New Investment Options

[Cameron_Mcd]

5 minutes ago, steelboy said:

Not a bad idea. I couldn't be any worse.

Alexa play 'Things Can Only Get Better' by D:Ream 

[SteelmaninOZ]

2 hours ago, steelboy said:

Steelboy as chairman of Motherwell FC?

Not a bad idea. I couldn't be any worse.

  

[StAndrew7]

7 hours ago, steelboy said:

https://x.com/GavinMcCafferty/status/1809347134002454718?t=TyZbd2am63JTu-M4HwTvnw&s=19

Barmack's document use incorrect figures for our financials from Kevin Maguire's Twitter account. 

The correct figures are freely available on the Companies House website where anyone with half a brain can find them. The guy wants to be our chairman next month and he has no clue what our wage bill is. 

This is absolutely fucking scandalous.

Surely this needs to be stopped or paused now, or at the very least his business plan removed from the supporting documentation.

How on earth this got past the Club without having been checked in any capacity is absolutely horrendous. If this is the level of due diligence done on what's been provided/issued to them, this whole thing has descended into (even more of) a farce.

[Ya Bezzer!]

Barmack talks snakeskin oil salesman level shit ('vision', 'values', 'global stage', 'technology platforms' etc) and his offer is ridiculous.

Can we just please end this whole saga?

 

[wellfan]

2 hours ago, StAndrew7 said:

This is absolutely fucking scandalous.

Surely this needs to be stopped or paused now, or at the very least his business plan removed from the supporting documentation.

How on earth this got past the Club without having been checked in any capacity is absolutely horrendous. If this is the level of due diligence done on what's been provided/issued to them, this whole thing has descended into (even more of) a farce.

What due diligence?

McMahon et al. should be ashamed of themselves.

[Mad Dog]

10 hours ago, steelboy said:

No wonder they struggle with spelling.

Not a bad idea. I couldn't be any worse.

The way that I picture you interacting with certain members of our squad, I think that you really could be worse.

[Spiderpig]

2 hours ago, wellfan said:

What due diligence?

McMahon et al. should be ashamed of themselves.

They want out with their cash, so is anyone surprised that they are all for the 1st investment offer they get, they don't give a shit about due diligence or what it means for the club.

Barmack's team must have had a right laugh drafting that proposal with the executive board nodding dogs agreeing to everything

 

[joewarkfanclub]

12 hours ago, steelboy said:

No wonder they struggle with spelling.

Not a bad idea. I couldn't be any worse.

You would struggle to find a manager you liked!

😉😉😉

[Kmcalpin]

Shareholder voting pack just dropped through our letterbox.

[Onthefringes]

9 minutes ago, Spiderpig said:

They want out with their cash, so is anyone surprised that they are all for the 1st investment offer they get, they don't give a shit about due diligence or what it means for the club.

Barmack's team must have had a right laugh drafting that proposal with the executive board nodding dogs agreeing to everything

Have I missed something? What cash are they expecting to get out with?

At least keep things factual.

[Spiderpig]

2 hours ago, Onthefringes said:

Have I missed something? What cash are they expecting to get out with?

At least keep things factual.

Get the deal done, absolve themselves from any further responsibility and then quietly sell their shares to Barmack or one of his team, as I said take their cash out.

[steelboy]

Seeing how many people are queuing for a ticket rather than buying them online I don't think Barmack's going to have much success with his hi tech plans for the club. 

[Onthefringes]

1 hour ago, Spiderpig said:

Get the deal done, absolve themselves from any further responsibility and then quietly sell their shares to Barmack or one of his team, as I said take their cash out.

Have you proof of this? Monetary value? I hope Barmack offers me same.

Any personal holding is greatly reduced and there’s a proposal you can increase dependant on standing so I’m not quite catching how they’ll make on any investment.

Like I said, keep it factual. Been far too much misinterpreting across all platforms. We need no more.

[David]

3 hours ago, Onthefringes said:

I hope Barmack offers me same.

He won't. but one of his associates most likely will at least sound you out.

[Onthefringes]

33 minutes ago, David said:

He won't. but one of his associates most likely will at least sound you out.

Tongue was firmly in cheek.

Even the offer of a Joe McBride with Mrs Barmack won’t see me part. It’s never been about investment for me as I’m sure it is for most.

[steelboy]

Does anyone know if Tam Cowan talked about the takeover on Off The Ball today?

[wellup83]

16 minutes ago, steelboy said:

Does anyone know if Tam Cowan talked about the takeover on Off The Ball today?

I think I heard him a while ago say he'd rather not go into it on radio. He'll have a few quid invested in the club so I imagine he'll keep his cards close to his chest.

[David]

43 minutes ago, Onthefringes said:

Tongue was firmly in cheek.

Even the offer of a Joe McBride with Mrs Barmack won’t see me part. It’s never been about investment for me as I’m sure it is for most.

Glad to hear! 

[dennyc]

Out of curiosity how many Ordinary Shares to Messrs Dickie and McMahon currently hold? Enough to make a difference if transferred? I understand Companies have to provide an up to date list of  Shareholders to Companies House every three years or so as a minimum. Last return I found listed for Motherwell FC was dated 2015. They also provided details in earlier years but I could find nothing after 2015? Maybe Shareholder details are reported differently nowadays?

In the 2015 return William Dickie (Father of Douglas?) was recorded as holding 10,000 Ord Shares so possibly they will still held by his family/son. If so, I think they represent around 3% of the total Shares currently on issue. So significant I suggest. And they could carry the option to purchase additional shares under the Barmack proposal.

Les H was also on the list at that time but no doubt he will not be listed on any up to date Register. Also listed in 2015 are a Douglas Dickie and a James McMahon but with only 12 and 10 shares respectively. Up to date details might be revealing.

From the names listed, I think there are a good few who contribute here and on P&B.

Anybody who wants a read type " Motherwell Football Register of Shareholders" in Google and click on the top item. Some other documents in there and on associated pages were a tad more interesting than the Euros. The early game anyway.  Page 3 for the last shareholder return I could see.  

[steelboy]

42 minutes ago, wellup83 said:

I think I heard him a while ago say he'd rather not go into it on radio. He'll have a few quid invested in the club so I imagine he'll keep his cards close to his chest.

I think it's more like he's hoping to get his coupon on a docuseries but he's not got the balls to come out against fan ownership.

[Tamwell]

22 minutes ago, steelboy said:

I think it's more like he's hoping to get his coupon on a docuseries but he's not got the balls to come out against fan ownership.

Not sure about the docuseries part, but I’d always expect our well known fans to at least give their opinion on something as serious as this, and if not, why not?

[bobbybingo]

17 minutes ago, Tamwell said:

Not sure about the docuseries part, but I’d always expect our well known fans to at least give their opinion on something as serious as this, and if not, why not?

I doubt he's allowed to give his opinion on air. 

Who are our other well known fans?

[Tamwell]

6 minutes ago, bobbybingo said:

I doubt he's allowed to give his opinion on air. 

Who are our other well known fans?

Why would he not be allowed to give his opinion on air?

[weeyin]

1 hour ago, bobbybingo said:

I doubt he's allowed to give his opinion on air. 

Who are our other well known fans?

Graeme McGarry?

 

[yosemite sam]

When we have to near enough match what wild sheep invest over the period and go from 71% ownership to 50.1%, and think thats a good idea is in my opinion not thinking straight. While we would at that point in time have a majority shareholding, it doesn't take much to turn that into 49.9%. If we are investing as much as Wild Sheep, we should be maintaining our shareholding, not reducing it.