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Showing content with the highest reputation on 03/13/2024 in all areas

  1. County equalising against Hibs in the last minute is helpful, although a win for County would've been preferable. Aberdeen losing to Dundee isn't helpful, as a draw would've been preferable, but it's still funny to laugh at Aberdeen. Top 6 is still on.
    1 point
  2. Dundee and Hibs were both winning though Ross County look to get a late point , will take that
    1 point
  3. A point each for Dundee and Aberdeen and 3 points for Ross County would be my preferred results tonight.
    1 point
  4. I signed him for free in Football Manager and he's currently my most played player. So for me aye haha
    1 point
  5. By fuk that would be hilarious if it was him. Job done come back in agent Flo.
    1 point
  6. In terms of the precise annual figure, it was roughly in that ballpark. It may have been close to £120,000, but essentially the majority of the funds raised on an annual basis went into the club as a loan. The loan to the club remains & hasn't been written off. Just also to clarify, the Society putting cash into the club on that annual basis ended when Les was paid off. It no longer happens. Instead, the majority of members pledges remain within the Society finances, which thankfully allows us to now be in a position to highlight that £750,000 we have. I imagine things would be a lot more negative regarding the Society's ability to be the majority shareholder going forward if there was the prospect of a £750,000 gap in 18 months, and we had a few quid. And on the point around whether the arrangement with Les was communicated to members or not, I can only play the massive cop-out card & say that was before my time, so I genuinely have no idea how members were informed about that, if at all (I say that as someone who was a member at the time but has obviously forgotten).
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  7. I just wrote a rather large reply to this & then lost it so hopefully I manage to remember everything again... This is absolutely the kind of thing that should be accessible & transparent though. I can only really speak for the time I've been involved in the Society, since early 2017, but when I joined the board, the club was still very early on in the "repay Les Hutchison's loans" journey. You may remember that, at the time, there was the Double Your Money campaign, where every penny raised by the Society would see Les cut his loan by the same amount. However, also part of the loan agreement, was that the Society would put - if memory serves - around £130,000 into the club on an annual basis (in the form of loans). This effectively meant that, as a result of the Les Hutchison loans to the club, the model of the Well Society changed from being that contingency fund to investing in the club on a yearly basis. Alongside that, there is also the reality that, albeit infrequently, there may be the odd situation where the majority shareholder is asked to invest a sum in the club for a genuinely important reason. The example I'd maybe use to flesh that out a little would be if there was an injury crisis in January & the playing budget was already maxed out, would an owner elsewhere be able to reduce the chances of relegation by increasing that budget slightly to cover a target? And if so, should the Society do likewise? As I say though, very much not a regular occurrence by any means. Beyond that, in more recent years, there has been a process in place to allow parts of the club to apply to the Society for a sum of funding. The funding is capped & an application has to be submitted that details what the funding is for, what the benefit is, and why the funding can't be sourced elsewhere. The Society Board has to agree as a majority to accept any of those applications, and a number have been rejected during my time. Those that have been accepted are usually publicised at the time, the defibrillator outside the ground & a couple of youth teams travelling to Ireland to take part (and win) a cup competition spring to mind. The sums spent on successful applications are small in relation to the kinds of big sums we're talking about and even then, the Society Board would point blank refuse any application if the club itself was in any sort of financial trouble or it just wasn't viable or deemed as worthwhile. And then there's the usual admin fees, other expenses, and the staff salary that the Society pays on an annual basis. I am not aware of any ongoing funding of or donations to the likes of the Community Trust, outwith any requests they've had regarding funding in the past that we've possibly agreed to. That for me is a - albeit second attempt - rough outline of the Society's financial approach as I understand it. There's no doubt that the model of the Society switched during those years following Les Hutchison but, in more recent years, there's been a conscious effort to switch back to the original model, hence the ability to build up £750,000. All that said, if you're looking for more specific figures, I would absolutely contact the Well Society by e-mail. None of this should be a secret.
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  8. Just wanted to jump on to address this point - I understand why there's a perception that the club needs an injection of significant investment by October, but I think it's important just to add the context to that. If the club finishes 10th without any player sales or cup runs (so, essentially, worst case scenario without going down), there's a gap in the finances in 18 months time of around £750k. It's my understanding that this has essentially been the case for the last couple of years, it's only really being discussed now as a result of the investment video & resulting negotiations that everyone is aware of. The Well Society has around £750k in reserve so, at the moment, it could be argued that, if we were to finish 10th with no cup runs & no player sales, the Society would already be in a position to meet that shortfall in 18 months time. Of course, that doesn't eradicate the ongoing problem but I think it does at least add a little more context to the situation we're in. In addition, if we finish higher than 10th, that £750k is naturally reduced. And if things go very well in the next few games & we - as unlikely as it seems - make the top six and/or sell Lennon Miller (or Theo Bair!) suddenly the £750k isn't just reduced, it's potentially eradicated for a number of years. The idea of October as a deadline is a result, I believe, of the need for the club to demonstrate to the SPFL at that point that it can meet its obligations (ie. fixtures) for the following 18 months. It's obviously very difficult to ascertain what that will look like in practice, because by October some of the things I've suggested above could happen - or, of course, we could still be relegated - but I think at this stage there's a genuine hope that, between the potential of a strong end to the season, at least one very sellable asset, and the Society's cashflow, we could do that even without external investment before that point. That's something that might have to be achieved regardless because, as mentioned before, even if we all wanted rid of fan-ownership, there's still a real possibility that the external investment doesn't materialise for a variety of different reasons (including Society members just voting against it). So yeah, in short, hopefully that adds a little more flesh to the bones around the idea that the club needs an injection of significant investment by October. Simply put, there's a lot of moving parts and, given the model the club operates under & has done for many years (in terms of league position & selling assets), there's still a big question mark around what October even looks like in financial terms. The absolute worst case scenario is needing significant external investment by the date but there are outcomes, however, where that is not necessarily the case. How likely those outcomes are is entirely open to personal opinion I'd imagine. As for the bucket collection, I have to say I've not been involved in the plans for Well Society Day - other than offering my time on the day - so I can't really comment there.
    1 point
  9. Thank you for flagging both. We have received 150 updates received over the first 48 hours. Well Society members can update their details here.
    1 point
  10. Turns out a professional football manager knew more about coaching players than random punters on a message board.
    1 point
  11. I never said it was ok in fact i only went and offered my opinion on them in the first 4 words of the post The frothing at the mouth , keyboard thumping and faux outrage by some who didnt give two hoots when other sets of fans were doing it, as recently as last week isnt very convincing though
    1 point
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