Well Society Consultion: Active Investment

[Kmcalpin]

Hopefully by now, members will have received the consultation email. To understand the background to this initiative and submit your response, its best to view the full podcast beforehand.

[grizzlyg]

12 hours ago, Kmcalpin said:

Hopefully by now, members will have received the consultation email. To understand the background to this initiative and submit your response, its best to view the full podcast beforehand.

Got it and will view podcast in due course.  Maybe looking for extra investment to cover all the fines we are going to get hammered with 🤪🤪

[joewarkfanclub]

Ive watched the podcast and read the document and I am certainly intrigued by the proposals.

It would make sense that once the security reserve figure has been reached that we should be looking at other ways to use Society Funds. No point building a huge pot of money if its never going to be put to good use.

Im unsure whether taking this step now, before we have met the reserve figure is the correct thing to do, but I think I could be persuaded.

Making our money work for the benefit of the club certainly makes sense. A little investment here and there could generate further revenue for the club and that would be welcome.

What I wouldnt be in favour of however, is the Society money going straight into the running costs of the club and being absorbed.

Having seperation between the Well Society and the Club was done for a reason, and should be kept that way.

The club should still be required to balance its books and the operational shortfall must be closed if we are going to be run sustainably. That figure cant include Well Society cash.

Also, Id be wanting something in return for any money the Society puts into the club. Previous loans were attached to security on the stadium. So we are in a situation where no one can sell Fir Park from underneath us. That is a good thing.

Ive seen it discussed elsewhere that future loans might be leveraged against increased shareholding for the Society, and something like that would be appealing.

Hopefully all these discussions can take place during the consultation period, and I have put them forward in my response to the active investment document.

It feels like the club and the Society are both in good health at present. The ideas being put forward appear positive and as long as we get the small print correct, I think we can move forward in good faith.