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Well, now that our debts are all but paid off, its time for the club and Society to move forward. Its not job done, as Les and Alan Burrows have pointed out and its only the end of the beginning. Society members still need to contribute financially if they can only now their money will stay in the club and will be spent on players, Academy, facilities, a new stadium, maintenance or whatever.  

Its encouraging too that all transfer income will stay within the club.

I would hope that some doubters will now appreciate that fan ownership and Society have helped our club to survive.

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Just received an email from the Well Society. Once again they are offering shares in MFC for £10  per unit with a minimum purchase of £50.

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On 11/1/2019 at 10:42 PM, ropy said:

I would still be looking for the Society to be building up a fund that the club can borrow from in the lean times rather than it just all being passed into general spending 

This would be an example of the lean times coming up, do we have a reserve?

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Anyone have a link to well society benefits can’t find it on the website was going to finally join since atleast 1 month of no football at all. 

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15 hours ago, ropy said:

This would be an example of the lean times coming up, do we have a reserve?

If only we had maintained that purpose/goal from the orignal plan.....  hopefully this situation puts a focus back on the society creating a security fund,   instead of solely rasing funds for day to day running of the club , which should be self financing , especially now the debt has been cleared (credit in part to society helping fund day to day)

I'm sure the minds could come up with a plan that would allow for both with funds being able to be released proportionally over longer term for significant projects ,  if we look to the longer term future a growth fund can only be good and provides leverage for so much more.

Short term however, we own the club through the society...... so any extra funding is going to be helpful if this shutdown has a real financial impact

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The Society has been very quiet of late with little or no communication. Is that because Craig Hughes has been off ill for some time?

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14 hours ago, smeddum07 said:

Anyone have a link to well society benefits can’t find it on the website was going to finally join since atleast 1 month of no football at all. 

https://www.motherwellfc.co.uk/club/well-society/join-the-well-society/

You have to float your mouse over "Club" on the homepage first. A few years ago I emailed them to say the link should be jumping out at you and they did take action and stuck it prominently on the homepage, but looks like someone decided it wasn't that important! You had trouble finding it and I actually ended up Googling myself to find it, so I'll have to get back on to them to change it again

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7 hours ago, Brazilian said:

If only we had maintained that purpose/goal from the orignal plan..... 

News to me that its not...

Anywhere we can keep up to date with the latest strategy of the society? The page on the official site doesnt give much away.

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Announcement from the Well Society Board , on the official Club site
 

Quote

 

Well Society

An update from the Well Society

20:03

 

The Covid-19 crisis is having a monumental impact across the world and now at home.

It is both a health and economic crisis at the same time which is doubling the anxiety for us all.

In this context sport seems less important than ever before, but we also know that our club and our game are at the centre of our home community and national life. We must play our part in getting our community and country through what lies ahead and to a sustainable future on the other side.

As things stand, we await clarity over what will happen with the 2019/20 season. Until then, it is difficult to state clearly what challenges – if any – lie ahead. As soon as things are made clearer, we will be able to update our members and the entire Motherwell support.

As a club, we will stand by the decisions taken by our governing body and its board. We know that there can be no easy answers. We also know that now is not the time for self-interest. Now is the time to secure the common good. More than ever. Decisions will need to be taken and we will be part of making good what is decided.

Our club is well-managed, well-supervised and well-owned. We are fortunate. But this competence and preparedness does not make us immune from the implications of what is happening. The focus of the board of the club is on supporting all of those who depend on us for their income. This matters enormously. We also want to do everything we can to engage the community as well in all that will need done in the days ahead.

Times are uncertain, and so we are encouraged by supporters who have already contacted us looking to support the Well Society during this time.

We would like to extend a massive thank you to all of our supporters who have recently joined or made a donation to the Well Society, as well as highlighting our gratitude to existing members who continue to support us on a regular basis. The importance of doing this cannot be overstated. Please encourage all your friends that can afford it to do the same. It will be an investment in securing the future of our club.

We would welcome any other fans who have the means to similarly consider contributing to the Society at this time, either by pledging a monthly sum or by making a one-off donation.

Joining or pledging to the Well Society helps to safeguard the future of our club at all times, but in particular your support now helps give comfort as we head towards what will undoubtedly be challenging times.

To become a Well Society member, starting at just £5 per month, you can sign up here. Or, to make a one-off donation, you can click here or donate via Paypal by sending to [email protected] (EDIT: I've made a clicky link direct to the society payments page, the club page directs to an info page on society)

Our understanding is that the club will put season tickets on sale in early April, which we encourage all fans who possibly can commit at that early stage to do so.

If you have any issues or worries during this ongoing crisis, even if they are unrelated to the Well Society, Motherwell FC or football in general, and are unsure of where to turn, please contact us by clicking here and we will point you in the right direction for advice, guidance and support.

Again, thank you for all your support. The days ahead will be full of pain, we know that. But our community has demonstrated its resilience through many challenges over the years and this one will be met by the same steel. We will emerge more together, stronger and connected.

Look after yourselves and those around you. We’ll see you at Fir Park on the other side.

The Well Society Board

 

 

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https://www.dailymail.co.uk/sport/football/article-8158959/Hearts-owner-Ann-Budge-rejects-takeover-offer-Barnsley-chief.html

Hearts owner Ann Budge rejects takeover offer from Paul Conway after Barnsley chief eyed talks with cash-strapped Scottish clubs rocked by coronavirus shutdown

Ann Budge has turned down the offer of Hearts takeover talks with Paul Conway

Premiership rivals Motherwell poised to reject approach from Barnsley chief

The American businessman is in the market to add an SPFL team to his portfolio 

By STEPHEN MCGOWAN FOR MAILONLINE

PUBLISHED: 06:21, 27 March 2020 | UPDATED: 08:13, 27 March 2020

Ann Budge has turned down the offer of Hearts takeover talks with Barnsley chief Paul Conway.

And Premiership rivals Motherwell are also poised to reject an approach from the owners of the English Championship club.

As Sportsmail first revealed, American businessman Conway is in the market to add an SPFL team to a footballing portfolio which already incorporates Barnsley and Swiss club FC Thun.

A bid to buy Scottish Championship strugglers Partick Thistle last year was frustrated by dual ownership rules.

With the SFA willing to relax the regulations to attract investment to a Scottish game stricken by the coronavirus crisis, however, Conway has already made overtures to Hearts and Motherwell.

And, after releasing a strongly worded statement defending the Edinburgh club's request to staff to accept a 50 per cent pay cut, Tynecastle owner Budge reiterated plans to hand over her 75.1% stake in the club to fans' group Foundation of Hearts later this year.

'I did receive a call from Paul and indeed over recent months I have received similar calls from a number of other would-be investors,' she told Sportsmail.

'In line with my contractual commitment to the fans to transfer ownership of Hearts to them, other than informing the Hearts board of the approaches, I have pursued none of them.'

Sportsmail can also reveal that a colleague of Conway's also made contact with Premiership rivals Motherwell in recent days.

Debt-free for the first time in 40 years following the January sale of James Scott to Hull City for £1.5million the Lanarkshire club believe they can withstand the temporary loss of income wrought by the suspension of Scottish football.

Willing to hold talks with any SPFL clubs with realistic ambitions of top tier football, however, Conway said: 'We want to take this opportunity in the current environment to say to clubs in Scotland, 'we are open for business.'

'We are hearing there might be more flexibility with regard to dual ownership, which might be a good thing during this difficult period for clubs.

'We can move fast for the right opportunity in the Scottish league and we are open to creative deals.

'To that end we have told the SFA and the league to feel free to get the word out that we are open to conversations with Scottish clubs.'

Both the SFA and the English Football League have explicit rules governing individuals in charge of a club controlling or having a major say in another British side without written consent.

Newcastle owner Mike Ashley obtained permission to take a 10 per cent financial stake in Rangers - but was charged by the governing body when he tried to install his own directors on the Ibrox board.

Frustrated by the same rules when he tried to secure a 55 per cent stake in Partick Thistle last year Conway travelled to Glasgow for talks on four separate occasions before the Championship club were eventually purchased for fans by late lottery winner Colin Weir.

To avoid lightning striking twice Conway has entered correspondence with the SFA over a relaxation of the rules - with the governing body now willing to consider allowing existing owners of British clubs to take up a 24.9 per cent stake in a Scottish team.

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I'd steer well clear of this approach. We're fine as we are thanks. Our club mustn't go down the same route as the likes of Dundee have done.

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Hearts becoming Barnsley's feeder team would be incredible.

We are safe from this kind of shite due to fan ownership. 

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11 minutes ago, Toxteth O'Grady said:

I see members are being asked to suggest a new name for the South Stand.

Can it have a variable name that changes depending who the away team are?

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34 minutes ago, texanwellfan said:

Can it have a variable name that changes depending who the away team are?

We could call it the Jim Hamilton Stand that should cover most away teams !

  • Haha 2

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