Bairnardo Posted August 8, 2023 Share Posted August 8, 2023 Also, Lewis Kidd 0 Quote Link to comment Share on other sites More sharing options...
Chinatoon Bairn Posted August 8, 2023 Share Posted August 8, 2023 Can't be the only one thinking that this is being massively blown out of proportion here.. FSS have acquired a controlling stake in the club and at the moment have the most say in how it is run? Any subscriptions from this point onwards will go towards whatever the FSS see fit, whether that be repayment of the government loan or investment into the infrastructure of the club. 9 Quote Link to comment Share on other sites More sharing options...
Bairnardo Posted August 8, 2023 Share Posted August 8, 2023 Just now, Chinatoon Bairn said: Can't be the only one thinking that this is being massively blown out of proportion here.. FSS have acquired a controlling stake in the club and at the moment have the most say in how it is run? Any subscriptions from this point onwards will go towards whatever the FSS see fit, whether that be repayment of the government loan or investment into the infrastructure of the club. Not if the FSS committee have agreed that all money is handed over to the club, with the club agreeing only to "allow the FSS to make suggestions" on how it was spent. 0 Quote Link to comment Share on other sites More sharing options...
LatapyBairn. Posted August 8, 2023 Share Posted August 8, 2023 2 minutes ago, Chinatoon Bairn said: Can't be the only one thinking that this is being massively blown out of proportion here.. FSS have acquired a controlling stake in the club and at the moment have the most say in how it is run? Any subscriptions from this point onwards will go towards whatever the FSS see fit, whether that be repayment of the government loan or investment into the infrastructure of the club. This is more or less how I’ve been seeing it to be honest. 0 Quote Link to comment Share on other sites More sharing options...
LatapyBairn. Posted August 8, 2023 Share Posted August 8, 2023 Just now, Bairnardo said: Not if the FSS committee have agreed that all money is handed over to the club, with the club agreeing only to "allow the FSS to make suggestions" on how it was spent. But the FSS are the club essentially, with the largest shareholding and two directors on a board of 5 people. Surely the elected directors make decisions on how that money is spent on behalf of the FSS? 0 Quote Link to comment Share on other sites More sharing options...
NavyBlueArmy1876 Posted August 8, 2023 Share Posted August 8, 2023 3 hours ago, FFC 1876 said: Having listened to the last Falkirk FC podcast with Jamie Swinney it really does seem like what we've got just now is going to be our lot. If MacIver or Spencer get injured McGlynn's one way of playing is completely fucked, which is very worrying. He also said we've decided to only take part in the reserve cup this year and not the reserve league so some of our youngsters will go out on loan again this season. Goalkeeper Nicky Hogarth Sam Long - On loan from Lincoln City Owen Hayward (A)Defender Tom Lang Coll Donaldson Liam Henderson Sean Mackie Brad Mckay Leon Mccann Logan Sinclair (A) Midfielder Brad Spencer Stephen McGinn Finn Yeats Ola Lawal Aidan Nesbitt Gary Oliver Callumn Morrison Calvin Miller Alfredo Agyeman Pearse Carroll (A) Scott Honeyman (A) Rhys Walker (A)Striker Jordan Allan Ross MacIver It certainly sounded like we'd be bringing in 1 more player absolute tops, only on loan and only the right quality of player for the right price. You've got to imagine that would be a right back which does leave us short in multiple areas. We budgeted for 2,300 STs and have sold over 2,500. I don't have a problem not increasing the playing budget to reflect that if it allows us to decrease the £400k deficit by say £40k. Dunfermline ran with a small squad last year so it absolutely can work with a bit of luck. Though all three midfielders getting booked on Saturday wasn't a great start. Hopefully the new pitch will cut down on the number of injuries we pick up 0 Quote Link to comment Share on other sites More sharing options...
NUMBER 7 Posted August 8, 2023 Share Posted August 8, 2023 (edited) The way this is heading FSS should get rid of the Government Loan ASAP, before there's insufficient contributors to fund it. Half a leg has been chopped from the Three Legged Stool Edited August 8, 2023 by NUMBER 7 -3 Quote Link to comment Share on other sites More sharing options...
Jimmy1876 Posted August 8, 2023 Share Posted August 8, 2023 35 minutes ago, Chinatoon Bairn said: Can't be the only one thinking that this is being massively blown out of proportion here.. FSS have acquired a controlling stake in the club and at the moment have the most say in how it is run? Any subscriptions from this point onwards will go towards whatever the FSS see fit, whether that be repayment of the government loan or investment into the infrastructure of the club. I hope that's the case. But the reality is the controlling stake, the important stake is the 25%+1 which FSS has been blocked from acquiring. The day to day running of the club I have no qualms with and think the board are doing a great job. But FSS and fan ownership need the 25% to be able to safeguard the future of the club (a phrase used by FSS) and I simply cannot understand the logic of blocking that from happening. All I can think is this is an attempt to prevent FSS having that power and that greatly concerns me. And in the simplest terms, this is what FSS was sold on. I think it's pretty reasonable for people who believed the aim was to own a key shareholding for specific purpose to be upset when that is now being blocked. 3 Quote Link to comment Share on other sites More sharing options...
Dunning1874 Posted August 8, 2023 Share Posted August 8, 2023 26 minutes ago, Chinatoon Bairn said: Can't be the only one thinking that this is being massively blown out of proportion here.. FSS have acquired a controlling stake in the club and at the moment have the most say in how it is run? Any subscriptions from this point onwards will go towards whatever the FSS see fit, whether that be repayment of the government loan or investment into the infrastructure of the club. Is the point here not that the club's board are - allegedly - preventing FSS's shareholding getting over the 25% threshold, which means you could in practice be ignored eternally and don't have a veto on any decisions/special resolutions requiring a 75% vote of shareholders? Obviously in reality there's very little chance of this happening when there's another fan group also holding shares, but in the most drastic scenario there's theoretically nothing to stop a shyster coming along, buying up the shares of other groups and then having a 75%+ stake which would allow them to ram through all manner of decisions about your club regardless of any objections from FSS. It might not be likely, but guarding against that sort of scenario is exactly why fan groups getting a 25% stake in clubs is important. From another angle we had some uproar, although the resolution did pass, when we had a proposal for MCT (who own around 90% of Morton) to sell off shares in 5% blocks as a means of attracting investment, because fans were concerned our influence would be diluted too much by ever falling below 75% and risking one private individual or group being able to buy up 25%+ themselves. Obviously fan groups should eventually get to a place where they're no longer concerned about adding more shares and the money becomes a donation, and circumstances will differ from club to club on whether that level at any given time is 25%, 50% or 75%, but having that cut off anywhere below 25% seems wild to me. 3 Quote Link to comment Share on other sites More sharing options...
FalkirkBairn2021 Posted August 8, 2023 Share Posted August 8, 2023 58 minutes ago, Chinatoon Bairn said: FSS have acquired a controlling stake in the club Have they? 0 Quote Link to comment Share on other sites More sharing options...
Jimmy1876 Posted August 8, 2023 Share Posted August 8, 2023 Can anyone from FSS also confirm this has no impact on the terms of the government loan? When it was announced it was about supporting clubs having a controlling stake in their clubs as well as for building infrastructure in a community focussed club. FSS has now been blocked from that controlling stake so does that have any impact on the loan? 0 Quote Link to comment Share on other sites More sharing options...
LatapyBairn. Posted August 8, 2023 Share Posted August 8, 2023 (edited) 54 minutes ago, FalkirkBairn2021 said: Have they? FSS are the single largest shareholder in the club. Edited August 8, 2023 by LatapyBairn. -2 Quote Link to comment Share on other sites More sharing options...
Bairn winner Posted August 8, 2023 Share Posted August 8, 2023 Really feeling disillusioned with things at FFC, seem to lurch from one fu_k up to another of our own making. -1 Quote Link to comment Share on other sites More sharing options...
ClathyDave Posted August 8, 2023 Share Posted August 8, 2023 Apologies if this has already been posted, but this is a mental stat. 0 Quote Link to comment Share on other sites More sharing options...
PedroMoutinho Posted August 8, 2023 Share Posted August 8, 2023 1 hour ago, Chinatoon Bairn said: Can't be the only one thinking that this is being massively blown out of proportion here.. FSS have acquired a controlling stake in the club and at the moment have the most say in how it is run? Any subscriptions from this point onwards will go towards whatever the FSS see fit, whether that be repayment of the government loan or investment into the infrastructure of the club. FSS don’t have a controlling stake in the club. 1 Quote Link to comment Share on other sites More sharing options...
grahamstonbairn Posted August 8, 2023 Share Posted August 8, 2023 29 minutes ago, LatapyBairn. said: They are the single largest shareholder That does not mean they control the club. 3 Quote Link to comment Share on other sites More sharing options...
LatapyBairn. Posted August 8, 2023 Share Posted August 8, 2023 (edited) 15 minutes ago, grahamstonbairn said: That does not mean they control the club. Did I say it did? It surely does mean the supporters society have considerable influence being the largest shareholder however, bigger than that of any other shareholder even if not a controlling influence. Edited August 8, 2023 by LatapyBairn. 0 Quote Link to comment Share on other sites More sharing options...
RC55 FFC Posted August 8, 2023 Share Posted August 8, 2023 Word of caution, don’t follow the clubs link to match tickets for Saturday as they’ve put up the home end link. Link for Bairns fans is: https://coverangersfc.com/tickets-away/?ftredirect=1 3 Quote Link to comment Share on other sites More sharing options...
AriG-FFC Posted August 8, 2023 Share Posted August 8, 2023 As an FSS member and ordinary punter I find this all very dodgy. Any money from contributions should be withheld until this has been resolved. Was never very comfortable with this whole scenario once we got the government loan. I contributed to attain shares. To be stopped short off what we need is quite frankly scandalous. Pretty miffed by this whole thing. If it is not sorted out soon I will be leaving the FSS. 2 Quote Link to comment Share on other sites More sharing options...
Kevin James Left Knee Posted August 8, 2023 Share Posted August 8, 2023 1 hour ago, Jimmy1876 said: Can anyone from FSS also confirm this has no impact on the terms of the government loan? When it was announced it was about supporting clubs having a controlling stake in their clubs as well as for building infrastructure in a community focussed club. FSS has now been blocked from that controlling stake so does that have any impact on the loan? No - no effect at all.. It is an unsecured loan and the only stipulation is that the Govt is to be updated on any changes to the governance of FSS. 1 Quote Link to comment Share on other sites More sharing options...
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