steelboy

Miovski's a much player than Bair. He looks like he chucked it after January this season but still turns up against the Old Firm to keep himself in the shop window.

According to Weir we are at roughly 50% of Turnover for player wages so around £3m. We have another £2m in non playing wages. So it's around £58,000 per week on player wages. It's pretty obvious who is being unrealistic here. As far as us having the 3rd lowest wage bill it's doesn't seem likely. Ross County, St Mirren and Killie have both reported lower wage bills than in the last set of accounts. Livi and St Johnstone don't publish full accounts but will be lower.

Levelling the pitch and adapting the East Stand to the new height were the expensive outlays. We earned it. Then we spent it. The alternative would be sitting in a relegation battle with a pile of money in the bank and not touching it for no reason at all other than some people don't like seeing an annual loss.

Safety certificates meant we had to level the pitch? Further SPFL sanctions when we haven't been sanctioned for the pitch since 2010? Are you sure about that? I don't understand where you are coming from at all with concerning the losses. We make a profit one season. The money is in our bank account and we spend it. It shows up as loss the next season. It's totally normal. You seem to be suggesting that we should never spend more than we earn in any 12 month accounting period regardless of the cash in the bank which is a fairly mental way to budget for anything. The 12 month period is totally arbitrary, it's not the be all and end.

Because McMahon and Weir don't like the look of the new Society board.

I mean it's worrying that they might be warming us up to announce he's a signed a new deal. He's our top earner and by far the worst goalkeeper in the league. We are the worst team at defending set pieces in the league because of him. We have to sign a new starting goalkeeper and free up his wage for a player that can make a positive contribution.

The club's finances in the present are a result of the previous income. We obviously wouldn't have spent a fortune on the pitch and East Stand if the money wasn't there from player sales. It's not history if you actually have the money. We should be looking at £3-4m from Bair and Miller so it's not like we don't have assets at the moment. It's obviously a balancing act from the club but that's the nature of professional sport at every level. We are in a strong position at the moment but people talk about it like a wean that thinks there's a bogeyman under the bed.

Ryan Jack and Halliday would be a decent midfield in wheelchair fitba. The club have put out a Liam Kelly highlights video... an ominous sign.

I've read that issuing new shares was discussed at the club AGM.

Over the 7 years of fan ownership we have an overall profit of £2 million. Compared to most other clubs we are doing extremely well. I'm not going to check but we won't be far off breaking even over the past 20 years since we came out of administration.

No the Society members have to vote in favour but that's obviously part of their plan. If the members say no it's dead.

I explained that the deal looks like it is to get majority control essentially for free. It's the equivalent of buying a £20 quid note for a fiver. That's why us.

The most recent club accounts list our assets at £8 million so that's the minimum but it's obviously more than that due to our status as a top flight club and potential for player sales. It's worth remembering that the Americans don't actually intend to buy any shares. The proposal seems to be that the club will issue new shares that are given to the Americans in return for working capital (which they can later withdraw at will).

It's worth noting that the club accounts say the club is financially stable and there is no mention of any requirement for outside investment. Weir and McMahon brought up the need for 'transformational' investment but at no time actually described what they wanted us to transform into. They then shut up about 'auditors' pretty quickly when supporters started to ask about the clubs spending commitments and budgets. It's all been bullshit dreamed up by a PR firm designed to trick the Well Society members into handing the club over for a bag of magic beans.

There have already been 45 or so UK clubs bought by Americans. There aren't many left to buy and we attractive because (1) we run at a profit (2) have no debt other than to the Well Society who will never call it in (3) McMahon has obviously told them that the Well Society members are stupid enough to effectively hand the club for free. From what I have heard they intend to make a documentary series as part of an expansion of their Hollywood business.