New Owner

[Melbourne Saint]

2 hours ago, saintgscot said:

I know people have been shouting about moving to new stadium and cashing in on value of land. One I hope that’s a reason Geoff still holds 25%. Second as morbid as it is we make more money from funerals than we do old firm so if we need new stadium it has to be in same site for income.

We also have the Jehovah's. Hallelujah!

[PSJ.84]

4 hours ago, saintgscot said:

Geoff still holds 25%.

I don’t think he does. He only ever owned about 75% of the shares, and that’s what Webb’s bought. 

[RandomGuy]

Yeah last I saw the other 25% of shares are spread across about 40-50 other people, with them having varying degrees of size.

[Dooj]

20 hours ago, Ritspeed said:

 

The fact Mr West is a lawyer, rather than a business tycoon might also suggest he is not coming in to simply asset strip the club. 

 

I wouldn't take much solace from this - lawyers operating at his level are more than aware of business opportunities, investments, etc and entirely capable of adopting a range of business models from asset stripping/closing to long term sustainability. Over the next few months there will lots of 'saying the right things' in public but until he has his feet under the table (or has recruited someone to run the club for him) we won't know what we are getting. I am happy to be optimistic about the sale until shown otherwise but proper judgement will have to wait until we see him in action.

[blueheaven]

1 hour ago, RandomGuy said:

Yeah last I saw the other 25% of shares are spread across about 40-50 other people, with them having varying degrees of size.

I vaguely remember reading somewhere a while back that the McDiarmid family (or whoever inherited Bruce McDiarmid's shares) was the second-biggest shareholder after Brown, but maybe someone on here knows better.

There was a share issue in the 80s and there are a few fans who own a small number of shares as a result of that.

I'm assuming Steve Brown himself was never a share holder so that'll be the Brown family fully out.

 

[GMac]

Will the managers/coaches contacts be valid under the new owner, or can he punt them pronto without any compo

[GMac]

Just now, GMac said:

Will the managers/coaches contacts be valid under the new owner, or can he punt them pronto without any compo

contracts

[RandomGuy]

3 hours ago, blueheaven said:

I vaguely remember reading somewhere a while back that the McDiarmid family (or whoever inherited Bruce McDiarmid's shares) was the second-biggest shareholder after Brown, but maybe someone on here knows better.

There was a share issue in the 80s and there are a few fans who own a small number of shares as a result of that.

I'm assuming Steve Brown himself was never a share holder so that'll be the Brown family fully out.

 

It's from 2014, and a Bob Reid (who's mentioned as a landowner near McDiarmid Park) seems to have the 2nd highest amount of shares. Steve Brown has a minimal amount.

Can't see any newer records.

This link

https://find-and-update.company-information.service.gov.uk/company/SC007629/filing-history?page=2

Then go to file on 25th September 2014 and the last few pages have a breakdown of shareholders.

[Willie Peat]

2 hours ago, RandomGuy said:

It's from 2014, and a Bob Reid (who's mentioned as a landowner near McDiarmid Park) seems to have the 2nd highest amount of shares. Steve Brown has a minimal amount.

Can't see any newer records.

This link

https://find-and-update.company-information.service.gov.uk/company/SC007629/filing-history?page=2

Then go to file on 25th September 2014 and the last few pages have a breakdown of shareholders.

Bob Reid is Bruce McDiarmid's nephew

[Melbourne Saint]

When they offered fans limited shares, of course we jumped on board... My brother and I paid (I think) about a £150 quid each. I'm awaiting a massive pay out 😀 not that will happen. And I wouldn't sell my tiny share. It's really interesting what will happen... Sadly my brother was hijacked by a Coagie family friend and he bought him shares in Dundee as a joke. It's a disaster there. 

One thing I'm very happy about is GB stuck with us when we were bottom of the 3rd division... Then we won 3 cups... He is legend.

[RandomGuy]

https://www.removepaywall.com/article/current

Worth a further read on Webb, with quotes from a journalist from Cambridge.

[MySpazz]

On 5/2/2024 at 10:37 PM, Melbourne Saint said:

Are you stalking him? What car(s) does he drive?!!!

That's from his website - sort of information they want people to read. You read it here, are you now a stalker?

[MySpazz]

On 5/2/2024 at 6:47 AM, RandomGuy said:

Cambridge United do seem to be doing well, historically.

This seems to be their longest ever spell of 3rd tier football and they've never been higher.

Fair enough, League one is not tin pot, there next level up is a wealthy league ... but think Cambridge finished fairly low down in EFL L1

[supersaint44]

As exciting as this news is, I do feel we have to brace for a few seasons of poor / inconsistent running while things are in motion.

 

Infrastructure changes take time and if that is where we are going to get investment we have to let club adapt. It’ll take years to get things like recruitment set up, training facilities, commercial plan in place. 

[Cagey]

On 5/9/2024 at 3:18 PM, supersaint44 said:

As exciting as this news is, I do feel we have to brace for a few seasons of poor / inconsistent running while things are in motion.

 

Infrastructure changes take time and if that is where we are going to get investment we have to let club adapt. It’ll take years to get things like recruitment set up, training facilities, commercial plan in place. 

Is there a problem with training facilities. I think we probably have some of the best training facilities in Scotland.

[slf]

Buck a roo

[Kat71]

Do you think Geoff will get the same price for the club regardless of what league we end up in?

[GMac]

3 hours ago, Kat71 said:

Do you think Geoff will get the same price for the club regardless of what league we end up in?

Absolutely not

[slf]

On 5/3/2024 at 1:23 AM, Melbourne Saint said:

We also have the Jehovah's. Hallelujah!

No we dont

[blueheaven]

15 hours ago, Kat71 said:

Do you think Geoff will get the same price for the club regardless of what league we end up in?

From what I've heard (and no guarantee it's accurate), there's a significant difference in the final sum, depending on whether we stay up or go down. The problem with that is, if it means it'll save Webb a lot of money, does it mean there's actually an incentive for him to see us get relegated? If he has a say in the sacking of Levein, why would he sanction the spending of money in order to achieve something that would cost him more money?

On the other hand, if we go down and Webb's spent less on buying the club, might that mean he'll feel more inclined to spend more on improving the club once it's in his hands? Is it better for us in the long term that he gets the cheaper deal?

 

[Strawman]

I m thinking Geoff Brown is donating the money from the sale of the club to the Community part of the club, is that still the case or am I incorrect ?

If he is donating it, I guess if the price goes down it doesnt matter that much to him either as its just less to donate ?

I m not sure what the community part of the club is going to do with all the money ? We could end up in a situation where the charity part is far richer than the club part ( not sure thats an issue ).

I dont think it will be to do with money why Levein is still in his job, while I dont agree, I think our board still think hes best person for job and thats why hes still in place. 

[PSJ.84]

35 minutes ago, Strawman said:

I m thinking Geoff Brown is donating the money from the sale of the club to the Community part of the club, is that still the case or am I incorrect ?

Net proceeds from the sale going to the Community Trust

[blueheaven]

At the time it was announced the club was up for sale, it was said that the funds would be put towards "building a community hub" for the Trust. I'm not sure what that means in practice. Does it mean an actual physical building, or is it more just about growing the charity?

[RandomGuy]

24 minutes ago, blueheaven said:

At the time it was announced the club was up for sale, it was said that the funds would be put towards "building a community hub" for the Trust. I'm not sure what that means in practice. Does it mean an actual physical building, or is it more just about growing the charity?

A physical building, I believe. They have a "plan" you download on the Saints in the Community website, and it outlines they want to build a physical building as their base, which they'll then use for activities and classrooms etc.

[Kat71]

The key wording is ‘net proceeds’ !