pod Posted January 21, 2016 Report Posted January 21, 2016 Andy Newport on Twitter is reporting Smisa have offered in the region of £1m Well that's my bid out the window. Quote
jimc87 Posted January 21, 2016 Report Posted January 21, 2016 Andy Newport on Twitter is reporting Smisa have offered in the region of £1m Andy Newport? sounds like a fun guy to be with. In the region of £1m you say? that covers all the bases eh? Jim C Quote
billyg Posted January 21, 2016 Report Posted January 21, 2016 Perhaps this rumoured English bid has forced smisa's hand a bit? That's a possibility but I think the £1m figure is out of the ball park , I believe the anticipated purchase figure , alongside GLS , was considerably less than that ! Quote
pod Posted January 21, 2016 Report Posted January 21, 2016 That's a possibility but I think the £1 figure is out of the ball park , I believe the anticipated purchase figure , alongside GLS , was considerably less than that ! 50 pence. Quote
rea Posted January 21, 2016 Report Posted January 21, 2016 (edited) 50 pence. .. a wee bit more than that...TBF thought i would suggest that any bid will be made up of a cash sum X say £500K followed by more over a couple of years say to take it to Y + £800K with an extra £200K possible depending on performance and transfers, which would then take it to £1m or so. Cannot see £1m being a straight up cash offer in one lump for a number of reasons Edited January 21, 2016 by rea Quote
Lord Pityme Posted January 21, 2016 Report Posted January 21, 2016 Can someone get a steer on this from 'the janny who used to be on the tranny'...? A quick heads up... Tomorrow is Friday...! Quote
Stu Posted January 21, 2016 Report Posted January 21, 2016 Andy Newport on Twitter is reporting Smisa have offered in the region of £1m George Adam quoted here as saying a bid has been made. http://www.dailyrecord.co.uk/sport/football/football-news/st-mirren-fans-make-fresh-7219413#JEYLyEKVtiCTECGb.97 Personally I doubt there is any truth in that. SMiSA would surely have organised a meeting with their membership before making a formal bid. I'm not aware of any such meetings taking place. Yeah, strange if SMiSA have made a bid and the members haven't even been told that's happening. Quote
melmac Posted January 21, 2016 Report Posted January 21, 2016 Three couples are coming to view your house , the first couple say they will have a survey done costing them money. Do you cancel all other couples to view your house. When selling something its first across the line with the ready's. The fact the board have had plenty enquires regarding the sale of the club none have put the cash up when it came to the bit I know that to be a fact. Personally I don't blame them going for all avenues available given the history. What SMiSA should have had in place (or maybe they do) was a Confidentiality and Exclusivity Agreement which would then have allowed them time to do the DD without the worry of having the rug pulled from beneath their feet. Quote
linwood bud Posted January 21, 2016 Report Posted January 21, 2016 Andy Newport? sounds like a fun guy to be with. In the region of £1m you say? that covers all the bases eh? Jim C Only quoting what he said, check out the other thread div is reporting the same Quote
Magic Monkey Posted January 21, 2016 Report Posted January 21, 2016 .. a wee bit more than that...TBF thought i would suggest that any bid will be made up of a cash sum X say £500K followed by more over a couple of years say to take it to Y + £800K with an extra £200K possible depending on performance and transfers, which would then take it to £1m or so. Cannot see £1m being a straight up cash offer in one lump for a number of reasons I guess the issue that would concern me there is the possibility of portions of the club's income being used to pay off the outstanding sale amounts over the next couple of years, if it transpired that there wasn't enough cash coming from the fans to make up the shortfall. Quote
rea Posted January 21, 2016 Report Posted January 21, 2016 I guess the issue that would concern me there is the possibility of portions of the club's income being used to pay off the outstanding sale amounts over the next couple of years, if it transpired that there wasn't enough cash coming from the fans to make up the shortfall. Just like the 10000hours bid i am sure that this will not be possible. It would basically be illegal to do that sort of thing and in theory the only route open would be to pay a dividend on the shares that SMISA own say 51% but that would also mean paying the same dividend to the 49% as there class of shares are effectively the same.....time to find my share certificate! Quote
Magic Monkey Posted January 21, 2016 Report Posted January 21, 2016 Ok, thanks for the clarification. Quote
WeeBud Posted January 21, 2016 Report Posted January 21, 2016 (edited) What SMiSA should have had in place (or maybe they do) was a Confidentiality and Exclusivity Agreement which would then have allowed them time to do the DD without the worry of having the rug pulled from beneath their feet. Maybe they (SMISA) weren't far along the road enough with their proposal to put an "EA" in place yet or maybe haven't asked for such an agreement but certainly not something (at least this bit) to hold against Douglas St. Edited January 21, 2016 by WeeBud Quote
religion is saints Posted January 21, 2016 Report Posted January 21, 2016 I think we can translate this as "I have no idea but I'm going to pretend I do so you think I am important. Not revealing my sources helps to portray that image". Just like your claim to have deep inside knowledge about our players everyone can see straighten through your utter bullshit. We already have Dickson playing the Walter Mitty card. Looks like he has a wee fanboy trying the same thing. Away back to Facebook and give us peace. seriously do u fancy me? I'm not interested in any sort of relationship with u, u troll me around on here commenting on every post, stop stalking me.... Quote
northendsaint Posted January 22, 2016 Report Posted January 22, 2016 So your source is not connected to the club? Either that or you have actually blabbed about discussions you have had with people at the club Only thing revealed was that the club was close to being sold.Something i thought would be good news for our fans who feel we have stagnated in recent years. Quote
aldo_j Posted January 30, 2016 Report Posted January 30, 2016 Hearing that this bid is very much alive, which probably prompted the SMISA bid. All I know is that a football agent is involved and they are "extremely well connected", so probably backs up the Scotland/England link. Quote
buddiecat Posted January 30, 2016 Report Posted January 30, 2016 Hearing that this bid is very much alive, which probably prompted the SMISA bid. All I know is that a football agent is involved and they are "extremely well connected", so probably backs up the Scotland/England link. SMiSA bid was prompted by all factors finally being in place and the desire to get an answer before the season ends, we were and still are unaware of any other bid. I would say that any other bid can only be something to be considered if it has been formally presented to the club. Quote
FTOF Posted January 30, 2016 Report Posted January 30, 2016 Hearing that this bid is very much alive, which probably prompted the SMISA bid. All I know is that a football agent is involved and they are "extremely well connected", so probably backs up the Scotland/England link. Will be interesting to see what they're proposing if they ever break cover. Quote
nosferatu Posted January 31, 2016 Report Posted January 31, 2016 The club was on the verge of being sold a year and a half ago. So close was the sale that Stewart Gilmour bought up a load of shares. So I wouldn't advise anyone to hold their breath... Quote
TediousTom Posted February 4, 2016 Report Posted February 4, 2016 The club was on the verge of being sold a year and a half ago. So close was the sale that Stewart Gilmour bought up a load of shares. So I wouldn't advise anyone to hold their breath... That is good advice indeed. Especially if one has coronary or breathing issues. I also would advise against skateboarding. motorbikes and tightrope walking. Quote
linwood buddie Posted February 4, 2016 Report Posted February 4, 2016 That is good advice indeed. Especially if one has coronary or breathing issues. I also would advise against skateboarding. motorbikes and tightrope walking. I would add to that advice against eating yellow snow. Quote
Bud the Baker Posted February 4, 2016 Report Posted February 4, 2016 I would add to that advice against eating yellow snow. Watch out where the huskies go.............. Quote
HSS Posted February 24 Report Posted February 24 On 1/20/2016 at 5:41 PM, uhura said: What's Reg Brearley up to these days? He died at the weekend Quote
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