Still mulling this over. Plenty of good intention but yet to be convinced. Also trying to leave the emotional fan owned buzz out of things.
First thing that strikes me is the reserve figure of £1.5m as the target originally set…..in 2011. That figure equates to almost £2.4m in 2026. So it’s nowhere near like for like or close to the level of emergency funds that were visualised as appropriate in 2011. Should it therefore be £2.5m we look to have before we use any excess funds for ‘projects’? To give us the same level of protection that was seen as required in 2011. That initial target was for the exact same scenarios set out in the Broadcast. Effectively relegation.
Hard to understand why relegation nowadays would have less of an impact than in 2011. I don’t believe using St Mirren and £500k as a yardstick is wise either. Pretty sure other Clubs have identified relegation as having greater financial implications than £500k, even allowing for an immediate return to the top division.
My other concern is ‘Why now and who is driving it?’
Fund raising initiatives have worked well this season. And congrats to all concerned. Mrs Baillie’s as an example. So why not carry on in that manner meantime? Walk before you run. Or perhaps, is the upgraded Training Ground and the apparently hush hush Fir Park Report playing a part here? Bearing in mind external funding is not straight forward as the WS hold a First Charge over Fir Park. Lenders don’t like being second or third in the queue if things go belly up. The WS is also a much cheaper source of finance. And per the broadcast, we may have heaps of transfer monies due but only in increments over the coming years. ‘ We do not have £10m in the Bank’ as a direct quote. So how are those two projects being funded?
Perhaps I am being too cautious but, until convinced otherwise, I would rather build up to £2.5m before proceeding as proposed.
Interested to hear what others think.