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Showing content with the highest reputation on 07/07/2024 in all areas
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Going by the conversations I've had on Facebook, most of those shouting for the deal to go through are neither Well Society members nor shareholders. They truly believe the Society's been running the club for years and it's getting the blame for everything the Executive Board has/hasn't done.3 points
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2 choices. I either go and support my wee team and stop my DD to the WS in protest or I accept the democratic vote and get behind the team, increase my DD and hope that everything EB promises comes to fruition. Probably the 2nd as I couldn't walk away after 50 odd years of supporting my team but a lot of fans maybe would.3 points
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Yep. I posted above that I'll likely be upping my direct debit to the WS if/once this investment nonsense is voted down. We need to put our money where our mouths are, where possible, and help.2 points
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Hopefully it'll be kicked out in two weeks and we can all stick this farce in the memory hole with Covid lockdowns and McGhee's second spell at the club. What's very telling is that this started out with a very expensive PR campaign from a prestigious Edinburgh firm and talk about Hollywood and Netflix but as soon as we got to a point where the fans were able to scrutinise the deal it all crumbled. McMahon and Barmack have embarrassed themselves with the grudgingly revised offer and the last minute shitty business plan. It's all been bluster from them while the Well Society have stood strong due to commitment to the core values of being a fan owned community club.2 points
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Moses clearly isn't capable of playing as a lone striker. It's early days for the Serb but it doesn't look like the role would suit him either.2 points
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When we have to near enough match what wild sheep invest over the period and go from 71% ownership to 50.1%, and think thats a good idea is in my opinion not thinking straight. While we would at that point in time have a majority shareholding, it doesn't take much to turn that into 49.9%. If we are investing as much as Wild Sheep, we should be maintaining our shareholding, not reducing it.2 points
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Can I add that if we reject the Wild Sheep offer, we are in no worse a position than we were before Mr and Mrs Barmack appeared on the scene. We must not lose sight of that fact. Arguably we are positively in a much better position. Not only have we not lost any regular income streams, the financial situation has instead been much improved as a direct result of new TV and Commercial deals negotiated by the League Authorities. Income which our Club Board have shrouded in mystery. Topped up by around £250k due to Kelly and Bair bench warming for their International teams. AND, if strong rumours are to be believed Theo Bair will be off in a couple of weeks bringing in a further £1m or so. AND we still have Lennon Miller. Add to that a much stronger and refocused Well Society off the field and a refreshed team on it following early transfer dealings. In short, this is not a panic situation. We have time to restructure and secure outside investment on terms which will not bring about the likely demise of the Well Society. The Society vision is a good starting point but it is not a competition between the Society vision and the Wild Sheep proposal. Despite what some would have us believe. We are voting solely on the proposal by Mr Barmack in the knowledge that other options are and will be available.1 point
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I said this before, way way back before it all started. Not that I could have foreseen this - but what I pointed out is that a 75 year old man leading the way is a very dangerous thing. At a certain point, they will want out. Cash in the chips and leave it all behind. Therefore his influence is deliberate in order to exit and cash in on those chips. The rest are sheep following his influence. Maybe this is the first post we agree on and a new friendship is blossoming 😘1 point
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My understanding is that the stuff from the Well Society will come out tomorrow in one email from the company who are carrying out the vote on their behalf. Thats why they had to make a statement on the Barmack proposal as it was submitted too late to be included in the list of documents.1 point
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I'd love to hear him explain how we 'nourish the Society' by signing up to have it bled dry.1 point
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My understanding of the answers to a few of those questions. Anyone know any different please correct. I am not close to anyone on either the old or new Society Board so my comments are based on responses to E-Mails and from having joined the Society at the outset and attended several presentations. Apologies if the response is lengthy but the questions are worthy of a detailed reply. 1. Around £2m total provided to date of which £850k was by way of Loan. Originally all funding was to be Loan only (secured by a Standard Security over Fir Park) but that model was changed at the request of the Club Board supported by certain Members of the then Society Board. I believe around £1.2m of that £2m was passed across never to be returned. Les Hutchison was integral to the 'donation' as opposed to the 'loaning' of monies. Part of his Agreement which drained Society monies. Jim McMahon chose to continue a similar funding model, again supported by some Society Board Members. Barmack wishes to do the same. No doubt someone can confirm the average annual income of the Society. Multiply that by the number of years the Society has existed and you will see why I am talking in millions rather than thousands. Another simple measure is to confirm how much in totql the Society has collected over the years and compare that to the total of current Bank Balance and outstanding Loan. Less expenses, they should match but I guarantee there is a sizeable shortfall. Donations made over the years. The reasoning for Loans only and a Charge over Fir Park was that if the Club were to collapse, all monies due to the Society were protected and would receive repayment priority upon a Club Administration or Liquidation. Those repaid loans providing a basis for the formation of a new Club. Starting over if you like. Worst case scenario but a valid consideration. There was no real intention for the Loans to be repaid, so as not to affect Club cash flow. Plus the Security over Fir Park offered other protections of the major Club asset. 2/5. Funds were originally to be moved across to cover short term funding gaps covering a range of expenditure relating to core Club activities and Community engagement. Society funds were not to be regarded as a piggy bank to be raided on a regular basis. In that way Society funds would gradually build up to a sizeable reserve. Millions was the hope.. In more recent times the Club forwarded a funding request to the Society and the Society Board would assess and decide whether to provide the funds. But not always on a Loan basis for some reason. When I asked for what purposes those funds were provided I was told "Projects". Pretty vague to be honest. Members were not asked for their agreement to the change in the manner funds were provided. When changes to the Society Board took place last year, driven by the new Appointees, it was decided that the Society should return as close as possible to the original funding concept. To build up Society assets. Also far more scrutiny was made of funding requests from the Club, and not all were passed as a matter of course. That does not appear to have been received well at Exec Board level and two Society Board members who seemed more aligned to the Exec Board have stood down, those Members having supported the Wild Sheep proposal against the majority view of the Society Board. My personal view based on responses I have had over the years is that a complacent Exec Board, under it's two most recent Chairmen, sidelined the Society and treated Society monies as the Club's own. To be utilised for whatever purpose and whenever they decided. Supported by some but not all Society Board members. Basically, It was easier to turn to the Society for finance as opposed to seeking solutions elsewhere or addressing inefficiencies within the Club. The new Society Board have addressed that situation, seeking to be respected as majority share holders and exercising more control over the monies provided by Society members. The Barmack proposal will utilise all Society funds over time and eventually lead to the Loan being repaid/written off. Almost certainly leaving the Society with no assets. Oh and with a much reduced shareholding and with little power in the Exec Boardroom. With no Loan in existence, the Security over Fir Park could be cancelled leaving Fir Park free to be used by a Barmack led Board as Security for outside Loans to fund his various projects. There is a recognised funding shortfall in his latest plan. Why is that? As I said, my take on things. Folk closer to the situation please confirm or disprove my understanding.1 point
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Nah. We'll be laughing on our way to the bank when our #GlobalCommunityClub is a market leader in Tuvalu.1 point
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Emailing the Society is probably your best bet to get full and accurate answers to all those questions in particular timelines. members@thewellsociety.uk1 point
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All the hard work going forward will be for the WS, as irrespective of the result of the vote it has to seriously up its game to respond to a yes or no vote if they have any hope of making true fan ownership work.1 point
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When we were all kids we were told we should be seen and not heard. We were told that you shouldnt do politics and religion in public. These tropes were peddled by folk who wanted to ensure that good people didnt get beyond their stations and try and make life a little bit better for everyone. Thankfully, a lot of good people ignored that shite and life has got better for women, catholics, jewish folk, muslims, gay people, folks of ethnic origins etc etc. You dont need to not talk about these things at the football. You just need to be "sound" and not be an arsehole.1 point
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Or nowhere near football in general - but sadly a large part of our game still thrives on the religious divisions.1 point
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No narrative from me just a good few years of seeing the bigotry, hatred and religious intolerance that comes with the ugly sisters and their wider fan base, particularly in west Central Scotland, no doubt the "Well fans on parade" were supporting their big team as the saying goes.1 point
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Someone hacked your account? "Halliday with good delivery" lol 😆.....OHHHHHH ANDY ANDY1 point
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Thanks for the sanctimonious post that has become your trademark but go and tell that to the numerous hangers on ive seen today including very young children holding and waving ulster flags while their alleged parents obviously the worse for drink sing " no surrender " The description of them in a previous post was accurate. The bigotry between the blue and green uglies is Scotlands shame and has no place in modern society.1 point
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If all those pro-Protestants go to church tomorrow they'll run out of pews across the West of Scotland.1 point
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Have I missed something? What cash are they expecting to get out with? At least keep things factual.1 point
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Some kits when you see them for the first time online look awful but then when you actually see them ‘in the flesh’ they don’t look quite as bad, sometimes they even grow on you. But not this one. This one is fucking horrendous. It looks cheap, tacky, badly designed and in true Motherwell FC fashion, tries too hard to be ‘different’ for the sake of it. How hard is it to just keep it simple and traditional? There doesn’t need to be a band or a hoop every year, all it takes is subtle changes here and there like the collar, the sleeves, the colour tone, the texture and so on. So many other clubs manage to change their kit every year without deviating from their core home colours and design. Not us though!1 point
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Barmack talks snakeskin oil salesman level shit ('vision', 'values', 'global stage', 'technology platforms' etc) and his offer is ridiculous. Can we just please end this whole saga?1 point
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That may be true but Alan turns up in the POD quite regularly to support The 'Well.1 point
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Would be great signing remember when he played v us scoring some good goals so that the sort of player we want0 points