Lord Pityme Posted January 21, 2016 Report Share Posted January 21, 2016 Given that the available info states this is just a 'proposed' bid by Smisa, and as yet there had been no reaction from the selling cartel, may be a few people might be getting a bit ahead of themselves! The selling cartel have as has been mentioned on this board, so far not given Smisa a figure they would accept, with that in mind its highly likely they may not agree with the proposal. Perhaps hoping the 'Mythical' Anglo Scottish bid tops what the fans are offering.... But at least the milliion quid figure is out there now. If they are looking for more tell them the fans bid will be back after the parachute payments run out. Quote Link to comment Share on other sites More sharing options...
div Posted January 21, 2016 Author Report Share Posted January 21, 2016 "In the region of £1m". How big is a region? Quote Link to comment Share on other sites More sharing options...
pod Posted January 21, 2016 Report Share Posted January 21, 2016 This much! Apologies to our female viewers but it was the only image I could find at short notice. Can we have more please. Quote Link to comment Share on other sites More sharing options...
pod Posted January 21, 2016 Report Share Posted January 21, 2016 Ann Sold for around £30m Gordon was reported to have sold for enough to make him a millionaire, having been at both there Gaffs, neither are short for cash, though GLS football shirt collection is significantly bigger Because there all Yardley's. Quote Link to comment Share on other sites More sharing options...
Stu Posted January 21, 2016 Report Share Posted January 21, 2016 (edited) For what it's worth the attached documents give details of every shareholder when the accounts were filed in 2014 (the ones for last year aren't yet available on the Companies House website). You can't see the individual make-up of the selling consortium's shares as they are in Douglas Street. It's been lodged at Companies House so I don't think any confidences are being broken! application-pdf.pdf Edited January 21, 2016 by Stu Quote Link to comment Share on other sites More sharing options...
Drew Posted January 21, 2016 Report Share Posted January 21, 2016 If this goes through, I'll be excited and shitting myself in equal measure. That's what football should be all about.... Bring it on!!!! Quote Link to comment Share on other sites More sharing options...
Wilbur Posted January 21, 2016 Report Share Posted January 21, 2016 If this goes through, I'll be excited and shitting myself in equal measure. That's what football should be all about.... Bring it on!!!! I don't think I've ever known anyone that measures their shit. Or their excitement. Why would you do that ? What measurement scale do you use ? Quote Link to comment Share on other sites More sharing options...
beyond our ken Posted January 21, 2016 Report Share Posted January 21, 2016 It could be that the speculation over the other offer has prompted the smisa camp to go public I'd be happier to see the English mob take over if they are fully funded There seems to be a half arsed aspect to the smisa arrangements that just looks very fragile Km Quote Link to comment Share on other sites More sharing options...
repairman Posted January 21, 2016 Report Share Posted January 21, 2016 Would McGeoch want to be part of the new regime and would REA want to be involved? Quote Link to comment Share on other sites More sharing options...
thomsons dropped it Posted January 21, 2016 Report Share Posted January 21, 2016 I don't think I've ever known anyone that measures their shit. Or their excitement. Why would you do that ? What measurement scale do you use ? Just wait until you are my age and the NHS send you the Yearly Bowel Cancer Test kit........ Got this years one yesterday. Quote Link to comment Share on other sites More sharing options...
buddiecat Posted January 21, 2016 Report Share Posted January 21, 2016 Just wait until you are my age and the NHS send you the Yearly Bowel Cancer Test kit........ Got this years one yesterday. You must be at risk Gerry, every 2 years i get mine, i never want to show my face in Dundee in case someone from the test place hears my name and puts a number 2 and 2 together Quote Link to comment Share on other sites More sharing options...
LoganSMFC Posted January 21, 2016 Report Share Posted January 21, 2016 Ann Sold for around £30m Gordon was reported to have sold for enough to make him a millionaire, having been at both there Gaffs, neither are short for cash, though GLS football shirt collection is significantly bigger I really hope the news of this bid attracts the attention of a consortium with more cash to invest than the smisa/scott partnership. Quote Link to comment Share on other sites More sharing options...
elvis Posted January 21, 2016 Report Share Posted January 21, 2016 (edited) Im sure Gordon Scott sold his business for 8 million. Edited January 21, 2016 by elvis Quote Link to comment Share on other sites More sharing options...
davidg Posted January 21, 2016 Report Share Posted January 21, 2016 (edited) Im sure Gordon Scott sold his business for 8 million.I thought it was £2.8m, give or take.ETA- quick Google search suggests it was 2.8 Edited January 21, 2016 by davidg Quote Link to comment Share on other sites More sharing options...
thomsons dropped it Posted January 21, 2016 Report Share Posted January 21, 2016 You must be at risk Gerry, every 2 years i get mine, i never want to show my face in Dundee in case someone from the test place hears my name and puts a number 2 and 2 together Getting forgetful Peter........ It was 2 years. Quote Link to comment Share on other sites More sharing options...
beyond our ken Posted January 21, 2016 Report Share Posted January 21, 2016 Really, what can smisa offer. No discernable business expertise and no business plan on the table. Any money generated will initially go to recompense GLS. Once he has recovered his cash he is gone. At that point we are extremely vulnerable. Even the status quo is preferrable to what smisa can deliver Quote Link to comment Share on other sites More sharing options...
Magic Monkey Posted January 21, 2016 Report Share Posted January 21, 2016 I don't think I've ever known anyone that measures their shit. Or their excitement. Why would you do that ? What measurement scale do you use ? You've never weighed yourself before and after having a poo, just out of... curiosity?! I mean, I haven't either. Honestly. Quote Link to comment Share on other sites More sharing options...
beyond our ken Posted January 21, 2016 Report Share Posted January 21, 2016 If GLS is involved as a way to get back his shareholding value, will the fans be required to cover all his costs? What if there is borrowing involved on his part Do we cop for that Quote Link to comment Share on other sites More sharing options...
pod Posted January 21, 2016 Report Share Posted January 21, 2016 I thought it was £2.8m, give or take. ETA- quick Google search suggests it was 2.8 He was close. He got the 8 right. Quote Link to comment Share on other sites More sharing options...
Drew Posted January 21, 2016 Report Share Posted January 21, 2016 If GLS is involved as a way to get back his shareholding value, will the fans be required to cover all his costs? What if there is borrowing involved on his part Do we cop for that What costs? Quote Link to comment Share on other sites More sharing options...
rea Posted January 21, 2016 Report Share Posted January 21, 2016 What costs? There will be thousands of pounds of legal and accounting costs. There was at Hearts in just writing the contract between Bidco and Fanco. Does each party pay there own costs or do they all go into a big repayment pot. There will also be stamp duty and lots of sundry stuff. A takeover even of thus scale will cost thousands if not tens of thousands. SMISA have already spent thousands on the finance report via SD Quote Link to comment Share on other sites More sharing options...
Drew Posted January 22, 2016 Report Share Posted January 22, 2016 There will be thousands of pounds of legal and accounting costs. There was at Hearts in just writing the contract between Bidco and Fanco. Does each party pay there own costs or do they all go into a big repayment pot. There will also be stamp duty and lots of sundry stuff. A takeover even of thus scale will cost thousands if not tens of thousands. SMISA have already spent thousands on the finance report via SD Thanks. Helpful to know the specifics. Quote Link to comment Share on other sites More sharing options...
div Posted January 22, 2016 Author Report Share Posted January 22, 2016 Communication from SMiSA; Dear SMiSA member You may have spotted stories in the media today which reported the trust has made an offer for shares held in St Mirren. With this in mind, we wanted to bring members up to date on progress with our bid. As you know, we have been working with former St Mirren director Gordon Scott with the aim of buying into the club. The basic structure of the proposed deal would see Gordon put up a substantial sum and SMiSA fundraising the rest from the supporters, with Gordon becoming chairman and main shareholder, and SMiSA getting a place on the board. However there would be a legal agreement allowing us to buy Gordon out over the long term and thus achieve majority fan ownership of the club at some point in the future. We have submitted a conditional proposal to the consortium, and would stress that one of the conditions is that nothing will be formalised without the approval of SMiSA members. So if a deal was to be agreed in principle with the consortium, we would put the terms of that before our members and ask them to vote on whether we proceed. If the membership agreed, we would start fundraising, and the wider support would then have it in their power to make it happen. As things stand, no agreement has been made with the consortium. However we remain in contact with them and look forward to maintaining a positive dialogue. We have been working on this process behind the scenes now for months and while it has gone on longer than we would have liked, that is because we are determined to do it right. We believe that nobody will take better care of our club than you, the supporters, and that working with Gordon offers a sustainable route through which the fans can safeguard St Mirren’s future. Ultimately we are negotiating on behalf of you, the supporters, and we take that responsibility seriously. We are only going to put a deal in front of the fans if we are confident it is robust and viable – at which point it would be your call what happens next. We hope you appreciate that due to the sensitive nature of the discussions, we are unable to say any more than we have at present, however we will keep members updated where it is appropriate to do so. The SMiSA committee Quote Link to comment Share on other sites More sharing options...
div Posted January 22, 2016 Author Report Share Posted January 22, 2016 All of the above perfectly fair and sensible IMO. Quote Link to comment Share on other sites More sharing options...
Drew Posted January 22, 2016 Report Share Posted January 22, 2016 All of the above perfectly fair and sensible IMO. Absolutely. Quote Link to comment Share on other sites More sharing options...
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