truesaint Posted January 30, 2020 Report Share Posted January 30, 2020 2 minutes ago, BuddieinEK said: 14 minutes ago, div said: Just as a point of reference though to the people saying that 51% does not constitute having full control of the club..... That's actually a tiny bit more than Gordon owns today (50.1%). Why was such a big deal made of gaining over 71% of the shares in the original BtB proposal if it was never necessary? As we agreed to buy them from GLS to have fan ownership. Doubt he wanted to keep 20% Quote Link to comment Share on other sites More sharing options...
Guest TPAFKATS Posted January 30, 2020 Report Share Posted January 30, 2020 Why was such a big deal made of gaining over 71% of the shares in the original BtB proposal if it was never necessary?The selling consortium had that percentage between them. It was all or nothing. Quote Link to comment Share on other sites More sharing options...
Kombibuddie Posted January 30, 2020 Report Share Posted January 30, 2020 SMiSA are increasing their number of board members to two if the Kibble deal goes through, and four once BTB is complete. David Nicol and David Riley will both be SMiSA reps on the board. Which to be fair both are at the moment and have been ever since David Riley came in.SMISA would be increasing their representation on the board by more than 2 if we stick with the original deal would they not?So "increasing" the fan rep to 2 you say with this new deal.Doesn't sound much of a deal for SMISA representation.David Reilly + ?? or is that David Reilly + David Nicol?If the former, we are getting the same representation on the board for 51% ownership. If the latter, it's no increase whatsoever.It's still 1 for the 29% SMISA&It's still 2 for 27% Kibble.Still stinks. Quote Link to comment Share on other sites More sharing options...
Kombibuddie Posted January 30, 2020 Report Share Posted January 30, 2020 I don't think David Nicol is there as an "official SMiSA" rep at the moment. I might be wrong on that though.You're not wrong on that. David Nicol is there on GLS' request following his tenure as SMISA rep being over.David Reilly is the 1 SMISA rep Quote Link to comment Share on other sites More sharing options...
beyond our ken Posted January 31, 2020 Report Share Posted January 31, 2020 8 hours ago, cockles1987 said: 9 hours ago, beyond our ken said: what an unpleasant little fishing trip you have embarked on there Don't try and deflect your bigoted views as a fishing trip by myself. Nobody’s biting Quote Link to comment Share on other sites More sharing options...
Lord Pityme Posted January 31, 2020 Report Share Posted January 31, 2020 And btw, this is what everyone signed up to with BTB; Remember, the fans owning the club and the fans running the club are not the same thing. For example Barcelona is owned by the fans but they elect a president, who then appoints a board to make the decisions. Our expectation is that a fan-owned St Mirren will see SMISA appoint a board of people qualified to run the club, and - through our majority shareholding - retain the power to change them if we weren’t happy. But the beauty of this model is we have years to work out the detailed structure and make a smooth transition to fan ownership, which Gordon will help us do. In that time we will have a fan on the board and can gain experience of how the club is run – so that when the time comes we as a support will be ready to be owners. All of that remains valid with the new proposal. Only difference being a quarter of the board will be representatives from Kibble. Two business people used to running a business 10 times the size of St.Mirren. SMiSA retain the majority shareholding and the majority in the boardroom. If 51% shareholding isn't enough then someone better tell every German club they are doing it wrong.That is breathtakingly missing the BIG about turn in the club being owned by fans.Over a quarter of the club is being flogged to a group who freely admit they want to make money out of the club.Why the f**k have Smusa members being paying for years to enable this group to waltz in and run the club?There might be a fair few challenging the legality of how thus was sold to them, and are they entitled to have their subscription returned.Again who asked Smisa to enable a quarter of the club to be sold? Quote Link to comment Share on other sites More sharing options...
Lord Pityme Posted January 31, 2020 Report Share Posted January 31, 2020 It's not the same deal, it's better than the original deal. Are you a tory in disguise [emoji6]The "Vote Leave" Kibble media push... absolute bollocks. Quote Link to comment Share on other sites More sharing options...
Lord Pityme Posted January 31, 2020 Report Share Posted January 31, 2020 An outside business wants over a quarter of the club. They will make decisions in their interests, if a decision could be good for the club, or an alternative good for the outsiders they will veto the club option.And once they are in theres not a thing whats left of the smisa membership or fans will be able to do to stop them!Anyone seriously think they'll stop at owning 27.5% of YOUR club..?Scott and his poodles are trying to dress this up as "Fan Ownership" whilst simultaneously SELLING the club..!" Hello.... earth to saints fans, someone is trying to sell your club!"The same suspects tried this same stunt with Atkinson's Disastrous 10000 hours of failure. The same fingerprints are all over this. Dont sleepwalk into losing your club through apathy.Think very carefully where thus could lead, and remember WHY you originally signed up to BtB...Was it so the club could be sold off? Quote Link to comment Share on other sites More sharing options...
Lord Pityme Posted January 31, 2020 Report Share Posted January 31, 2020 I'm pretty sure that it's illegal for a company director to do things like that.Where are they going to get more than 27.5% from?A couple of days back as far as smisa members and saints small shareholders and fans knew... THEY were working towards owning over 75% of the club. Quote Link to comment Share on other sites More sharing options...
bazil85 Posted January 31, 2020 Report Share Posted January 31, 2020 1 hour ago, Lord Pityme said: An outside business wants over a quarter of the club. They will make decisions in their interests, if a decision could be good for the club, or an alternative good for the outsiders they will veto the club option. And once they are in theres not a thing whats left of the smisa membership or fans will be able to do to stop them! Anyone seriously think they'll stop at owning 27.5% of YOUR club..? Scott and his poodles are trying to dress this up as "Fan Ownership" whilst simultaneously SELLING the club..! " Hello.... earth to saints fans, someone is trying to sell your club!" The same suspects tried this same stunt with Atkinson's Disastrous 10000 hours of failure. The same fingerprints are all over this. Dont sleepwalk into losing your club through apathy. Think very carefully where thus could lead, and remember WHY you originally signed up to BtB... Was it so the club could be sold off? Yes. Let's also remember your record over the years of being wrong on so much. Do you seriously not think there's a chance you'll be wrong on that? Quote Link to comment Share on other sites More sharing options...
Lord Pityme Posted January 31, 2020 Report Share Posted January 31, 2020 Yes. Let's also remember your record over the years of being wrong on so much. Do you seriously not think there's a chance you'll be wrong on that? I knew three years ago Kibble would be back in to acquire the club. And now that's happening. Quote Link to comment Share on other sites More sharing options...
aldo_j Posted January 31, 2020 Report Share Posted January 31, 2020 1 minute ago, Lord Pityme said: 2 minutes ago, bazil85 said: Yes. Let's also remember your record over the years of being wrong on so much. Do you seriously not think there's a chance you'll be wrong on that? I knew three years ago Kibble would be back in to acquire the club. And now that's happening. So now the are acquiring the club? Quote Link to comment Share on other sites More sharing options...
Lord Pityme Posted January 31, 2020 Report Share Posted January 31, 2020 So now the are acquiring the club?Haven't you seen the media?Was that a real question? Quote Link to comment Share on other sites More sharing options...
Lord Pityme Posted January 31, 2020 Report Share Posted January 31, 2020 So in LPM'S own words, anyone thinking or intending to vote for the proposal isn't 'considered' or is hard of thinking and to follow that up they are lesser members of SMISA than others.LPM has been asked this a couple of times on this thread and seems to be avoiding it for reasons unknown, let's see if he'll answer it now.LPM are you currently a member of SMISA?Just quoting this so it cant be deleted. It gives people a chance to get the measure of you. Quote Link to comment Share on other sites More sharing options...
truesaint Posted January 31, 2020 Report Share Posted January 31, 2020 23 minutes ago, Lord Pityme said: 25 minutes ago, bazil85 said: Yes. Let's also remember your record over the years of being wrong on so much. Do you seriously not think there's a chance you'll be wrong on that? I knew three years ago Kibble would be back in to acquire the club. And now that's happening. What exactly did you know? I would think many fans would be interested in this if there is information that wasn't communicated that would be relevant. Quote Link to comment Share on other sites More sharing options...
Lord Pityme Posted January 31, 2020 Report Share Posted January 31, 2020 What exactly did you know? I would think many fans would be interested in this if there is information that wasn't communicated that would be relevant.During BtB it was even mooted that smisa could borrow the funds required from a certain former frontman who tried to acquire the club.He and the Kibble issue never went away. Quote Link to comment Share on other sites More sharing options...
waldorf34 Posted January 31, 2020 Report Share Posted January 31, 2020 Stewart Gilmour had lots of dealings with Kibble over the years,be interested to see what he has to say to this proposal. Although judging by the coverage in the press it's a no contest. Quote Link to comment Share on other sites More sharing options...
pod Posted January 31, 2020 Report Share Posted January 31, 2020 (edited) 12 minutes ago, Slartibartfast said: Aye, very good. Now, can you answer the question? Reg Brealey? Must be in his 80's now.(if he's still alive) Have they lifted his bankruptcy. Edited January 31, 2020 by pod Quote Link to comment Share on other sites More sharing options...
portmahomack saint Posted January 31, 2020 Report Share Posted January 31, 2020 1 hour ago, cockles1987 said: If you didn't believe it before, why did you not say so. Saving 1300 folks all that money. Did you post it to warn anyone? You must been cherry picking his posts, he's been insinuating that for the last couple of years Quote Link to comment Share on other sites More sharing options...
aldo_j Posted January 31, 2020 Report Share Posted January 31, 2020 2 hours ago, Lord Pityme said: Haven't you seen the media? Was that a real question? ‘Acquire the club’ would imply they are taking full ownership of the club. Buying a stake in the club is more accurate. Quote Link to comment Share on other sites More sharing options...
Lord Pityme Posted January 31, 2020 Report Share Posted January 31, 2020 ‘Acquire the club’ would imply they are taking full ownership of the club. Buying a stake in the club is more accurate. Acquiring more than a quarter?At least to begin with. Quote Link to comment Share on other sites More sharing options...
Guest TPAFKATS Posted January 31, 2020 Report Share Posted January 31, 2020 I'm pretty sure that it's illegal for a company director to do things like that.Where are they going to get more than 27.5% from?There's certainly potential for conflict if interest in having directors who are employees of kibble. Not suggesting anything illegal, simply that their employers aims may be different from that of smfc with regards to any issue.I'm sure the answer will be something around working in partnership encouraging kibble and SMFC to move in same direction. Quote Link to comment Share on other sites More sharing options...
bazil85 Posted January 31, 2020 Report Share Posted January 31, 2020 3 hours ago, Lord Pityme said: 3 hours ago, bazil85 said: Yes. Let's also remember your record over the years of being wrong on so much. Do you seriously not think there's a chance you'll be wrong on that? I knew three years ago Kibble would be back in to acquire the club. And now that's happening. Doesn't make it a bad thing which is what you've been banging on about. You have been wrong with so much regarding BTB, SMISA and GLS, odds are you'll be wrong again. Quote Link to comment Share on other sites More sharing options...
pod Posted January 31, 2020 Report Share Posted January 31, 2020 17 minutes ago, bazil85 said: Doesn't make it a bad thing which is what you've been banging on about. You have been wrong with so much regarding BTB, SMISA and GLS, odds are you'll be wrong again. He'll keep banging on until someone agrees with him. Quote Link to comment Share on other sites More sharing options...
Lord Pityme Posted January 31, 2020 Report Share Posted January 31, 2020 He'll keep banging on until more people agree with him. Fify Quote Link to comment Share on other sites More sharing options...
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