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Announcement Within The Next 48 Hours...


Onthefringes
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As it says on the tin... Early editions of todays rag has the club making an announcement with regards securing the clubs future for the next 100 years. Ravenscraig a go-go methinks.

 

Traditionalist porridge dribblers can revolt all they like, instead of grasping at a halcyon age that's long passed us by... we continue...

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This announcement had a very brief 'teaser' on Radio Scotland at the week-end. John Barnes basically said that Motherwell would be making an announcement early next week regarding a change to the share issue or something along those lines.

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"It's understood Motherwell want to become the first Trust-backed self-sufficient club in Britain."

 

Could any financial experts on here elaborate on this please? I've only ever heard of supporter's/fan's trusts, usually a way of fans buying into a share scheme while having a representative on the board. But would it not take a lot more than a fan's trust for the club to be self-sufficient? Is self-sufficient a false term?

 

Forgive my ignorance if the answer is blindingly obvious, I'm no MoneySavingExpert!

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"It's understood Motherwell want to become the first Trust-backed self-sufficient club in Britain."

 

Could any financial experts on here elaborate on this please? I've only ever heard of supporter's/fan's trusts, usually a way of fans buying into a share scheme while having a representative on the board. But would it not take a lot more than a fan's trust for the club to be self-sufficient? Is self-sufficient a false term?

 

Forgive my ignorance if the answer is blindingly obvious, I'm no MoneySavingExpert!

 

that makes it sound like we won't be owned by one invidual anymore and a trust will be set up with a board of trustees to oversee the club.

 

that would let boyle leave without the need for a buyer and if run well it sounds like a decent idea. i'd worry about how it would effect our ability to raise capital if need be and what kind of accountability the trustees would have.

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A new stadium two seconds walk from my flat will be ideal. But not if its a "my first Lego football stadium". That would be absolutely dire :D

 

Something that will look good against the landscape and give us the possibility of a good atmosphere. They could have the floodlights built in to four Ravenscraig 'cooling tower-esque' structures at each corner!! :evilgrin:

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