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Showing content with the highest reputation on 10/01/2024 in all areas

  1. I don't think anyone is questioning his commitment to the Club or the record of the work he's done alongside McMahon which is overwhelmingly positive. He says as much in his statement; the Club is being left in a secure financial position, setting up the WS as majority owner etc. What he neglects to mention in his statement is that he was willing to throw a lot (if not all) of that work away over the summer to bring in an investment which (blatantly, imho) was a terrible deal for the Club and would completely undermine, or even remove majority fan ownership. £300k for immediate effective control and Chairmanship of the Executive Board to someone without any previous experience of running a football club? Surely he can see the irony in that, given what he's said about the Society's sub-committee in his statement? The Society has put in triple (I think probably more) that in its time and not gotten anything other than a nod of thanks in the accounts and at the AGM. He has tarnished his good work with what happened this summer and with this final statement. I'm sorry, but you can't play down just how serious his actions over the summer could have been for the Club. The WS as majority owner has every right to interview who it wishes to appoint to the Executive Board as its representatives. The fact that he resigned as chair of the WS board because the opinion of the majority didn't agree with his own and subsequently remained in his seat on the Exec Board which was to represent the WS as a majority owner until now, is an absolute nonsense. To then to have the gall to expect he retains this seat effectively "just because" of his previous record absolutely reeks of cronyism and is everything that's wrong with Scottish football as a whole from top to bottom. There's a dignity in accepting that you've lost with grace and good wishes. This isn't it.
    9 points
  2. Remember when we were a bit disappointed at losing 1 - 0 to Borussia Dortmund away, and ultimately seeing Paul Lambert join them on a Bosman? At least Celtic won't have to worry about any German interest in their players.
    5 points
  3. A complete embarrassment of a statement. Should not have been published by the club.
    3 points
  4. 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 points
  5. I think this is my issue with the whole thing; what other benefits, exactly? Backing an investment based on what "might" have transpired is incredibly risky, particularly when said investor doesn't have any track record in the area they're wanting to invest into aside from making a couple of sports documentaries. There was absolutely no substance to any of what Barmack offered, other than "this is the kind of what we'll do with AI and other shit". There wasn't a definitive business plan in any shape or form, there were incorrect figures used etc. It wasn't just the value; it was the whole thing. The £300k number I quoted was just the tip of the iceberg for me, you can see that from my previous posts on the matter. It's just the first one I go to for demonstration of how shit the whole thing was. I agree that the Society needs to start showing progress on things; I mentioned over on P&B that I'm concerned they've given this month as a date for announcing the first strategic partner, for example. I'd caveat that with that we do need to remember that Society is effectively starting from the ground up; there are significant governance issues within the Club which need to be sorted; not least how board members are appointed and also how to put in place checks and balances to avoid us getting into the situation we found ourselves in this year. Effectively five people were in control of whether or not an investment should be recommended to the club shareholders. Also, my understanding is that the recommendation/vote for the investment at Executive Board level took place prior to the wider members of the Society's board being consulted and asked to provide their own position on the matter to properly inform its representatives. That also needs sorted, or was just a massive overstep of their roles by the two WS reps to vote in favour without consulting their peers. As a random thought, was Douglas interviewed when he was appointed, or did he just get a seat at the table because he was on the WS Board? Did any of those who became Board members at that point go through a formal interview process, providing examples of where they've had direct input and membership on an Executive Board of a football club? I doubt it. I don't think anyone is against investment on the right terms, with the right people at the fore of it providing X,Y,Z which benefits the Club, Society and the local community. Time will tell if/when that happens, but I fear if the Society doesn't start to provide more solid updates on it, people will start to get restless. I'm willing to give them time but the quote of October for the first investor is just a rod for their own backs, as it'll give folk wanting to see them fail (not suggesting you are one of those) ammunition to get started.
    2 points
  6. There's two crazy things about bleating about 'the interests of the 29%'. (I) Dickie was pushing a proposal that would dilute their shareholdings hurting their interests. (II) 'The 29%' gave him the same GTF as the Well Society members.
    2 points
  7. 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 points
  8. If that was the case it would have been double figures tonight. Rodgers is a sleazeball.
    1 point
  9. Waste of time and money to be honest pal in my opinion
    1 point
  10. Wasn’t there also mention of it going to take about 4 million to implement the ideas he had? It was 100% not just about the investment amount as you rightly point out.
    1 point
  11. I do not believe time is ticking for actions on investment options. Investors or I now see being referred as "Strategic Partners " is not so important as the Club management structure being resolved. In my opinion it is also more important for the investment to be correct even if it take weeks or months. We are i a reasonably sound financial situation.
    1 point
  12. Acknowledge your comments, however, IMO the time is ticking on the WS for actions. I was against the summer investment, however, again IMO, people were to quick at the investment figure only and not other benifits that might have transpired. As I say I was against HIM as an investor but if someone comes along as with another investment offer then there is more to an offer than just the starting figure.
    1 point
  13. "but you shag one sheep..."
    1 point
  14. The 29% is just arithmetic since WS have 71%, right? I’m not too savvy on this but my perception was that he was on the MFC board to represent the WS membership? There was an obvious issue with this during the investment debacle and I’m assuming that the WS sub committee are now addressing this so it doesn’t happen in the future. Seems reasonable but looks like he’s taken the huff and doesn’t want to be constrained by having to commit to voicing the WS opinions rather than his own. Am I understanding this correctly?
    1 point
  15. There's no way he was going to be allowed to continue so it was probably wise to withdraw with a bit of dignity. He's obviously fucked that.
    1 point
  16. Based on club comms during the Barmack fiasco I wouldn’t be so sure. That being said, he’s totally embarrassed himself.
    1 point
  17. 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 point
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