Antiochas III Posted June 10 Share Posted June 10 2 minutes ago, eliphas said: I need to read it all first and digest both statements. There's a lot there. Valuation of club aside - but the ultimate outcome being Barmacks 49%, WS plus existing fan stakeholders 51% or am I reading that wrong? Which makes Barmacks the party with the majority - for less than £2m over 6 years. 0 Quote Link to comment Share on other sites More sharing options...
camer0n_mcd Posted June 10 Share Posted June 10 Incredible the mental gymnastics needed to think this is a good thing. Some of our fans are morons. 4 Quote Link to comment Share on other sites More sharing options...
standupforthemotherwell Posted June 10 Share Posted June 10 1 minute ago, Handsome_Devil said: No, you're correct. It effectively gives EB total control. Don't forget a decent amount of the non WS shareholding will be with McMahon and friends 1 Quote Link to comment Share on other sites More sharing options...
Swello Posted June 10 Share Posted June 10 3 minutes ago, Handsome_Devil said: Don't disagree but first things first... let's not be complacent for the next month. The reason I say it is because they are still going to be voting on decisions in the short term - so there is urgency. On whose mandate did they contribute to a unanimous vote? It's not tenable that they continue in place even in the short term. This also shows the ridiculous farce where the WS are in a voting minority on the Exec board. 3 Quote Link to comment Share on other sites More sharing options...
Handsome_Devil Posted June 10 Share Posted June 10 Just now, standupforthemotherwell said: Don't forget a decent amount of the non WS shareholding will be with McMahon and friends I didn't You can guess where they'd side but even if they didn't there's no practical way you could group the rest into effective opposition. 0 Quote Link to comment Share on other sites More sharing options...
Handsome_Devil Posted June 10 Share Posted June 10 2 minutes ago, Swello said: The reason I say it is because they are still going to be voting on decisions in the short term - so there is urgency. On whose mandate did they contribute to a unanimous vote? It's not tenable that they continue in place even in the short term. This also shows the ridiculous farce where the WS are in a voting minority on the Exec board. Fair point but (without having the docs to hand) you can't call an EGM at the kind of notice and find replacements etc in the timescale that would make the hassle worth it given what's at stake in the other battle. I would be expecting the three on the Society board to be packing their bags on July 15 as well tbh. 0 Quote Link to comment Share on other sites More sharing options...
Busta Nut Posted June 10 Share Posted June 10 21 minutes ago, Swello said: They have come out with a good statement and are doing the right thing but 3 WS board members actually voted for this (and basically making the WS obsolete) - let that sink in. This might be very unfair but I do wonder if people that are on both the Exec and WS board were part of that 3. Dickie, Feely and the other wan are all wee nodding dugs, Get them to f**k anaw. Useless cuunts. The season is over McMahon. Get yerself to f**k and don't darken the doors of FP again ya fucking charlatan. 3 Quote Link to comment Share on other sites More sharing options...
eliphas Posted June 10 Share Posted June 10 (edited) Having read it - it just seems a lot of hassle for f**k all or less than f**k all, really. Like others, I'm up for exploring outside investment. But, no ta. Interesting note that the WS are still open to working with Barmack's in the future. So they can be full on baddies. Now over to the WS and their strategic plan.... Edited June 10 by eliphas 0 Quote Link to comment Share on other sites More sharing options...
camer0n_mcd Posted June 10 Share Posted June 10 Genuinely as annoyed as I've been with the club for as long as I can remember. The Executive board should be ashamed of themselves for letting this happen. If this is passed it'll be one of the first nails in the Motherwell coffin. 0 Quote Link to comment Share on other sites More sharing options...
Vietnam91 Posted June 10 Share Posted June 10 (edited) 16 minutes ago, eliphas said: I need to read it all first and digest both statements. There's a lot there. Valuation of club aside - but the ultimate outcome being Barmacks 49%, WS plus existing fan stakeholders 51% or am I reading that wrong? So from everything I've read, Barmack gets 49%, WS end up with 46% which means the existing 28.3% of ordinary shareholders diminishes to the outstanding 5%? 71.7% to 46% all for £200k for 3 years and £250k for the next three while writing off £434k owed to the WS. Edited June 10 by Vietnam91 1 Quote Link to comment Share on other sites More sharing options...
well fan for life Posted June 10 Share Posted June 10 I'm having a really shit day at work so cheers to Wild Sheep Sports for giving me a good laugh this afternoon. 0 Quote Link to comment Share on other sites More sharing options...
standupforthemotherwell Posted June 10 Share Posted June 10 6 minutes ago, Swello said: This also shows the ridiculous farce where the WS are in a voting minority on the Exec board. I wonder how much has been discussed about this in the past. The WS have been ok with being in a minority on the board while having 70%+ ownership but now it seems to be an issue when that drops. Should have been sorted long before now... 2 Quote Link to comment Share on other sites More sharing options...
Pie Of The Month Posted June 10 Share Posted June 10 It's not quite the same type of deal obviously but based on the investment we got as a fan owned club (agreed to without proper consultation which at least you are getting but that's for another day) somehow the Motherwell board have valued your club at less than the deal we got in the Championship. Hope it all works out the way the fans want it to. 0 Quote Link to comment Share on other sites More sharing options...
JayMFC Posted June 10 Share Posted June 10 On 05/06/2024 at 19:06, Busta Nut said: Flying out next Thursday, we're flying out to Brussels, 5 of us. we're then driving to Munchen. We've 2 nights there, Then on to a Town called Fulda where we are basing ourselves. before one night in Stuttgart. Then we fly home. Cannae wait. 6 Quote Link to comment Share on other sites More sharing options...
Handsome_Devil Posted June 10 Share Posted June 10 2 minutes ago, standupforthemotherwell said: I wonder how much has been discussed about this in the past. The WS have been ok with being in a minority on the board while having 70%+ ownership but now it seems to be an issue when that drops. Should have been sorted long before now... Absolutely but this is a failure of the governance we were all talking about months (or even over a year?) ago - essentially leaving it all to Burrows was great when it worked and having no plan or people in place for his departure was appallingly negligent. However, what's done is done, and I'm much more interested in looking forwards than apportioning blame for past mistakes. 4 Quote Link to comment Share on other sites More sharing options...
Handsome_Devil Posted June 10 Share Posted June 10 Just now, JayMFC said: Cannae wait. Is that because you're bored with nothing to do before then? 3 Quote Link to comment Share on other sites More sharing options...
Vietnam91 Posted June 10 Share Posted June 10 Imminently: a smart arse St Mirren fan is gonna post a link to the official heads of terms in the tinpot thread. 2 Quote Link to comment Share on other sites More sharing options...
rambunctious Posted June 10 Share Posted June 10 Going by some of the rumours over the last couple of months I was expecting a fairly underwhelming offer, but this is so dreadful I can't help but feel I must be missing something. 2 Quote Link to comment Share on other sites More sharing options...
camer0n_mcd Posted June 10 Share Posted June 10 3 Society board members voted for this shite. Feely and Dickie are the obvious one's as mentioned by @capt_oats earlier on. I wonder who the other one is, get them named and shamed. 0 Quote Link to comment Share on other sites More sharing options...
steelmen Posted June 10 Share Posted June 10 So, when is McMahon’s time officially up? I am prepared to drive him into the sea with this offer. 1 Quote Link to comment Share on other sites More sharing options...
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