steelboy

Brilliant come back. What a difference after Halliday went off.

Aberdeen game we lose a goal second phase from a corner. St Mirren game Kelly goes walk about and they score from a corner. Today direct from a corner. A joke of a keeper and manager.

There's surely no way he'll be here next season???

Peak Liam Kelly Worst goalie in the league by far.

60 minutes and no shot on target. The fact that people think this is an acceptable standard is mental. The manager should have been gone before Christmas.

Liam Kelly doing bunny hops on the line when the ball is getting crossed 6 yards out yet again.

Spittal's got an airpod in listening to the Hearts game.

It would be crazy to risk Lennon Miller on that park.

It's great to see him standing up for our position against the SPFL regarding the Dundee game. It's night and day from Burrows changing a fixture at short notice to suit Rangers and Neil Doncaster a couple of years ago.

People seem to be very excited about the connection to a household name brand in Netflix when he hasn't actually worked there for a number of years. There is definitely a PR campaign running in the background here with the emphasis on the bid coming from a 'family' which always has positive associations rather than say 'producer of straight to TV movies'.

I can't read the article because of the paywall but i'm sure Stephen McGowan is the journalist who Les Hutchinson seemed to talk to a lot back when he was doing his takeover.

There's no way we should be agreeing to play on astro.

Simple question... Who is currently on the Executive Board?

Do Virgin Money have a shareholder who own 71% of the shares?

He posted it four weeks ago.

When we have a Society vote we are talking about the Society. Look at it this way. If you take a guesstimate 8m valuation of the club then the Well Society currently has assets of £5.7 million just in terms of shares in the club, plus the loans to the club plus the cash in the bank. So somewhere in the region of assets of £7m. If there is a share issue which hands the Americans a controlling interest (51%) the value of the Well Society shareholding - keeping the same valuation - drops to £1.6m. So you are talking about the Well Society giving up assets worth £4 million. Obviously it should require a majority of Well Society members in favour to make that decision.

Motherwell supporting Herald sports writer Graham McGarry has a column up about the potential investment. Bolded bits are most relevant imo https://www.heraldscotland.com/newsletters/bulletin/2605/?nid=2605&ref=eb

Every Society member owns 1 voting share in the Society. Having effectively proportional representation makes no sense. It opens up the possibility that the Well Society members could vote 70% against the takeover but the overall shareholders vote goes in favour of it. In that scenario the Society assets are hugely reduced in value against the wishes of the membership. If you wanted a direct vote the shares were on sale dirt cheap not long ago.

As far as I can tell the club legally has three directors. So there are two people on the Executive Board who aren't directors.

No shareholders need to approve that.

Jay from the Society board posted this on P&B on the 5th of March. So the Well Society don't have control over the Executive Board despite owning 70% of the club. McMahon is one of the three non WS Executive Board members, the other two are a mystery to me and don't seem to be listed anywhere on the club website. Again this is another example of why we are miles away from being able to have an informed and responsible debate about any proposals. There's very little accurate information available about the club and Society's financial position and structure and there are a lot of wrong assumptions out there amongst the support which is entirely down to the club and Society choosing to keep us in the dark. The argument has always been that Society members don't need to be involved in the day to day decision making of the club which everyone agrees with but the structure and overall financial position of the Society and club should be available and easy to understand for members. I'd like to see the Society set out a few points which I think would clear things up. 1. The overall profit/loss since the Society became majority shareholders. I've seen people say on P&B that we are in profit over the period, other people say it's unsustainable. Which is it? 2. What is the playing budget and add some context because £2.3m or £2.8m doesn't really mean much but pointing out clubs which spend a roughly equivalent amount in Scotland, England and Europe would give us a good idea of where we stand. 3. How much funding have the Society given the club directly and in loans? How much have the Society given to the Community Trust? 4. Why do the Society board feel we are best represented by having a minority position on the club executive board? If the Society board answer these questions we would all have a clearer idea of how fan ownership is working.

The total wage bill for the club is £5 million per year. The player wage bill is far higher than £1.5m per season. As I pointed out the other day we reported a (slightly) higher turnover and wage bill than our new CEO's old club Shrewsbury Town who are midtable in League One in England. It suits the club to have the support thinking we are operating on a shoe string budget but it's not true at all.

Playing side versus off field. Other than the takeover and the pitch fiasco I think the non playing side has been fine. It's all worth bearing in mind that the Well Society doesn't have majority control of the executive board. The club has been run by the exact same clique of people for the past 20 years. So blaming the Well Society for level of investment in corporate facilities is a clear sign someone doesn't have a clue what they are talking about.

So we are underperforming by out massively out performing Dundee United, Dunfermline and Falkirk? You've not been near Fir Park in years but know exactly what the Society are doing wrong? Nae bother mate.

An utterly ridiculous statement from the Society. Nothing to do with them apparently, they are only the majority shareholder. McMahon and Dickie leading Feely around by the nose.