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  2. I can see Kibble flattening the Stadium and building a huge Indoor Skatepark in its place for the youth of Renfrewshire. My daughter and her pals would be ecstatic.
  3. So what you are saying is that it's your opinion that a 27% shareholder, with a quarter of the seats on the board, will be running the club as opposed to the shareholder with 51% and three quarters of the seats on the board. It's important to differentiate your own opinion from facts that are written down on the website.
  4. How naive are you? Do you actually think shareholders run companies? I bet the banks would love you as a shareholder.
  5. Kibble will get two places on the club board, starting in the interim phase and continuing thereafter. Under the terms of the legal agreement if the board was to expand in future the number of directors would reflect the percentage shareholdings – so Kibble will always have at least a quarter of the board and SMISA at least half. Kibble are making a substantial investment in St Mirren – both financially and in terms of staff time – so their board reps will oversee how that is managed. We see this as a positive – Kibble are a massive Scotland-wide organisation for whom good governance is crucial. They can bring substantial skills, experience and contacts to St Mirren’s boardroom. Whoever Kibble choose to fill those places would have to be mutually agreed with SMISA. So, 1) SMiSA have to agree to Kibble's two board members. 2) SMiSA will always have a larger board representation then Kibble. 3) SMiSA will always have a larger shareholding than Kibble. 4) Kibble will provide contacts 5) Kibble will provide skills and experience. 6) Kibble's board members will oversee their financial and staff investment. How does this equate to a takeover by Kibble?
  6. Who gets the profits if they are a business and not a charity ?
  7. Smisa members own 30% at present and are consulted on nothing except rifling their funds... sometimes...Again it's in the proposal Kibble will say how things are, Scott will approve it, as will the Smisa poodles. Its them putting it forward. Its all gone a bit "10000 Atkinson" again... The myriad of start, stop, dropped, rehashed pie in the sky pish that almost obliterated the [email protected]
  8. Couldn't they have set one up in our carpark cheaper.
  9. Nope Kibble are in reality a business who make profit, quite a lot of profit. I do laugh at all this community guff talked about them. These days most of the young people under their supervision dont come from Paisley, Renfrewshire or even SCOTLAND! That's how they take the cash in, by becoming a "Young Vulnerabe Care Tourist" resort.
  10. Kibble will get two places on the club board, starting in the interim phase and continuing thereafter. Under the terms of the legal agreement if the board was to expand in future the number of directors would reflect the percentage shareholdings – so Kibble will always have at least a quarter of the board and SMISA at least half. Kibble are making a substantial investment in St Mirren – both financially and in terms of staff time – so their board reps will oversee how that is managed. We see this as a positive – Kibble are a massive Scotland-wide organisation for whom good governance is crucial. They can bring substantial skills, experience and contacts to St Mirren’s boardroom. Whoever Kibble choose to fill those places would have to be mutually agreed with SMISA. So, erm, it doesn't say they will be running the club then?
  11. There are a number of very good reasons why football authorities eventually clamped down on Third party ownership of players. The conflicting interests of those parties meant that the interests of the player were sidelined. Why on earth would you vote for "Third Party Ownership" of St Mirren..? The interests of the fans will ge sidelined!
  12. Watching goodies interview on Sunday, he was hoping to get a couple of bodies in 'earlier in the week rather than Thursday or Friday' so hopefully some news today
  13. Kibble will get two places on the club board, starting in the interim phase and continuing thereafter. Under the terms of the legal agreement if the board was to expand in future the number of directors would reflect the percentage shareholdings – so Kibble will always have at least a quarter of the board and SMISA at least half. Kibble are making a substantial investment in St Mirren – both financially and in terms of staff time – so their board reps will oversee how that is managed. We see this as a positive – Kibble are a massive Scotland-wide organisation for whom good governance is crucial. They can bring substantial skills, experience and contacts to St Mirren’s boardroom. Whoever Kibble choose to fill those places would have to be mutually agreed with SMISA.
  14. Ricky has it right. most charities will have reserves to help them cope with unexpected drops in income or extra costs etc they (their accountants) may try to make it look like a break-even year on year, in order to keep getting council or govt funding. some mega charities like oxfam, rspb, lifeboats do make profits that are reinvested... and don’t necessarily get govt grants.
  15. Joined Smisa - Left because something you agreed with (yet didn't vote for) received less than 1% support Joined Smisa committee - And thank god you're not there anymore Raging at the continued progress of SMFC under GLS stewardship. 🤣 GLS hasn't plundered a penny from SMISA membership funds, not once, zero.
  16. Can you point out the bit where it says Kibble will be running the club please? Much obliged, I must have missed it!
  17. And again... Kibble will be running the club, ffs it's in the proposal and Q&A... Smisa members will have as much influence as they have now which is f**k all... But they will still see their funds utilized.. cough cough...
  18. They are a non-profit making organisation, That just means any profits they do make are re-invested back into the organisation rather than paid out to shareholders.
  19. I like that Scott, Smisa Kibble etc have got their PR machine up and running. Did they discuss slating anyone with a differing/rebellious view at the meeting?
  20. Not necessarily. There are also advantages in taxation, gift aid and rates relief amongst others.
  21. To put the Kibble investment into context, at around £300K...... Two years ago they spent £3m setting up a Go-Kart track in Hillington.
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