steelboy Posted September 18 Report Share Posted September 18 6 minutes ago, StAndrew7 said: Only information I've seen on that is the investment figure of £10m. It's following the same strategic investment model the WS have proposed; albeit for slightly more cash than we'd be after (understandably, Hearts are a bigger team etc.) although if someone offered it... 😅 Aye the limited information makes me think there's going to be a catch. Although I think we can be certain that FoH won't be paying in an extra £9m for a reduced shareholding..... The big question seems to be what percentage FoH will be left with. They have 75.1% at the moment and i suspect if the plan was to keep them above 50% that would already be public. Quote Link to comment Share on other sites More sharing options...
StAndrew7 Posted September 18 Report Share Posted September 18 8 minutes ago, steelboy said: Aye the limited information makes me think there's going to be a catch. Although I think we can be certain that FoH won't be paying in an extra £9m for a reduced shareholding..... The big question seems to be what percentage FoH will be left with. They have 75.1% at the moment and i suspect if the plan was to keep them above 50% that would already be public. Aye, the articles I've seen say it'll be a minority stake Bloom receives, so you'd guess it won't be any more than 25% to make sure FoH has 50.1% remaining, although like you say it might be more. The terms might be under NDA etc. until it goes to a vote? I would imagine he'll have his shit in a pile better than Barmarck did, alongside our terrifically astute Executive Board... Quote Link to comment Share on other sites More sharing options...
steelboy Posted September 18 Report Share Posted September 18 35 minutes ago, StAndrew7 said: The terms might be under NDA etc. until it goes to a vote? Maybe but unsurprisingly the £10m figure leaked leaked out to get the fans excited. Quote Link to comment Share on other sites More sharing options...
stv Posted September 18 Report Share Posted September 18 1 hour ago, steelboy said: Maybe but unsurprisingly the £10m figure leaked leaked out to get the fans excited. Are you excited, I find it hard to tell sometimes Quote Link to comment Share on other sites More sharing options...
David Posted September 18 Report Share Posted September 18 5 hours ago, wellgirl said: In a recent email they said that there would be some news re investment in October Which email was that? Quote Link to comment Share on other sites More sharing options...
wellgirl Posted September 18 Report Share Posted September 18 1 hour ago, David said: Which email was that? I got it on the 7th of Sept Quote Link to comment Share on other sites More sharing options...
StAndrew7 Posted September 18 Report Share Posted September 18 1 hour ago, wellgirl said: I got it on the 7th of Sept *Puts on pedantry hat* That email mentions an update regarding the Board co-option, not the investment: The investment bit does mention there'll be further updates but doesn't give a month/timescale. 1 Quote Link to comment Share on other sites More sharing options...
David Posted September 18 Report Share Posted September 18 16 minutes ago, StAndrew7 said: The investment bit does mention there'll be further updates but doesn't give a month/timescale. Yes, that's not something that can really be constrained by a specific timescale. There are numerous variables involved in the investment process. Quote Link to comment Share on other sites More sharing options...
wellgirl Posted September 18 Report Share Posted September 18 27 minutes ago, David said: Yes, that's not something that can really be constrained by a specific timescale. There are numerous variables involved in the investment process. It won't let me post links from my phone but the email says October 24 Our first strategic partnership is announced with talks progressed with further strategic investors. If you click on the part that says our plan for growth that's where that info is. From the email sent on the 7th. If you click our plan for growth the info is in there Quote Link to comment Share on other sites More sharing options...
wellgirl Posted September 18 Report Share Posted September 18 40 minutes ago, StAndrew7 said: *Puts on pedantry hat* That email mentions an update regarding the Board co-option, not the investment: The investment bit does mention there'll be further updates but doesn't give a month/timescale. That's from the email of the 13th of September. The one that talks about investment is the one that was sent out on the 7th 1 Quote Link to comment Share on other sites More sharing options...
StAndrew7 Posted September 18 Report Share Posted September 18 41 minutes ago, wellgirl said: That's from the email of the 13th of September. The one that talks about investment is the one that was sent out on the 7th Got you, so it's in the plan from July rather than directly quoted in the email, apologies. I would caution, (similarly to @David above) timescales for these types of negotiations, investments etc. aren't always set in stone. There's potentially a lot happened since July that could impact on those timescales, I guess. A lot of which we won't have any idea about. For example, we still don't know the new Exec Board members from the WS/others etc. I'd suggest that's more important to sort out for the overall governance of the Club. That in place would give the solid base to start looking at strategic investments. Hopefully there'll be some kind of update, but not sure I'd be expecting the first strategic partner to be announced. Quote Link to comment Share on other sites More sharing options...
wellgirl Posted September 18 Report Share Posted September 18 1 minute ago, StAndrew7 said: Got you, so it's in the plan from July rather than directly quoted in the email, apologies. I would caution, (similarly to @Davidabove) timescales for these types of negotiations, investments etc. aren't always set in stone. There's potentially a lot happened since July that could impact on those timescales, I guess. A lot of which we won't have any idea about. Yeah - you need to click on the link to see the info - yeah from the plan but its been updated No worries - be interesting to hear more about it Quote Link to comment Share on other sites More sharing options...
David Posted September 18 Report Share Posted September 18 It’s definitely something that is ongoing, that much is certain. However, there are many variables involved that will determine what is made public and when. Quote Link to comment Share on other sites More sharing options...
italix Posted September 18 Report Share Posted September 18 At the AGM on 12th August WS board confirmed, when answering a question, that while they were talking to some investors, collectively the sums involved were not at the level of EB proposal. Would hope that progress has been made, but doubt very much it will be anywhere near the level fans would like. Quote Link to comment Share on other sites More sharing options...
EKWellfan91 Posted September 18 Report Share Posted September 18 Hi Folks Just recently joined the forum and noticed the above queries from fans and members and thought i would comment. Although myself and others on the society board have been in dialogue with interested parties who have expressed interests in investing in the club in a variety of ways at different points , as David has mentioned these things do take at times a long time to get to a point where its something that we would discuss as a collective and bring to the membership for consideration. My first 3 weeks in truth have been an eye opener into the work that my colleagues on the board have been putting into their roles and they have ( in between the investment offer work) made monumental strides in delivering a society membership that we can be proud of. You will have seen many of the team pounding the streets to promote this Fridays game and whilst some have been working hard on that in supporting the club, others have been refining our membership payment streams, our offering, our communications and dialoguing regularly with the club on a variety of issues amongst pulling together short lists for co-opting onto our society board and Exec board. So much of this has been done in just the last 3 weeks since myself, Gavin, and martin joined and Derek was re-elected. What i don't want to lose sight of is the enormous opportunity we have to significantly increase our own revenue streams within the society. a strong increased recurring revenue that can support the club will only make for a more attractive investment proposal and strengthen our negotiating power when it can be used to support the club. Along with investment its key that we engage and grow our membership whilst encouraging junior steel members to step up to our adult offerings when the time is right to continue to grow our society to be the strongest it possibly can be. If you are a society member i sincerely thank you for your support, and if you are not please do get enrolled Join Adult Membership - The Well Society as myself and the rest of the board will work tirelessly to ensure we deliver an ownership model you can be proud of. Should you have any questions/ ideas/suggestions please don't hesitate to reach out to me at greg.anderson@thewellsociety.uk whilst Jay/Martin and Gavin will continue to keep you updated on our weekly progress and meetings through our newsletter and the website thewellsociety.uk Cheers folks and lets hope we get a result on Friday! Greg 6 1 Quote Link to comment Share on other sites More sharing options...
wellgirl Posted September 18 Report Share Posted September 18 11 minutes ago, EKWellfan91 said: Hi Folks Just recently joined the forum and noticed the above queries from fans and members and thought i would comment. Although myself and others on the society board have been in dialogue with interested parties who have expressed interests in investing in the club in a variety of ways at different points , as David has mentioned these things do take at times a long time to get to a point where its something that we would discuss as a collective and bring to the membership for consideration. My first 3 weeks in truth have been an eye opener into the work that my colleagues on the board have been putting into their roles and they have ( in between the investment offer work) made monumental strides in delivering a society membership that we can be proud of. You will have seen many of the team pounding the streets to promote this Fridays game and whilst some have been working hard on that in supporting the club, others have been refining our membership payment streams, our offering, our communications and dialoguing regularly with the club on a variety of issues amongst pulling together short lists for co-opting onto our society board and Exec board. So much of this has been done in just the last 3 weeks since myself, Gavin, and martin joined and Derek was re-elected. What i don't want to lose sight of is the enormous opportunity we have to significantly increase our own revenue streams within the society. a strong increased recurring revenue that can support the club will only make for a more attractive investment proposal and strengthen our negotiating power when it can be used to support the club. Along with investment its key that we engage and grow our membership whilst encouraging junior steel members to step up to our adult offerings when the time is right to continue to grow our society to be the strongest it possibly can be. If you are a society member i sincerely thank you for your support, and if you are not please do get enrolled Join Adult Membership - The Well Society as myself and the rest of the board will work tirelessly to ensure we deliver an ownership model you can be proud of. Should you have any questions/ ideas/suggestions please don't hesitate to reach out to me at greg.anderson@thewellsociety.uk whilst Jay/Martin and Gavin will continue to keep you updated on our weekly progress and meetings through our newsletter and the website thewellsociety.uk Cheers folks and lets hope we get a result on Friday! Greg Is the first strategic partnership still going to be announced next month? Quote Link to comment Share on other sites More sharing options...
EKWellfan91 Posted September 18 Report Share Posted September 18 19 minutes ago, wellgirl said: Is the first strategic partnership still going to be announced next month? At the moment there is full focus on our current governance gaps following a number of absentees on our exec board. I think quite rightly this has to come first before we announce any potential partnerships. As there is a notable absence of a full complement on our exec board who have to be working alongside the society board for potential investment incomings. once you see these positions filled in the coming weeks then its full steam ahead and i would hope you will start to see some exciting movements over the coming months ahead. a huge amount of work to be done but its an extremely exciting time to be a society member and a well fan! 5 Quote Link to comment Share on other sites More sharing options...
Mootherwell86 Posted October 1 Report Share Posted October 1 🍿🍿🍿 Quote Link to comment Share on other sites More sharing options...
wellfan Posted October 1 Report Share Posted October 1 I see Douglas Dickie has fired some shots at The Well Society, noting that his position has become untenable due to him being unwilling to interview for his position on the Executive Board. It’s also interesting to note that he made not one mention of his recommendation to sell the Club to the lowest bidder in his detailed resignation statement. https://www.motherwellfc.co.uk/2024/10/01/douglas-dickie-resigns-as-vice-chairman-and-director/ 3 Quote Link to comment Share on other sites More sharing options...
mfc Posted October 1 Report Share Posted October 1 Good riddance 1 Quote Link to comment Share on other sites More sharing options...
StAndrew7 Posted October 1 Report Share Posted October 1 I initially read that wrongly; I thought it said the interview panel wouldn't have someone with experience but it's actually just the sub-committee he has an issue with. Bloody hell, what a petulant man. The self-entitlement to just always be involved in stuff because he's always been involved, too. Like, perhaps mention in your statement how colossally you fucked it with the Bramack situation? No? Nothing? The whole 29% shareholders thing; like, we look after our interests ourselves at the AGM, mate. And we trust the appointees to the board from the Club and WS to look after them. Also, anyone who's in the 29%... we're not in it for a return or the money. We're in it because we want to have our own bit of the Club. 1 Quote Link to comment Share on other sites More sharing options...
FirParkCornerExile Posted October 1 Report Share Posted October 1 5 minutes ago, wellfan said: I see Douglas Dickie has fired some shots at The Well Society, noting that his position has become untenable due to him being unwilling to interview for his position on the Executive Board. It’s also interesting to note that he made not one mention of his recommendation to sell the Club to the lowest bidder in his detailed resignation statement. https://www.motherwellfc.co.uk/2024/10/01/douglas-dickie-resigns-as-vice-chairman-and-director/ I thought his statement was dripping with entitlement. I have just retired after working for 46 years. I have had, on two occasions, to reapply for my own job as the structures of the business changed. I hated the process but knew I was good at the jobs I was doing and in both cases secured the appointments. I also didn't have the financial luxury of going in a huff and walking away. Life's tough especially when your parents weren't millionaires you just need to get on with life and make your way. Quote Link to comment Share on other sites More sharing options...
steelboy Posted October 1 Report Share Posted October 1 There's some incredible stuff in there. His interpretation of the role of the Well Society in appointing him to the club board is baffling. 2 Quote Link to comment Share on other sites More sharing options...
Mootherwell86 Posted October 1 Report Share Posted October 1 A complete embarrassment of a statement. Should not have been published by the club. 3 Quote Link to comment Share on other sites More sharing options...
steelboy Posted October 1 Report Share Posted October 1 5 minutes ago, StAndrew7 said: The whole 29% shareholders thing; like, we look after our interests ourselves at the AGM, mate. And we trust the appointees to the board from the Club and WS to look after them. Also, anyone who's in the 29%... we're not in it for a return or the money. We're in it because we want to have our own bit of the Club. The '29%' thing is nonsense. There is no 29% shareholding bloc and trying to portrary the existence of individual shareholders as a justification for his sense of entitlement is mental when he was specifically on the board as a Well Society representative. Quote Link to comment Share on other sites More sharing options...
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