were paid for, they have a duty to ensure they sell the club to people who have a credible plan for the clubs future.

The clubs value does not affect the asking price for shares in this situation (it might if we were Barcelona or Real Madrid)

Hearts are faring best in their buyout as they have a large fanbase who will stump up their cash and will also keep turning up to support their team, they are in Edinburgh and can attract more investment because of that. Motherwell fans are not doing well at all (and they were gifted shares), they have a stadium which is in need of repair and do not have the fanbase and continued support from local people and investors, there are 2 large clubs in their area (and ours) who attract more investment and fans in the greater Glasgow area than well or ourselves could (obviously) We are in a better position than well are, because we have a modern stadium.

Our main objectives will be to get lots of smaller local businesses to invest in the idea and also to convince local people to turn out for our home games.

The £1.25m bid was fully funded both by the Fans and business people and was underwritten so the money would all be paid.

Not as many Club memberships were sold as was hoped but some much larger one off sums were available instead.

But you have seen a copy of the offer made....of course?

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The £1.25m bid was fully funded both by the Fans and business people and was underwritten so the money would all be paid.

Not as many Club memberships were sold as was hoped but some much larger one off sums were available instead.

But you have seen a copy of the offer made....of course?

None of the people putting up the money (the fans) ever got to see any detail!

But I bet the folks at Kibble and The Church knew much more than the funders.

#dataprotectionbreach

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Have had the great pleasure to spend a few hours with Jameis Winston this week I did ask if he'd be interested in buying a soccer team and that one month's cheque would probably cover it but he reckons it's a girl's game. Sorry guys, I tried lol.

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Have had the great pleasure to spend a few hours with Jameis Winston this week I did ask if he'd be interested in buying a soccer team and that one month's cheque would probably cover it but he reckons it's a girl's game. Sorry guys, I tried lol.

Who he ?

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