Vietnam91 Posted May 23 Share Posted May 23 (edited) There are 300,831 shares in circulation. The WS currently hold 71.7%. The rest are held by a number of people (the list is available at companies house - however is both out of date and incorrect, my name isn’t on the list despite holding mine for over 10 years). The vast majority of the other 28.3% are held by 4-5 individuals. At the AGM it was explained that to facilitate anything new shares would be issued (at present the maximum the WS could surrender is 21.6% to remain majority owner). Suppose it would be some sort of dilution similar to how Fergus McCann refinanced the building of Parkhead and Sevco did a few times in the last decade. At the same AGM we were told the money involved was “not transformational” therefore it seems quite a lot of hassle and faff when a more robust and hungry commercial department stewarded by our new CEO could be bringing in ball park roughly what is rumoured. But as I said a few weeks back, ownership is one thing, control is another. Kibble control St Mirren despite holding 27% which seems counter productive to the whole fan ownership model. Edited May 23 by Vietnam91 4 Quote Link to comment Share on other sites More sharing options...
Swello Posted May 23 Share Posted May 23 16 minutes ago, Vietnam91 said: But as I said a few weeks back, ownership is one thing, control is another. Kibble control St Mirren despite holding 27% which seems counter productive to the whole fan ownership model. We don't need to look any further than ourselves for this - the Well Society doesn't "control" the club in any meaningful sense as things stand - something that would actually have to change for me to vote (either as a private shareholder or as a 'Well society member) for any incoming investor. 1 Quote Link to comment Share on other sites More sharing options...
capt_oats Posted May 23 Share Posted May 23 Sorry to move the chat away from shareholdings and investor stuff but is this a low key acknowledgement of Slattery sticking around or just us giving mixed messages on the comms front? 2 Quote Link to comment Share on other sites More sharing options...
Busta Nut Posted May 23 Share Posted May 23 I'm not sure folk realise that this guy can't get 49% without the WS losing control of the club. 1 Quote Link to comment Share on other sites More sharing options...
MurrayWell Posted May 23 Share Posted May 23 10 minutes ago, capt_oats said: Sorry to move the chat away from shareholdings and investor stuff but is this a low key acknowledgement of Slattery sticking around or just us giving mixed messages on the comms front? You'd imagine we've offered him a deal eh? Had a great start to the season and must be due back quite soon. Noticed he was walking about without a moon boot or crutches after the game on Sunday. 0 Quote Link to comment Share on other sites More sharing options...
StAndrew7 Posted May 23 Share Posted May 23 14 minutes ago, Busta Nut said: I'm not sure folk realise that this guy can't get 49% without the WS losing control of the club. Aye, I always kinda knew the maths didn't work for 51/49 (I tended to use it as an illustrative/hypothetical way of saying the WS shouldn't lose control) without private shareholders selling up, or at least joining the WS as a voting block etc. although as @Antiochas III says, how legal that is I'm not 100% sure. 0 Quote Link to comment Share on other sites More sharing options...
StAndrew7 Posted May 23 Share Posted May 23 23 minutes ago, capt_oats said: Sorry to move the chat away from shareholdings and investor stuff but is this a low key acknowledgement of Slattery sticking around or just us giving mixed messages on the comms front? Fingers crossed, it gives us a much stronger midfield if he's around next season and it's one less gap to plug. 0 Quote Link to comment Share on other sites More sharing options...
RandomGuy. Posted May 23 Share Posted May 23 24 minutes ago, capt_oats said: Sorry to move the chat away from shareholdings and investor stuff but is this a low key acknowledgement of Slattery sticking around or just us giving mixed messages on the comms front? Some way to announce you've signed Dunne and van Veen. 6 Quote Link to comment Share on other sites More sharing options...
thisGRAEME Posted May 23 Share Posted May 23 All this percentage and shares chat honestly just reminds me why I do words and talking and not numbers. Means absolutely nothing to me 4 Quote Link to comment Share on other sites More sharing options...
well fan for life Posted May 23 Share Posted May 23 1 hour ago, capt_oats said: Sorry to move the chat away from shareholdings and investor stuff but is this a low key acknowledgement of Slattery sticking around or just us giving mixed messages on the comms front? He's doing a Craig Tanner, presumably. As in signing a deal to get him fit and playing. Bonus if he scores loads against Dundee. 0 Quote Link to comment Share on other sites More sharing options...
capt_oats Posted May 23 Share Posted May 23 1 hour ago, MurrayWell said: You'd imagine we've offered him a deal eh? Had a great start to the season and must be due back quite soon. Noticed he was walking about without a moon boot or crutches after the game on Sunday. I mean, it would be an even weirder thing to post if we hadn't offered him a new deal. 5 minutes ago, well fan for life said: He's doing a Craig Tanner, presumably. As in signing a deal to get him fit and playing. Bonus if he scores loads against Dundee. Aye, I assumed that's what would happen with him although I wouldn't have thought it'd be a given that he's take that offer. 1 Quote Link to comment Share on other sites More sharing options...
Handsome_Devil Posted May 23 Share Posted May 23 1 hour ago, capt_oats said: Sorry to move the chat away from shareholdings and investor stuff but is this a low key acknowledgement of Slattery sticking around or just us giving mixed messages on the comms front? Don't mistake this for a football thread. Tbf, I don't think anyone expected us not to do the decent thing with an offer. How many clubs will sign a guy halfway through cruciate recovery? Why would he volunteer to go solo? So a deal of convenience (if he previously wanted away which was kind of assumed but not certain) was always quite likely. 0 Quote Link to comment Share on other sites More sharing options...
MurrayWell Posted May 23 Share Posted May 23 7 minutes ago, capt_oats said: I mean, it would be an even weirder thing to post if we hadn't offered him a new deal. Given our social channel form this season, you never know. 5 Quote Link to comment Share on other sites More sharing options...
Vietnam91 Posted May 23 Share Posted May 23 1 hour ago, Swello said: We don't need to look any further than ourselves for this - the Well Society doesn't "control" the club in any meaningful sense as things stand - something that would actually have to change for me to vote (either as a private shareholder or as a 'Well society member) for any incoming investor. Yeah and that is something definitely by design rather than evolved organically. 2 Quote Link to comment Share on other sites More sharing options...
eliphas Posted May 23 Share Posted May 23 (edited) 1 hour ago, Busta Nut said: I'm not sure folk realise that this guy can't get 49% without the WS losing control of the club. Yeah I'm not sure the people jumping on the German bandwagon and bumping gums about 50+1 really know the club set up is. It's been very well put above but it's definitely entirely possible to construct a new share structure that leaves the majority or a controlling share in the hands of the WS. But it's more nuanced than 51/49. I'm neither here nor there with a black and white view on the WS controlling or a new investor controlling to be quite honest. As I've said before, the WS have lost a lot of good will from me over the years but the recent moves have been promising. I guess until I see the strategy that is being worked on by the WS (and hope it goes past rattling buckets and playing on the FP pitch) I've got no more or less confidence in the WS or an investor or a combo of the two. Like I said a million pages ago as well - even if the investor stuff doesn't pan out and all of this was the disruption required to get the WS to rejig themselves and stop sitting on their hands then that is a great outcome too. Edited May 23 by eliphas 2 Quote Link to comment Share on other sites More sharing options...
crazylegsjoe_mfc Posted May 23 Share Posted May 23 17 minutes ago, MurrayWell said: Given our social channel form this season, you never know. They've put out content from four out of contract players this week (SOD, Kelly, Mugabi and Slattery) and still no list. 1 Quote Link to comment Share on other sites More sharing options...
Gianfranco Posted May 23 Share Posted May 23 The takeover chat bores me to death. 16 Quote Link to comment Share on other sites More sharing options...
MurrayWell Posted May 23 Share Posted May 23 26 minutes ago, crazylegsjoe_mfc said: They've put out content from four out of contract players this week (SOD, Kelly, Mugabi and Slattery) and still no list. Did hear that we'd be waiting a while for the list at the game on Sunday, which has turned out to be the case (I'm considering a working week to be while in Scottish football). 1 Quote Link to comment Share on other sites More sharing options...
crazylegsjoe_mfc Posted May 23 Share Posted May 23 4 minutes ago, MurrayWell said: Did hear that we'd be waiting a while for the list at the game on Sunday, which has turned out to be the case (I'm considering a working week to be while in Scottish football). Given Kettlewell had said everyone who was being offered a contract had been offered one, I really can't see what the delay is. Unless we've signed someone on a pre-contract who was in the playoffs and we wanted to be respectful. Or if Obika's extension has somehow triggered and we are trying to get out of it before the list comes out 2 Quote Link to comment Share on other sites More sharing options...
MurrayWell Posted May 23 Share Posted May 23 1 minute ago, crazylegsjoe_mfc said: Given Kettlewell had said everyone who was being offered a contract had been offered one, I really can't see what the delay is. Unless we've signed someone on a pre-contract who was in the playoffs and we wanted to be respectful. Or if Obika's extension has somehow triggered and we are trying to get out of it before the list comes out Could be part of that yeah, given the chat of a Raith Rovers player on a PCA. Suppose Hearts haven't announced Dhanda yet... or Spittal in fact. Seemed to be the suggestion that some may still be offered contracts if some of the top "irons in the fire" don't end up joining. Might just be silly season chat though. 1 Quote Link to comment Share on other sites More sharing options...
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