wellfan

Even if they were, I'd imagine they are toeing the line here, particularly given they've both recently been appointed to their new posts by the Executive Board/McMahon, so I'll try not to point the finger at Caldwell and Lindsay too much right now. The three on the Well Society Board who voted in favour of the deal on that valuation are another story.

That they have to do this immediately after their press release and recommendation exposes how ridiculous their current position is.

I think that Society Board members will be watching the sensible and technical posts on here and P&B and will likely lift from those to clarify key points for members, if necessary.

As Steelboy notes, this situation will test the IQ of the average fan, and that's what concerns me.

If fans (and Society members) vote this through and collectively boot themselves in the bollocks, my direct debit will be cancelled, and I imagine that of many others. The deal will kill the Well Society, not only in the long-term but in the short term because its revenue will be reduced and it'll be unable to continue being a co-investor as Barmack proposes. This is a key question, as you note, but I doubt the Executive Board considered this because it's clear they want rid of the Society.

The deal is shite. Even if the tweaks Barmack proposes to make (according to his comments on P&B) relate to him dropping his percentage from 49% to 46% to leave the Well Society with 49%, it's still shite. The Society has 71% and is the majority owner, so it's high time the Executive Board realised this and that any prospective investor took this seriously. Barmack is chasing a bargain because McMahon has falsely presented the Club/Society as skint and its fans/members members as compliant. Let's get real here; any Executive Board with one brain cell between them wouldn't have let that offer, on those terms, come this far, let alone recommend accepting it. They've wasted Barmack's time and pissed off the Society and fanbase.

It looks like a bit of a punt on paper, but he was out of contract, likely won't be expensive, signed on a 2-year (+1 option) deal, and is young enough to potentially develop further to be good for us in terms of performance and sell-on potential. If not, it'll probably not have been an expensive punt, and he'll fill the Maguire-shaped hole in the squad for a couple of seasons.

A lot of tits on this forum lately.

Tom Sparrow is a young lad who's spent most of his career playing as a central midfielder in the under's teams (and on loan at Accies). This move represents his first big step up the ranks, so it should be quite an exciting time for him and us, as he has it all to prove, although there should be no expectations yet. https://www.transfermarkt.co.uk/tom-sparrow/profil/spieler/621365

The Exec Board have wasted the Barmack’s time.

As I wrote yesterday, it appears that McMahon et al gaslit the Barmack’s into believing their offer was acceptable, which has led them to waste their time. Erik’s now realising that, as his commendable yet futile dialogue on P&B demonstrates.

Good luck!

My first is due in August as well. Co-candidacy?

As a longtime WS member, you’d have my vote and I’m sure that of many others after your recent articulate analysis of the situation. The surviving WS board are watching. Reach out to them.

Having just caught up after a long day at work, how do we get StAndrew7 and Steelboy onto the Well Society Board?

Pleased with Balmer!

Maguire to Accies.

Yep, it's pretty interesting to follow the dialogue, but it's still a shite deal.

That very much looks to be the case here.

People aren't trying to influence others here. Those who have taken the time, or had the time, to read and consider the details of both the Club's press release on the proposals and the Well Society's response are expressing their informed opinions. Vote as you like, but at your (the Club's) peril.

This view is fair enough, but I don't think selling the majority ownership of the Club (or diversifying the ownership, as you put it) for less than the value of Lennon Miller, for example, is anywhere close to being acceptable. Just because the Well Society has been shite for a while doesn't mean the Club should be sold to the lowest bidder. I'm also all for diversifying the ownership, but that would only be if a transformative offer is on the table, which it is not.

Read the details in McMahon's and the Society's statements, and all will become clear on how that £750K won't be there in 2 years if the deal is accepted.

Have a look at the details. It's laughable. The deal offered dictates that the Well Society has to put cash in at the same time as it loses its majority shareholding so that £750K will quickly vanish.

But the assets of the Club aren't protected if we enter administration in 6 years following the majority shareholder losing interest and the Well Society not having the reserves to buy back majority control of a Club that sold itself down the river to the lowest bidder.

See the WS statement: “We anticipate that we will ballot our members on this over two weeks beginning 1 July, which will then allow the Well Society to reflect members’ views in the club’s anticipated shareholder vote. We are currently working on the logistics and more information will be sent to our members in due course. By this time, we will also share the Society’s plans for the future, if it remains as majority shareholder. These plans have been in development since the beginning of the year, with input from supporters, consultants, football experts and business professionals, and we now aim to expedite the publication of our plans within the necessary timescales. As part of the ballot process, we also intend to provide the opportunity to engage the Society Board on these proposals, both online and in-person.”