steelboy

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.

https://www.mwe.com/insights/taxation-of-foreign-branches-after-tax-reform/ So if we make a profit they make money and if we make a loss they claim it off their US tax bill. That's why all the American owners appeared on the scene at the same time.

I posted the rumour that is going about from people who usually have good info. I don't think that's unreasonable on a fans forum. The rest of it is fact. The full process has been a shambles. Just the fact that they held a binding members vote then a week later came out and announced they didn't have up to date contact details is a total farce.

Aye it's the gie us some dosh bit. And it's not like the wean is ad libbing it's all scripted. Putting out a video suggesting we require American investment when they were in talks with a potential American investor is extremely dubious.

I think it's reasonable to assume anyone begging for money is skint.

How do you know there's nothing illegal in it? We don't actually know who paid for the video. Having a video that says we are skint is talking down the value of the business. As I said with a listed company 100% illegal, with us who knows. Also need to question why the Society said ok to the video. Conviently we can't ask these obvious questions because they refuse to hold a members meeting.

I looked the P&B thread there and the question is being asked why Americans would want to get involved. The likely answer is because Trump's tax reform in 2017 allows international business expenses to be written off against American tax bills.

And who's fault is that 3 months in we know fuck all?

I'd like to see someone ask big banker McMahon if it's legal for a chairman to pay for a marketing campaign suggesting a business has cash flow problems during a takeover. If we were a listed company then it would highly illegal but our ownership model is bespoke so who knows.....

Can I buy your motor for £100? House for £500. Don't be so stupid. I take it you are the guy who answers the emails from Nigerian princes?

30% of the club for £300k? The club is easily worth £8-9m.

The rumour is they want majority control but it happens gradually over a few years. Which to me means they want access to the Society funds for as long as there is any.

Also it stinks that this has been going for months and there hadn't been a society members meeting to discuss what's happening. Surely they don't think they can just give the club away via a few emails?

The rumour going about is that they only want to put in £300,000 a year for five years and are talking about bringing in more investors later. Society members would need to be stupid to vote for that. Any credible buyer would pay what the club is worth. It also has to be questioned why the Society are still fundraising when this is moving forward.

I've had a look and we actually have a slightly higher turnover than Shrewsbury in the latest accounts up to May '23. £6.4m vs £6.2m. We have staff costs of £5m and they were slightly higher with £5.2m but considering that they are in a far higher cost of living area we should be getting more for our money. This is a budget that got them mid table in League One yet we are continually told we can't compete with League Two or National League for wages which is clearly lies and deflection.

Is that for players or the club as a whole?

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If he fails to win another game this season I don't think he'll be here.

I've got to hand it to Kettlewell in that interview. You would never know by listening him to we've only had two league wins at home in 7 months.

He's still a Hearts player so we can pull the deal. You can't have a guy like that in the team, he's in the Butcher/Obika zone.

The thought of season ticket money going to signing Andy Halliday for next season is a complete sickner. Him and Nicholson are both miles away from being fit enough to play in this league.

That was a poorly coached team last night. There were times when McTominay, McGinn, Christie and Dykes were all within 20 yards of each other standing still and the ball was going out to the wingbacks who were totally isolated and double teamed. Clarke has completely flopped both times that he's been in a position where he and the opposing coach have a few weeks to prepare the team. He's a dinosaur in coaching terms who was playing the same 5-4-1 system with no width that we have all seen doesn't work with Motherwell this season. It's the football equivalent of a boxer going backwards with a high guard waiting to lose on points and collect his paycheque.

No I wanted a new CEO and we have one. I'm taking it as a sign that the takeover stuff has died off a bit as well. Now we can prepare for whatever league we are playing in next season.

If Hearts are paying him a decent wage I don't think they will be happy with him spending 2-3 hours every day on the M8.

Good news. Hopefully it means the takeover interest has cooled.