New Investment Options

[bobbybingo]

"The design of our offer was always to give fans 50%+.  Because there were discussions with lots of parties, and the actual governance of the Club isn't the easiest to understand, we landed where we did -- but if the main concern was keeping TWS, specifically, at 50%+, I'm sure smart people (not me) could sit in a room and solve it.  Intention matters here."

You'd think smart people would have realised how big a concern this was always going to be and solved it before putting the proposal forward.

[joewarkfanclub]

Food for thought.....

In what other world does the owner of a business have so little input in the decision making of that business?

Maybe now that the power struggle is over the owners of the football club could now have more say in the running of it?

[Mootherwell86]

2 minutes ago, David said:

The Well Society can create a plan that improves the workings of the Society itself, but even if it came up with the best plan to draw investment that the footballing world has ever seen, they're not ideally placed to enact that.

It all comes down to the actual board of the club, and the CEO. Those individuals are being paid (or should be getting paid) to do that job. Not the people who give up their free time to help run the Well Society.

As an aside, if I was on the board of the Well Society and we came up with the plan for investment and for taking the club forward, I'd be looking to be more involved in the implementation of that plan and the running of the club.

It's easy to forget sometimes, but the club board is answerable to the Society. Not the other way around.

If more competence had been shown in the last 3 years by the Executive Board then I doubt this conversation would even been happening... Managerial sackings, making an absolute riot of the Hunter Stand refurb and some other very poor decision making at boardroom level has seen us regress on and off the pitch. 

We are in a position this summer where we can realistically earn somewhere between £3-4 million in transfer fees. That may well be transformational sum in our case. This should be spent overhauling our player trading model and further ensuring our academy pathway for years to come.  I would start by appointing an experienced football person (probably as DoF) to oversee the entire football operation at the club. This would be a viable way to increase revenue without potentially jeopardising ourselves.

Absolutely agree on your last line... it is time that the tail stopped wagging the dog. The Well Society board need to ensure that the Exec board is being held accountable.

 

[wunderwell]

1 minute ago, joewarkfanclub said:

Food for thought.....

In what other world does the owner of a business have so little input in the decision making of that business?

Maybe now that the power struggle is over the owners of the football club could now have more say in the running of it?

 

Exactly - could start with the majority shareholders appointing the board and demanding they have the most seats on the board to cover the fans wishes.

Those who wish to stop being volunteers and be paid for those duties can step up to the board. Then as is pointed out those mentioned can make a difference being on the board.  Directors are paid to take the company forward and make decisions. Majority shareholders are not.

It would be a good place for the Well Society to start.

[Big Wispy Flossy]

What would happen in the event of (and this could now conceivably happen) the investment was rejected by well society and the current exec board resign?

where does that leave us?

this is not a dig at those who would reject investment , as I would vote for this too given the detail presented.

the could get very messy very quickly 

[dennyc]

2 minutes ago, joewarkfanclub said:

Food for thought.....

In what other world does the owner of a business have so little input in the decision making of that business?

Maybe now that the power struggle is over the owners of the football club could now have more say in the running of it?

And certainly, as owners, direct the Club Board rather than be dictated to by that Board. Perhaps some good can come out of this whole affair at the end of the day.

[David]

5 minutes ago, Big Wispy Flossy said:

What would happen in the event of (and this could now conceivably happen) the investment was rejected by well society and the current exec board resign?

where does that leave us?

this is not a dig at those who would reject investment , as I would vote for this too given the detail presented.

the could get very messy very quickly 

Who is actually on the board now? Just McMahon, Dickie and Feely?

EDIT: Lindsay and Caldwell were recently added I see. I'm guessing that they also agreed that Barmack's proposal was worth backing.

[wunderwell]

2 minutes ago, dennyc said:

And certainly, as owners, direct the Club Board rather than be dictated to by that Board. Perhaps some good can come out of this whole affair at the end of the day.

Absolutely I think a good consensus now realising through this what we want the WS to do for us.

[Big Wispy Flossy]

1 minute ago, David said:

Who is actually on the board now? Just McMahon, Dickie and Feely?

I’m sure it’s they three plus a new finance director. I will endeavour to find out 

[StAndrew7]

Just now, Big Wispy Flossy said:

I’m sure it’s they three plus a new finance director. I will endeavour to find out 

Aye, David Lindsay was appointed, Caldwell joined as well but I don't know if he has a vote or not?

[wellfan]

Having just caught up after a long day at work, how do we get StAndrew7 and Steelboy onto the Well Society Board? 

[Kmcalpin]

1 hour ago, wellgirl said:

The article on the BBC website looks very much as if it's been lifted directly from communication from the well society. 

It's not unreasonable to assume that an alternative plan to "outside" investment is "internal" investment- no? The source of any confusion. As I understand it  from comments by Derek Weir and Jim McMahon the aim of the former is to keep the club competitive at its currently broad level. The aim of the latter is somewhat narrower by aiming to build up a rainy day fund. Therefore  the two are not mutually exclusive in theory. Some clarity for the benefit of members to correct any misunderstandings and temper expectations would be useful at this stage.

[weeyin]

5 minutes ago, wellfan said:

Having just caught up after a long day at work, how do we get StAndrew7 and Steelboy onto the Well Society Board? 

I don't know about them specifically, but I didn't vote for any of the 3 resignees. I voted for the new faces I thought would freshen things up and bring in some new ideas. 

[Faddyisgod]

Why is Dickie still on the board if he was appointed there based on being elected on as TWS rep? Surely if he resigns from TWS then he loses the exec board seat?

[StAndrew7]

10 minutes ago, wellfan said:

Having just caught up after a long day at work, how do we get StAndrew7 and Steelboy onto the Well Society Board? 

I've only just joined the WS today, so maybe give me time. 😄

Although thank you very much for the show of confidence!

[StAndrew7]

10 minutes ago, Kmcalpin said:

It's not unreasonable to assume that an alternative plan to "outside" investment is "internal" investment- no? The source of any confusion. As I understand it  from comments by Derek Weir and Jim McMahon the aim of the former is to keep the club competitive at its currently broad level. The aim of the latter is somewhat narrower by aiming to build up a rainy day fund. Therefore  the two are not mutually exclusive in theory. Some clarity for the benefit of members to correct any misunderstandings and temper expectations would be useful at this stage.

That's how they painted it at the AGM, yes. But that's also seemingly how McMahon in particular wants it to remain.

I don't expect it to be how the Society's proposed new strategy/plan will paint it.

[wellfan]

12 minutes ago, StAndrew7 said:

I've only just joined the WS today, so maybe give me time. 😄

Although thank you very much for the show of confidence!

As a longtime WS member, you’d have my vote and I’m sure that of many others after your recent articulate analysis of the situation. The surviving WS board are watching. Reach out to them. 

[StAndrew7]

2 minutes ago, wellfan said:

As a longtime WS member, you’d have my vote and I’m sure that of many others after your recent articulate analysis of the situation. The surviving WS board are watching. Reach out to them. 

Again, chapeau etc. for the compliments and I'm happy to help where I can, but Board membership isn't quite for me yet.

First baby is due in August and not sure the good lady her indoors would be too pleased with me. 😅

[wellfan]

1 minute ago, StAndrew7 said:

Again, chapeau etc. for the compliments and I'm happy to help where I can, but Board membership isn't quite for me yet.

First baby is due in August and not sure the good lady her indoors would be too pleased with me. 😅

My first is due in August as well. Co-candidacy? 

[StAndrew7]

Just now, wellfan said:

My first is due in August as well. Co-candidacy? 

I'll need to fight to make sure the first football related clothing item is Motherwell related rather than Manchester United, so let me sort that one first. 😅

[joewarkfanclub]

32 minutes ago, StAndrew7 said:

I've only just joined the WS today, so maybe give me time. 😄

Although thank you very much for the show of confidence!

Id vote for you.

Your views on the WS and its involvement in the club mirror those of of my own.

[wellfan]

32 minutes ago, StAndrew7 said:

I'll need to fight to make sure the first football related clothing item is Motherwell related rather than Manchester United, so let me sort that one first. 😅

Good luck!

[StAndrew7]

Interesting that Barmack is saying on P&B that he didn't always receive the feedback of the WS Board from (I assume) the Executive Board/outgoing chairman... I wonder why?

[Fergie79]

A positive I have seen today is that Barmack is definitely not hung up on the shareholding %'s....he seems up for reshaping the deal so WS remains at minimum 51% ..... That seems to be a big box ticker......

Another positive is that the WS board are spending time to put together a proposal and plan to increase funds coming into the WS and in turn benefit the club.....

Surely the third positive would be that we find a way both proposals/parties work together as both proposals are working on bringing additional funds into the club with the aim of ensuring we remain competitive so surely both can co-exist and doesn't need to be one or the other? That for me would be the big win and best way forward

[wellfan]

11 minutes ago, StAndrew7 said:

Interesting that Barmack is saying on P&B that he didn't always receive the feedback of the WS Board from (I assume) the Executive Board/outgoing chairman... I wonder why?

As I wrote yesterday, it appears that McMahon et al gaslit the Barmack’s into believing their offer was acceptable, which has led them to waste their time. Erik’s now realising that, as his commendable yet futile dialogue on P&B demonstrates.