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Fan Ownership - Morton Club Together


TheGoon

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[Premonition]

 

I'm either going to waste ten bob on that piece of shite rag only to see some quote from Stuart Duncan on some pie-in-the-sky Fan Ownership thing that won't come to fruition, or someone with post it here and save me 50p.

 

[/premonition]

*insert signature here*

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Don’t want to shoot anything down before details are even out, but I really struggle to see how it’d work. Some sort of membership scheme could be fine but I’d really question wether we have the numbers/right people to make outright fan ownership successful. Shall see what’s suggested I suppose, would welcome literally anything different to the sustainability model.

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All Greenock morton fans - might be worth reading the daily record sports pages tomorrow (26th). Not that I like the publication, but I do like the cut of the man's jib who advised me of said piece.

 

That's the tweet, one reply says it's an announcement about fan ownership.

 

https://twitter.com/GMFCfantasy/status/1121516240634302464?s=19

His replies are a bit cryptic -

 

'That's for you folks to take forward, if you want it, and only if you have a viable outcome.' (In reply to 'Fan Ownership Apparently')

 

AND

 

'No beans to spill lass, I'm just happy that there are those among us who will take up the helm. We sorted Hugh Scott. Now there is a different challenge. We're old school, you take it forward with our blessing.' (In reply to 'Spill the beans Andy')

 

Guess will just need to wait a few hours till somebody takes one for the forum, spends their 10-bob and uploads it.

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God help us is am I can say.

 

Can you imagine a board meeting if some of the residents on here are appointed to said board.

 

I don’t see fans stumping up the cash as, untypical

Morton style, we implemented a trust many years ago and made a mess of it and communicated very little.

 

Good idea in theory but you would really need someone to stump up the cash in a st Mirren esc way and I just don’t see it.

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Fan ownership is fine if we see our ceiling in upper League One, that's really as far as you're going to get.

It's to get a certain number of shares and told hold the board accountable and make things more transparent through that.

 

The whole things isn't exclusively aimed at Morton fans so an additional benefit may be that if there's a big uptake then it might encourage additional investment either into the scheme or for the remaining shares.

 

There's been lots of moans about how things have been run and no one has stepped forward to work on alternative ownership so it will be interesting to see if people will put their money where their mouth is now there's an opportunity.

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It's to get a certain number of shares and told hold the board accountable and make things more transparent through that.

 

The whole things isn't exclusively aimed at Morton fans so an additional benefit may be that if there's a big uptake then it might encourage additional investment either into the scheme or for the remaining shares.

 

There's been lots of moans about how things have been run and no one has stepped forward to work on alternative ownership so it will be interesting to see if people will put their money where their mouth is now there's an opportunity.

We had a trust previously and I don’t think we had the numbers being quoted. I don’t see it now unfortunately.

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400k for 15% though. There is no way the club is worth the valuation being quoted.

 

The article also mentions ‘hoping’ that Crawford doesn’t want his debt paid.

 

I’m sure the Rae family only paid £250k for Morton at the time.

 

The article also states there is the possibility of the club not existing so we need 1500 folk paying 10 a month, or £240, so that two years time Crawford can be given £400k to become second largest shareholder. So, there is no real power with that, Crawford has the club for a minimum

Two years despite not wanting it and what happens to the shares the initial trust had acquired, will they merge with this one?

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