New Investment Options

[wellfan]

1 hour ago, bobbybingo said:

That seems a fair comparison to me, though your opening words, 'I see the society as....' are interesting. I think a lot of people may be asking the question, what should the Well Society board's position/function be in this situation, given it hasn't been tested till now.

Yeah, that's fair to say, as I've always remained a little unclear as to what the WS actually is, how it functions within itself and with the Club, and what ‘powers’ it has. I've paid my monthly DD for years regardless. 

[stv]

1 hour ago, steelboy said:

I've got a feeling if it's a deal which gives away the majority shareholding McMahon will be putting pressure on the Society board to stay neutral. 

The fact it's apparently going to come down to a Yes/No decision before the Society gets any input at all is absurd. If this guy actually had good intentions he would be coming to the Society and directly asking what concerns we have rather than cutting us out. 

He would have to listen to a lot of folk that talk a lot of shite tho.

[Stuwell2]

The Society board has a responsibility to the Society members which will involve them doing due diligence on both the final agreement submitted to them and the person involved. After that they will draft a statement to be distributed to the members after it has been cleared by lawyers.
Once this has been done and distributed it will be up to the society members to vote on acceptance or rejection by a simple majority. 

Im not sure if there is a time limit on between becoming a member and being given the right to vote but I’d advise anyone wishing to vote on this who isn’t already a member to join the society now or forever haud yer wheesht . 

To often smart arses on here and other places seem happy to stir up shite when if they were serious a quick search would have given them the correct answer rather than them posting crap on here. 
Im not having a go at anyone who genuinely asks questions but those who ask loaded questions to stir up trouble because after winning this weekend they can’t post their usual shite about the manager/team. 
 

Rant over and I feel better.

 

[steelboy]

56 minutes ago, stv said:

He would have to listen to a lot of folk that talk a lot of shite tho.

A load of shite like wanting to secure that no one can ever sell Fir Park for a profit and pocket the cash?

[Kmcalpin]

I agree with a lot that has been posted on here. I'm still not fully convinced though about the Society making a recommendation to members, although I get why it would. Should the Executive Board of the club also issue a recommendation to the 29% private shareholders?  In that eventuality, it would be vital that both messages to private shareholders and Society members are harmonised. Thats not been the case so far, although I'm optimistic that recent changes in the Society and club are improving matters. We don't want differing messages. This will have to be handled carefully.

I'm in no rush though - better to take time and undertake due diligence.  

[bobbybingo]

3 hours ago, steelboy said:

A load of shite like wanting to secure that no one can ever sell Fir Park for a profit and pocket the cash?

Talking to folk about their concerns won't secure that.

[steelboy]

20 minutes ago, Kmcalpin said:

I agree with a lot that has been posted on here. I'm still not fully convinced though about the Society making a recommendation to members, although I get why it would. Should the Executive Board of the club also issue a recommendation to the 29% private shareholders? 

This is slightly complicated by the fact that a member of the executive board, the head of governance of the Society and the largest private shareholder are all the same person.

The Society members and private shareholders have different positions. The Society board has to act in the interests of the membership, it shouldn't be giving a thought to private shareholders.

[steelboy]

5 minutes ago, bobbybingo said:

Talking to folk about their concerns won't secure that.

The rumoured proposal is the American taking 51% of the club for £1.5m investment. The question put to the Society members was about losing the majority shareholding. It's fair to assume that's what's going to be on the table even if the money is different.

We don't even know if anyone is asking about long term protections in the negotiations. We seem to be expected to trust McMahon to act in the interests of the shareholders when he has already spent a large sum of his own money promoting the idea of giving an American the majority shareholding. Clearly he has a personal interest.

Hopefully we will be able to put questions forward to get details about not only what the American wants but also what he has ruled out before any vote but the way things have been handled so far doesn't make me optimistic.

[stv]

3 hours ago, steelboy said:

A load of shite like wanting to secure that no one can ever sell Fir Park for a profit and pocket the cash?

Hey mate……. if the cap fits. 

[santheman]

Another day another rumour.🙄

Let's wait until we see whatever's on offer in black and white eh?

[Mccus28]

26 minutes ago, steelboy said:

The rumoured proposal is the American taking 51% of the club for £1.5m investment. The question put to the Society members was about losing the majority shareholding. It's fair to assume that's what's going to be on the table even if the money is different.

We don't even know if anyone is asking about long term protections in the negotiations. We seem to be expected to trust McMahon to act in the interests of the shareholders when he has already spent a large sum of his own money promoting the idea of giving an American the majority shareholding. Clearly he has a personal interest.

Hopefully we will be able to put questions forward to get details about not only what the American wants but also what he has ruled out before any vote but the way things have been handled so far doesn't make me optimistic.

Do you ever get tired of presenting rumours as facts???

You are clearly a glass half full kinda guy.........................said nobody ever!!!!!!!!!!!

[bobbybingo]

48 minutes ago, steelboy said:

The rumoured proposal is the American taking 51% of the club for £1.5m investment. The question put to the Society members was about losing the majority shareholding. It's fair to assume that's what's going to be on the table even if the money is different.

We don't even know if anyone is asking about long term protections in the negotiations. We seem to be expected to trust McMahon to act in the interests of the shareholders when he has already spent a large sum of his own money promoting the idea of giving an American the majority shareholding. Clearly he has a personal interest.

Hopefully we will be able to put questions forward to get details about not only what the American wants but also what he has ruled out before any vote but the way things have been handled so far doesn't make me optimistic.

When did he promote the idea of giving an American the majority shareholding?

[steelboy]

35 minutes ago, bobbybingo said:

When did he promote the idea of giving an American the majority shareholding?

The video he paid for that says we are looking for American investment. 

[joewarkfanclub]

Just went back and watched the video again (yes, I know!) and whilst the video is clearly aimed at US investors, it doesnt at any point actually stipulate that AND it finishes by making an appeal to ANYONE with money that would see us as an attractive proposition.

Not really sure what Steelboys angle is here. I agree we need to be wary about the type of investor we attract and that we should certainly be carrying out due dilligence surrounding the individual/group and the offer, but there is nothing I've seen to suggest that we arent doing that and the Well Society certainly arent sending out those kind of signals.

No need to be getting our knickers in a twist until we have something to deliberate over.

 

[dennyc]

3 minutes ago, steelboy said:

The video he paid for that says we are looking for American investment. 

Why is it such a big deal for you that he supposedly paid for the video? I can imagine your comments had he used Club funds bearing in mind our financial situation? Do you think we don't need external investment? I suppose it all adds to your conspiracy theory though. If you have concrete evidence that McMahon is not acting in what he believes to be the best interest of Motherwell FC, then share it.

And I'm pretty sure the request for investment was not limited to America.

 

Did you have the same issues when a former Director personally funded a players wage deal?

 

 

 

[bobbybingo]

39 minutes ago, steelboy said:

The video he paid for that says we are looking for American investment. 

Ok. Can you quote the bit where anyone says anything about selling them majority shareholding, or is that just your personal take on what he meant?

[Spiderpig]

9 minutes ago, bobbybingo said:

Ok. Can you quote the bit where anyone says anything about selling them majority shareholding, or is that just your personal take on what he meant?

Engaging in a debate with steelboy is like talking to Grandpa Simpson 2 posts in and its all meaningless drivel, you need to stop feeding the Trolls.

[Motherwellfc1991]

Can someone inform me who actually sits on the ‘club’ board and who makes up the well society board after the recent appointments and are there individuals that  sit on both? 

 

i joined the society way back when it was launched and paid a decent monthly contribution for a good few years but I’ve never had an email or anything from them since the joining pack - ever !! I even used the email address posted here recently and still haven’t heard back. Because I don’t contribute now does that mean I don’t have voting rights anymore  ?

The reason I stopped contributing was mainly because the society had a spell of appointing their ‘own men’ onto the board with no consultation with its members ( this is possibly written into the constitution) and in my opinion it became a puppet for Alan burrows and a couple of others to easily influence !!!

The structure and the society’s medium and long term strategy will go a long way in me deciding how i vote ( if I’m allowed) and whether I start contributing again. 
 

I may be looking in the wrong places but so far it’s a bit like a general election with more being said about the potential investment by society members that I’m aware of than how the society is going to be successful moving forward - does the society have a written strategic plan for the future ?

[Cameron_Mcd]

10 minutes ago, Motherwellfc1991 said:

Can someone inform me who actually sits on the ‘club’ board and who makes up the well society board after the recent appointments and are there individuals that  sit on both? 

The Exec board is Jim McMahon, Tom Feely, Douglas Dickie and then the incoming CEO. 

The Well Society board consists of Sean Baillie, Douglas Dickie, Maureen Downie, Tom Feely, Jay Henderson, Amber Johnstone, Markus Schieren, Philip Speedie and Derek Watson.

 

A bit of info on all the members of the Society board

[texanwellfan]

 I saw 1.5 million quoted as the proposed investment over a few years but not sure if that’s correct. We need all the help we can get but that amount doesn’t get me too excited. I could probably run through 1.5 Million nae bother in 3 years by myself. Now 1.5 million a year is getting better but not sure it’s “life changing” for Motherwell FC but could be enough so that we don’t have to worry so much about falling out of existence. Whether it’s 1.5 million a year or over a few years, I don’t think that’s enough to warrant giving up controlling share. I understand it’s not just money but also the integrity and intentions of the investor. All things being equal and asssuming the integrity of the investor I’d be looking for much larger investment than 1.5 million to give up controlling interest. 

[Mccus28]

6 minutes ago, texanwellfan said:

 I saw 1.5 million quoted as the proposed investment over a few years but not sure if that’s correct. We need all the help we can get but that amount doesn’t get me too excited. I could probably run through 1.5 Million nae bother in 3 years by myself. Now 1.5 million a year is getting better but not sure it’s “life changing” for Motherwell FC but could be enough so that we don’t have to worry so much about falling out of existence. Whether it’s 1.5 million a year or over a few years, I don’t think that’s enough to warrant giving up controlling share. I understand it’s not just money but also the integrity and intentions of the investor. All things being equal and asssuming the integrity of the investor I’d be looking for much larger investment than 1.5 million to give up controlling interest. 

Its everything else he may bring with his team of people and contacts.  He will have far superior media execs, sponsor opportunities etc etc which can only be a good thing as well as putting us in the window.

The only person ive seen touting the 1.5mil idea is Steelboy who im actually thinking is just a troll looking for reactions as he seems unhinged at any idea of Motherwell trying something a little different.  I get the feeling he sits in a rage when we win 😜

[Mccus28]

1 hour ago, wellgirl said:

That's not the case. It was a light hearted comment about Taylor Swift. 

Try not to engage with this guy, he is turning into a parody of a Motherwell fan

[Motherwellfc1991]

Thanks for info on the various board members. 
 

Is it just me or is there potentially quite a bit of conflict of interest with two board members being on the exec board and the well society board. 
 

I may be wrong in thinking the well society are the majority share holder essentially so if the society decide to question the board on a decision or way of thinking then Dickie and Feely are basically questioning themselves ? 
 

The same goes the other way around and they are both for this investment and attempting to persuade the society board and its members.

I did way back recall wishing the society to question/raise  a few decisions of the board in relation  to financial operational  decisions mainly stadium and society fund  shortfall related and it never made its way past the society because Alan Burrows and One other society and board member at the time didn’t want to be seen to be questioning themselves as they sat on both boards 

[joewarkfanclub]

£1.5m for a controlling share of the club values us at £3m.

Given that Lennon Miller is worth that on his own, Im not sure how seriously I would be taking those figures.

[Dossertillidie2]

18 minutes ago, Motherwellfc1991 said:

Thanks for info on the various board members. 
 

Is it just me or is there potentially quite a bit of conflict of interest with two board members being on the exec board and the well society board. 
 

I may be wrong in thinking the well society are the majority share holder essentially so if the society decide to question the board on a decision or way of thinking then Dickie and Feely are basically questioning themselves ? 
 

The same goes the other way around and they are both for this investment and attempting to persuade the society board and its members.

I did way back recall wishing the society to question/raise  a few decisions of the board in relation  to financial operational  decisions mainly stadium and society fund  shortfall related and it never made its way past the society because Alan Burrows and One other society and board member at the time didn’t want to be seen to be questioning themselves as they sat on both boards 

Was thinking the same but are these two not just the society reps on the board for decision making? Would perhaps make more sense to have a couple of non execs/external board appointments to give an impartial view on the main board