FalkirkBairn2021 Posted August 9, 2023 Share Posted August 9, 2023 7 minutes ago, LatapyBairn. said: We have still to hear from the club and also the FSS on the particulars of this, I’d rather wait to hear the detail as I genuinely don’t think the the FSS will be blocked from reaching the 25% + 1 target via one mechanism or another they’ll get there sooner rather than later but regardless of how it all pans out longer term anyway I doubt it would stop me from paying my monthly debit as I realise that would only harm the club. I think that's fine. As I said above if FSS spell out 'the new normal' it gives people the chance to choose As we've seen on here opinions are very divided on whether fans can support that new approach but as long as its a free choice no one can complain. There will be loads of FSS contributors who feel like you. That's all right. I'm glad the club will still get your contributions. 1 Quote Link to comment Share on other sites More sharing options...
ShaggerG Posted August 9, 2023 Share Posted August 9, 2023 19 minutes ago, LatapyBairn. said: Good post, I won’t cancel either as in the end it’s only going to harm the club. I also always presumed once the FSS reached the 25% +1 my money would indeed become more of a glorified donation, I’m fine with that so long as it’s helping the club and I’m satisfied the money is being used wisely. I don’t think it’s realistic for the club to be continually issuing share’s indefinitely, that would become a bit ridiculous. I liked the 3 legged stool model. TBH, for various reasons, I wouldn't want the club to be owned entirely by the FSS, but I most certainly want us to get to the 25%+ bit to ensure that we can stop unwanted external interference, which is the whole point of the organisation. We can't keep issuing shares and we do need to encourage outside investment from the right people. For example, if I won the Euromillions I'd be wanting to buy into the club in a big way (wouldn't be easy as I don't so it!) So we need to be flexible in considering such a possibility. I too would continue my contributions knowing that the money is basically a donation to the club once the shares have been bought, but it's got to be on the FSS's terms, i.e. we decide how and when the money is spent because we don't want the club to depend on this money as part of normal income. Once the financial problems are sorted (if ever) I would want the club to run on it's own merits without having to rely on donations to survive. Rather than the club inviting suggestions from the FSS on how the cash is spent, it should be the other way round IMO. 4 Quote Link to comment Share on other sites More sharing options...
Chinatoon Bairn Posted August 9, 2023 Share Posted August 9, 2023 Olumide Durojaiye. 4 Quote Link to comment Share on other sites More sharing options...
LatapyBairn. Posted August 9, 2023 Share Posted August 9, 2023 (edited) 15 minutes ago, Van_damage said: The club have apparently said they’re ok with the FSS trying to retrieve shares from the estates of shareholders who are no longer with us but I find that a bit insulting to the constitution of the FSS to be honest. It wouldn’t be good enough for me and that process could take a long time with many of these shareholders only having a couple of shares to their name. You then have to trust that the club will sanction the last transfer of shares that will take them over 25+1%. They’ve moved the goal posts already so what’s to say they won’t move them further when that point is near. The wording of the FSS newsletter is that the board are understanding of their aim to get over 25%. That’s a little ambiguous to me. What is there to lose by not just selling the shares to FSS just now and put an end to this debacle? There may be quicker method than that, a large shareholder or group of shareholders may decide to donate shares to the FSS with the clubs approval and full backing. That could be done in days. Edited August 9, 2023 by LatapyBairn. 0 Quote Link to comment Share on other sites More sharing options...
HopeStreetWalker Posted August 9, 2023 Share Posted August 9, 2023 18 minutes ago, LatapyBairn. said: There may be quicker method than that, a large shareholder or group of shareholders may decide to donate shares to the FSS with the clubs approval and full backing. That could be done in days. As in any shareholder vote you can empower a proxy 3rd party to vote on your behalf. If shares are left by an individual in their estate I cannot see the club objecting for no other reason it would be a PR disaster. 0 Quote Link to comment Share on other sites More sharing options...
bobbydazzler Posted August 9, 2023 Share Posted August 9, 2023 3 minutes ago, HopeStreetWalker said: As in any shareholder vote you can empower a proxy 3rd party to vote on your behalf. If shares are left by an individual in their estate I cannot see the club objecting for no other reason it would be a PR disaster. Falkirk FC usually the shining light on the PR front 0 Quote Link to comment Share on other sites More sharing options...
FFC 1876 Posted August 9, 2023 Share Posted August 9, 2023 41 minutes ago, Chinatoon Bairn said: Olumide Durojaiye. Had so much hope for him. 0 Quote Link to comment Share on other sites More sharing options...
scottsdad Posted August 9, 2023 Share Posted August 9, 2023 Dennon Lewis -1 Quote Link to comment Share on other sites More sharing options...
Higgenarse Posted August 9, 2023 Share Posted August 9, 2023 1 minute ago, scottsdad said: Dennon Lewis We can all have a laugh and joke but there is no need for language like that 4 Quote Link to comment Share on other sites More sharing options...
Blame Me Posted August 9, 2023 Share Posted August 9, 2023 2 minutes ago, scottsdad said: Dennon Lewis You had to go and ruin it ... 1 Quote Link to comment Share on other sites More sharing options...
scottsdad Posted August 9, 2023 Share Posted August 9, 2023 Sorry guys. I just got carried away.... 0 Quote Link to comment Share on other sites More sharing options...
grumpyoldman Posted August 9, 2023 Share Posted August 9, 2023 1 hour ago, ShaggerG said: I liked the 3 legged stool model. TBH, for various reasons, I wouldn't want the club to be owned entirely by the FSS, but I most certainly want us to get to the 25%+ bit to ensure that we can stop unwanted external interference, which is the whole point of the organisation. We can't keep issuing shares and we do need to encourage outside investment from the right people. For example, if I won the Euromillions I'd be wanting to buy into the club in a big way (wouldn't be easy as I don't so it!) So we need to be flexible in considering such a possibility. I too would continue my contributions knowing that the money is basically a donation to the club once the shares have been bought, but it's got to be on the FSS's terms, i.e. we decide how and when the money is spent because we don't want the club to depend on this money as part of normal income. Once the financial problems are sorted (if ever) I would want the club to run on it's own merits without having to rely on donations to survive. Rather than the club inviting suggestions from the FSS on how the cash is spent, it should be the other way round IMO. If someone comes along with a proposal to invest in the club surely new shares would need to be issued, if not whose shares would they buy. Rawlins, The Patrons. 1 Quote Link to comment Share on other sites More sharing options...
FalkirkBairn2021 Posted August 9, 2023 Share Posted August 9, 2023 I'll always have a soft spot for Dennon Lewis as that whole false racism thing and the board f**k up actually made many fans realise how fucking terrible our board actually were and was one of the catalysts for us ending up horsing them. Thanks Dennon. 0 Quote Link to comment Share on other sites More sharing options...
Proudtobeabairn Posted August 9, 2023 Share Posted August 9, 2023 Chris Smith 0 Quote Link to comment Share on other sites More sharing options...
NavyBlueArmy1876 Posted August 9, 2023 Share Posted August 9, 2023 Andy Haworth 0 Quote Link to comment Share on other sites More sharing options...
Chinatoon Bairn Posted August 9, 2023 Share Posted August 9, 2023 Been a harrowing experience reading the number of shite players that we have had over the years. What an 11 we could potentially have. 0 Quote Link to comment Share on other sites More sharing options...
Zbairn Posted August 9, 2023 Share Posted August 9, 2023 4 hours ago, LatapyBairn. said: Good post, I won’t cancel either as in the end it’s only going to harm the club. I also always presumed once the FSS reached the 25% +1 my money would indeed become more of a glorified donation, I’m fine with that so long as it’s helping the club and I’m satisfied the money is being used wisely. I don’t think it’s realistic for the club to be continually issuing share’s indefinitely, that would become a bit ridiculous. I agree with this ...... but the FSS have to get to the 25%+1 first. How are they supposed to do that if the club wont sell them the shares ? 0 Quote Link to comment Share on other sites More sharing options...
Ranaldo Bairn Posted August 9, 2023 Share Posted August 9, 2023 Toufik Zerara 0 Quote Link to comment Share on other sites More sharing options...
Shodwall cat Posted August 9, 2023 Share Posted August 9, 2023 What do the other clubs with major supporter involvement get for their monthly investment. The likes of st mirren, Motherwell , Morton, hearts etc? 0 Quote Link to comment Share on other sites More sharing options...
LatapyBairn. Posted August 9, 2023 Share Posted August 9, 2023 20 minutes ago, Zbairn said: I agree with this ...... but the FSS have to get to the 25%+1 first. How are they supposed to do that if the club wont sell them the shares ? I think the FSS will soon get the required shareholding and hopefully everybody moves on. All the drama isn’t good for the club, it needs to stop. 0 Quote Link to comment Share on other sites More sharing options...
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