Well-Made Posted February 24 Report Share Posted February 24 I am keeping an open mind, I just would rather see the WS maintain control, unless the offer is too good to refuse. I did say, I would change my mind if I thought the proposal was good. Quote Link to comment Share on other sites More sharing options...
texanwellfan Posted February 24 Report Share Posted February 24 35 minutes ago, Well-Made said: I am keeping an open mind, I just would rather see the WS maintain control, unless the offer is too good to refuse. I did say, I wouldn't change my mind if I thought the proposal was good. Wouldn’t ?? Quote Link to comment Share on other sites More sharing options...
Well-Made Posted February 24 Report Share Posted February 24 40 minutes ago, texanwellfan said: Wouldn’t ?? Apologies... Would, that's what I get for talking and typing at the same time, then not checking Quote Link to comment Share on other sites More sharing options...
stv Posted February 25 Report Share Posted February 25 12 hours ago, wellfan said: I would happily double/triple my monthly direct debit to the Well Society, but they've never asked, although I think the time is now for them to do so. If we want tangible change and improvement, we and they need to act. Ok Im asking on behalf of the Society right now. Will you tripple your contribution evety month and save our great wee club Quote Link to comment Share on other sites More sharing options...
Villageman Posted February 25 Report Share Posted February 25 11 hours ago, stv said: Ok Im asking on behalf of the Society right now. Will you tripple your contribution evety month and save our great wee club Probably prepared to double it, triple it not so sure. Would need some more info first. Current level of member, how many members contribute monthly pledges. total monthly income. that way we can say what average payment is. I appreciate early days members paid a lump sum to join, they may or may not continue with monthly payments. Quote Link to comment Share on other sites More sharing options...
Kmcalpin Posted February 25 Author Report Share Posted February 25 3 hours ago, Villageman said: I appreciate early days members paid a lump sum to join, they may or may not continue with monthly payments. That issue badly needs addressed and the now standard monthly subscription approach needs communicated to all. That was the boat I was in paying in the odd top up but I'm now changing that. Quote Link to comment Share on other sites More sharing options...
robsterwood Posted February 25 Report Share Posted February 25 I don't think our supports big enough for sustained fan ownership model. I pay at match that's enough. Would like to see investor come in. Quote Link to comment Share on other sites More sharing options...
santheman Posted February 25 Report Share Posted February 25 47 minutes ago, robsterwood said: The guy at at mirren is doing well. St Mirren are doing well on the park not so well off it. Soft loans due to be repaid in the next 12 months and one of only 2 clubs who haven't yet made a single repayment on their covid loan. Quote Link to comment Share on other sites More sharing options...
robsterwood Posted February 25 Report Share Posted February 25 Just now, santheman said: St Mirren are doing well on the park not so well off it. Soft loans due to be repaid in the next 12 months and one of only 2 clubs who haven't yet made a single repayment on their covid loan. Interesting. I think they get donations from mental health charity too and kibble. Quote Link to comment Share on other sites More sharing options...
santheman Posted February 25 Report Share Posted February 25 19 minutes ago, robsterwood said: Interesting. I think they get donations from mental health charity too and kibble. Kibble own 27% of their shares. Quote Link to comment Share on other sites More sharing options...
texanwellfan Posted February 25 Report Share Posted February 25 53 minutes ago, robsterwood said: I don't think our supports big enough for sustained fan ownership model. I pay at match that's enough. Would like to see investor come in. Agree, we just don’t have the fan base to keep the club at a level where it can compete. Especially if other clubs are going to have investment. 2 Quote Link to comment Share on other sites More sharing options...
Kmcalpin Posted February 25 Author Report Share Posted February 25 I think it depends on how you define "Can compete". Does it mean: A remain in the Premiership..just B drop to Championship with an occasional foray to the Premiership C settle in the Championship like Morton or Ayr. Quote Link to comment Share on other sites More sharing options...
MJC Posted February 25 Report Share Posted February 25 1 hour ago, robsterwood said: The guy at at mirren is doing well. St.Mirren are a completely different set up to us so it’s pointless comparing us with them. Quote Link to comment Share on other sites More sharing options...
santheman Posted February 25 Report Share Posted February 25 22 minutes ago, MJC said: St.Mirren are a completely different set up to us so it’s pointless comparing us with them. They're actually pretty similar In July 2021, St Mirren completed their five-year journey to become a fan-owned club. The St Mirren Independent Supporters Association (SMiSA) bought out the remaining shareholding of chairman Gordon Scott to become majority (51%) owners of the Buddies. Quote Link to comment Share on other sites More sharing options...
MJC Posted February 25 Report Share Posted February 25 9 minutes ago, santheman said: They're actually pretty similar In July 2021, St Mirren completed their five-year journey to become a fan-owned club. The St Mirren Independent Supporters Association (SMiSA) bought out the remaining shareholding of chairman Gordon Scott to become majority (51%) owners of the Buddies. But they've got Kibble as an independent 'source of money'. They're not like us in that the fan owned model is the main shareholder. That's why they were in a position to offer KvV "twice as much as we could" last month, even though he didn't end up going there. Quote Link to comment Share on other sites More sharing options...
Kmcalpin Posted February 25 Author Report Share Posted February 25 37 minutes ago, MJC said: But they've got Kibble as an independent 'source of money'. They're not like us in that the fan owned model is the main shareholder. That's why they were in a position to offer KvV "twice as much as we could" last month, even though he didn't end up going there. I don't doubt you're right. However, is Kibble not a charity? Quote Link to comment Share on other sites More sharing options...
joewarkfanclub Posted February 25 Report Share Posted February 25 55 minutes ago, MJC said: But they've got Kibble as an independent 'source of money'. They're not like us in that the fan owned model is the main shareholder. That's why they were in a position to offer KvV "twice as much as we could" last month, even though he didn't end up going there. And do Kibble gift them this money, or does it require to be paid back in the form of a soft loan? Quote Link to comment Share on other sites More sharing options...
joewarkfanclub Posted February 25 Report Share Posted February 25 The Well Society currently own 70% of the club. We could sell 19% to an investor and retain majority shareholding to generate some revenue if the St Mirren model is so attractive..... Quote Link to comment Share on other sites More sharing options...
santheman Posted February 25 Report Share Posted February 25 1 hour ago, MJC said: But they've got Kibble as an independent 'source of money'. They're not like us in that the fan owned model is the main shareholder. That's why they were in a position to offer KvV "twice as much as we could" last month, even though he didn't end up going there. Kibble haven't put any money into St Mirren other than the 400k that bought their 27% shareholding. How they've used that I don't know. They provide training opportunities for young people, help to fund their youth programme and community initiatives much like our Community Trust. They've also got 1.6m of loans due in the next year and a covid loan of 1m that they haven't started paying yet (according to their own fans) They are in as much danger as us and pinning all their hopes on player sales (mainly Bacchus)getting them out of the shit. Anyway who gives a toss about St Mirren. Quote Link to comment Share on other sites More sharing options...
texanwellfan Posted February 25 Report Share Posted February 25 Compete for top 6 spot. To do that we need finances to retain our better players and ability to offer competitive wages compared to our peers or even teams with larger fan bases like Hearts Quote Link to comment Share on other sites More sharing options...
wellgirl Posted February 26 Report Share Posted February 26 6 hours ago, robsterwood said: I don't think our supports big enough for sustained fan ownership model. I pay at match that's enough. Would like to see investor come in. I completely agree with you. I don't think we have enough well society members to sustain this model. I want to see outside investment 1 Quote Link to comment Share on other sites More sharing options...
wellgirl Posted February 26 Report Share Posted February 26 8 hours ago, Kmcalpin said: That issue badly needs addressed and the now standard monthly subscription approach needs communicated to all. That was the boat I was in paying in the odd top up but I'm now changing that. I've been a well society member since 2018 and Ive been paying a fiver a month ever since because that's all I could afford. That option was on offer to me then. I think my mum is going to join as well. She was going to after the video. They do have a 3 quid a month option for people on low incomes which is also good. Quote Link to comment Share on other sites More sharing options...
wellgirl Posted February 26 Report Share Posted February 26 5 hours ago, Kmcalpin said: I think it depends on how you define "Can compete". Does it mean: A remain in the Premiership..just B drop to Championship with an occasional foray to the Premiership C settle in the Championship like Morton or Ayr. I'd personally go for A this season but preferably higher. Quote Link to comment Share on other sites More sharing options...
Kmcalpin Posted February 26 Author Report Share Posted February 26 29 minutes ago, wellgirl said: I've been a well society member since 2018 and Ive been paying a fiver a month ever since because that's all I could afford. That option was on offer to me then. I think my mum is going to join as well. She was going to after the video. They do have a 3 quid a month option for people on low incomes which is also good. You can pay in whatever amount you like ie £2, £6, £8.50, £17 whatever - just contact the Society to arrange (I've asked). The £5, £10 etc options are only there for convenience. I would reckon that if monthly subscriptions were to cover a shortfall in bad year we're looking at 3,800 members paying in an average of about £35 each every month. Thats a very crude figure of course and doesn't take into account any other fund raising initiatives. (£1.6m /3,800/12) Quote Link to comment Share on other sites More sharing options...
wellgirl Posted February 26 Report Share Posted February 26 8 minutes ago, Kmcalpin said: You can pay in whatever amount you like ie £2, £6, £8.50, £17 whatever - just contact the Society to arrange (I've asked). The £5, £10 etc options are only there for convenience. I would reckon that if monthly subscriptions were to cover a shortfall in bad year we're looking at 3,800 members paying in an average of about £35 each every month. Thats a very crude figure of course and doesn't take into account any other fund raising initiatives. (£1.6m /3,800/12) I didn't actually know that. I just paid the fiver as it was all I could afford and they must have added the low income option after I joined. That's fair enough though. I can afford the fiver and I'll get my mum signed up tomorrow. Quote Link to comment Share on other sites More sharing options...
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