Stuwell2 Posted April 11, 2024 Report Share Posted April 11, 2024 I’d argue that any investor who doesn’t invest in his target customers will lose them and his investment. Quote Link to comment Share on other sites More sharing options...
dennyc Posted April 11, 2024 Report Share Posted April 11, 2024 2 hours ago, Stuwell2 said: Did Les get his money back? From memory there was an initiative where he matched fans cash with his up to the £1m he had put in initially. Was a bit of a gimmick to encourage fan to join the society. Les H did encourage Society sign ups by saying he would reduce the sum owed to him by the equivalent of any new funds collected by the Society. £1 for £1. What we were not told at the time was that Society funds would be used to repay the remaining balance of his debt at an agreed date. Effectively, for a period of time, all monthly payments to the Society were passed to him. My view is that fans who hand over hard earned cash are entitled to know what those funds will be used for. Not to the Nth degree by all means. To support the Club is one one thing and I'm all for that, but to support other causes (however worthy) is another thing. If I want to contribute to the Community Trust or any other charity I will do that separately. I'm certainly not questioning the merit, good work or value of the Trust. My biggest concern is that funds were to be loaned to the Club and not just donated. The Society would act as Bankers. Any Loans to the Club were to be shown as such on MFC/Society Accounts with the intention that at 'some time in future convenient to MFC' they would be repaid from income. This was essentially an exercise to ensure that if MFC failed, then legal priority would be given to repaying the Society ahead of Ordinary Shareholders and Creditors. Common sense. If that agreement had been adhered to, then the value of the Society would currently be well in excess of £2m. And available for a rebuild if need be. If the way the the Society is to support the Club has changed/is to change then fair enough. But at the very least Members should be aware of what the arrangement is. Through discussions I believe attempts are being made to return to the original model, driven by recent appointees. But if I am to continue to contribute then I need to be convinced that we are once more operating as originally agreed, particularly as those who oversaw the 'donations' still have influence. 2 Quote Link to comment Share on other sites More sharing options...
Spiderpig Posted April 11, 2024 Report Share Posted April 11, 2024 2 hours ago, Stuwell2 said: I’d argue that any investor who doesn’t invest in his target customers will lose them and his investment. Investors in football clubs are not selling a product to the masses, they don't have target customers, they are looking to invest money make the club better on and off the field, then withdraw some of the profit etc. Quote Link to comment Share on other sites More sharing options...
Spit_It_Out Posted April 11, 2024 Report Share Posted April 11, 2024 Well they are apparently rocking up to Fir Park this weekend to catch the Hibs game so I would expect hear about the people behind it. I for you am excited by the prospect of nothing but fresh ideas at the club think it could be good times ahead and looking forward to hearing more. Maybe this is the reason we don't have a new chairman yet maybe the investors might want to have someone at the helm. Quote Link to comment Share on other sites More sharing options...
santheman Posted April 11, 2024 Report Share Posted April 11, 2024 https://www.bbc.co.uk/sport/football/68790801 An insight to our potential investor Quote Link to comment Share on other sites More sharing options...
grizzlyg Posted April 11, 2024 Report Share Posted April 11, 2024 17 minutes ago, santheman said: https://www.bbc.co.uk/sport/football/68790801 An insight to our potential investor A very interesting read. Let's see how talks go. I am certainly prepared to hear their plans 2 Quote Link to comment Share on other sites More sharing options...
mio Posted April 11, 2024 Report Share Posted April 11, 2024 Really interesting to read, I hadn’t realised his missus wants involved and is high up at snapchat (not that I know what this is but I believe it’s huge) could be exciting times? Who knows!! Quote Link to comment Share on other sites More sharing options...
StAndrew7 Posted April 11, 2024 Report Share Posted April 11, 2024 32 minutes ago, santheman said: https://www.bbc.co.uk/sport/football/68790801 An insight to our potential investor I said this over on P&B as well; it absolutely comes across as him "saying the right things" at this early a stage of negotiations and engagement but he is saying the right things. Definitely interesting times ahead. Quote Link to comment Share on other sites More sharing options...
texanwellfan Posted April 11, 2024 Report Share Posted April 11, 2024 I enjoyed reading that Quote Link to comment Share on other sites More sharing options...
Spit_It_Out Posted April 11, 2024 Report Share Posted April 11, 2024 Sound like the sort of people we need at the club,they have alot of fingers in alot pies and probably have tons of rich well of pals that maybe would like to get involved aswell. I look forward to seeing what's what but I say this am I excited by this you bet yer bottom dollar I am! Quote Link to comment Share on other sites More sharing options...
Kmcalpin Posted April 11, 2024 Author Report Share Posted April 11, 2024 The interview sounds good and we should find out more about it in due course. The devil might well be in the detail though. So far so good. Quote Link to comment Share on other sites More sharing options...
Yoshi-1991 Posted April 11, 2024 Report Share Posted April 11, 2024 2 hours ago, santheman said: https://www.bbc.co.uk/sport/football/68790801 An insight to our potential investor A good read and comes across well, making the right noises, although you could argue thats his job to do that. I do strongly believe (and have done long before this) that football, especially Scottish football does like to stick to the old "thats how we've always done it" mantra and having an outside eye that not only sees modern opportunities but has the ability to act on it can only be a good thing. As a long-time F1 fan I have seen the almost instant impact DTS has had on the sport and other than the few gatekeepers I would say the old fan base has embraced the new fans coming in and the new lease of life it has given the sport (and increase in revenue to go along with it). If this is the sort of thing we can be looking at then it can only bode well in my eyes. I am as sceptical as the next guy about new investors, but given the choice, this is the kind of person we should be looking at. Quote Link to comment Share on other sites More sharing options...
dennyc Posted April 11, 2024 Report Share Posted April 11, 2024 Decent Interview with valid questions asked and addressed. And he is now on record as not wishing to oust the Society. Further details to come but encouraging. Quote Link to comment Share on other sites More sharing options...
grizzlyg Posted April 11, 2024 Report Share Posted April 11, 2024 3 hours ago, mio said: Really interesting to read, I hadn’t realised his missus wants involved and is high up at snapchat (not that I know what this is but I believe it’s huge) could be exciting times? Who knows!! I am not technically minded but I think Snapchat is when 2 folk say the word Chat at the same time!!.... Cueeeee ......... Ba boom......... COYW 3 Quote Link to comment Share on other sites More sharing options...
steelboy Posted April 11, 2024 Report Share Posted April 11, 2024 53 minutes ago, dennyc said: Decent Interview with valid questions asked and addressed. And he is now on record as not wishing to oust the Society. Further details to come but encouraging. He also didn't say no to being the majority shareholder. Obviously any new owner would want to keep the Society involved. It would be very expensive to get rid of it. The fans being the majority shareholder has to be the red line. Quote Link to comment Share on other sites More sharing options...
steelboy Posted April 11, 2024 Report Share Posted April 11, 2024 Looking at social media and there are the usual rosters talking about "global exposure" and "massive investment". What planet are those people living on? Look at the games the last two nights, why would anyone in another country want to watch us over that standard of football? Quote Link to comment Share on other sites More sharing options...
dennyc Posted April 11, 2024 Report Share Posted April 11, 2024 43 minutes ago, steelboy said: He also didn't say no to being the majority shareholder. Obviously any new owner would want to keep the Society involved. It would be very expensive to get rid of it. The fans being the majority shareholder has to be the red line. “Our perspective is we never want to make an investment that disempowers the Well Society and the connection the fan-owned group has with the club. There's a bunch of different ways to construct deals that can accomplish the objectives of a fan ownership model, alongside outside investors. “ What do you think he meant with that response? How does taking a majority holding tie in with not wishing to disempower the WS? Quote Link to comment Share on other sites More sharing options...
Spit_It_Out Posted April 11, 2024 Report Share Posted April 11, 2024 24 minutes ago, wellgirl said: No red line for me. The society need to get their act together and sharpish as far as I'm concerned. I want investment into my club and thats it. Exactly this in my eyes nothing to lose and everything to gain we are plodding along in the mud and folk are carrying on like these people are James Bond villains with a master plan lol. No red line for me either it’s time to make moves and this is a move in the right direction. Quote Link to comment Share on other sites More sharing options...
steelboy Posted April 11, 2024 Report Share Posted April 11, 2024 6 minutes ago, dennyc said: “Our perspective is we never want to make an investment that disempowers the Well Society and the connection the fan-owned group has with the club. There's a bunch of different ways to construct deals that can accomplish the objectives of a fan ownership model, alongside outside investors. “ What do you think he meant with that response? How does taking a majority holding tie in with not wishing to disempower the WS? They will just say it's still 'empowered' with 30% or whatever. 1 Quote Link to comment Share on other sites More sharing options...
steelboy Posted April 11, 2024 Report Share Posted April 11, 2024 11 minutes ago, Spit_It_Out said: Exactly this in my eyes nothing to lose and everything to gain we are plodding along in the mud and folk are carrying on like these people are James Bond villains with a master plan lol. No red line for me either it’s time to make moves and this is a move in the right direction. We've got everything to lose. Literally. It's ours and we can lose it. It's not about whether these people are Bond villains or not. It's about the long term future of the club, maybe these people won't fuck us over but they might sell up in a few years and the next owner could be anyone. It took less than four years for Boyle to pull the plug due to his other businesses. Les gave up after two years due to unforeseen health problems. Things can change quickly when you are reliant on one person. 1 Quote Link to comment Share on other sites More sharing options...
dennyc Posted April 11, 2024 Report Share Posted April 11, 2024 6 minutes ago, steelboy said: They will just say it's still 'empowered' with 30% or whatever. I think that response reveals more about you than it does about Barmack. 2 Quote Link to comment Share on other sites More sharing options...
Cameron_Mcd Posted April 11, 2024 Report Share Posted April 11, 2024 23 minutes ago, Spit_It_Out said: Exactly this in my eyes nothing to lose and everything to gain we are plodding along in the mud and folk are carrying on like these people are James Bond villains with a master plan lol. No red line for me either it’s time to make moves and this is a move in the right direction. We've got a lot to lose. I'm on the fence about it all at the moment. I think it's absolutely mental that people are giving definite "yes's" or definite "no's" without knowing the real details of the investment. How can it possibly be "a move in the right direction" when you don't know what he's putting in and what he's wanting in return? 2 Quote Link to comment Share on other sites More sharing options...
joewarkfanclub Posted April 11, 2024 Report Share Posted April 11, 2024 Hold....... Hold....... Hold....... 1 Quote Link to comment Share on other sites More sharing options...
weeyin Posted April 11, 2024 Report Share Posted April 11, 2024 I'm just looking forward to leaning in to the corporate synergy that leverages KPIs of the verticals in the intersectional market segments funnel as we disrupt the traditional leather based sphere projectile space. 1 1 Quote Link to comment Share on other sites More sharing options...
SteelmaninOZ Posted April 12, 2024 Report Share Posted April 12, 2024 10 hours ago, grizzlyg said: I am not technically minded but I think Snapchat is when 2 folk say the word Chat at the same time!!.... Cueeeee ......... Ba boom......... COYW 1 Quote Link to comment Share on other sites More sharing options...
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