irnbru Posted April 26, 2019 Share Posted April 26, 2019 We had a trust previously and I don’t think we had the numbers being quoted. I don’t see it now unfortunately. It's not a Supporters Trust. Link to comment Share on other sites More sharing options...
irnbru Posted April 26, 2019 Share Posted April 26, 2019 https://mortonclubtogether.com/QuestionAndAnswer.html A few questions answered there. This is just at a pledging stage to guage interest and there's clearly been engagement with the board so if it looks like it's got a lot of interest then that's when they club can start to give more concrete assurances, governance processes can be put in place, etc and the next stage can begin. Link to comment Share on other sites More sharing options...
Malt Posted April 26, 2019 Share Posted April 26, 2019 So what’s the purpose of the supporters trust? I am a bit lost. I thought they held a stake in the club? Are we saying the club is valued over 2.5million? Or around the figure the debt is sitting at? Link to comment Share on other sites More sharing options...
HousTON Posted April 26, 2019 Share Posted April 26, 2019 https://www.dailyrecord.co.uk/sport/football/football-news/morton-fans-launch-10-pledge-14626743 Link to comment Share on other sites More sharing options...
irnbru Posted April 26, 2019 Share Posted April 26, 2019 So what’s the purpose of the supporters trust? I am a bit lost. I thought they held a stake in the club? Are we saying the club is valued over 2.5million? Or around the figure the debt is sitting at? The supporters trust isn't to provide some sort of fan ownership model. It has shares after how things all started but that's not the objectives (see below). I think the Record have made a typo and its 25% with MCT as per the website so that's around 30% between that and GMST which is a significant amount. Listed key objectives: To strengthen the bonds between Greenock Morton Football Club and the local community in Inverclyde and the surrounding area and to represent the interests of the local community in the running of Greenock Morton Football Club; To benefit present and future members of the community in Inverclyde and the surrounding area by promoting, encouraging and furthering the game of football as a recreational facility, sporting activity and focus for community involvement; To provide and maintain facilities for the enjoyment of professional football; To promote coaching schemes to develop the skills of young people and to widen interest in football regardless of the gender, race, colour or religion or those involved. Link to comment Share on other sites More sharing options...
dunning1874 Posted April 26, 2019 Share Posted April 26, 2019 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. While outright fan ownership can lead to that in some cases, it’s a common misconception that that’s necessarily what it means. It doesn’t have to lead to just appointing a group of volunteer fans wth no expertise to the board and every other position in the club. A supporters group with a significant shareholding could have the right to appoint/remove people from the board, but that doesn’t have to stop them appointing people with expertise in various areas who aren’t necessarily fans of the club, with those people then making decisions. It shouldn’t give fans a veto over appointments, signings, budgets etc. That’s not to say I’m in favour of any proposal. I’m interested to see the details of this but generally increasing fan involvement comes on the back of years of work by well-established supporters groups and for various reasons the Morton support just hasn’t been that organised, and it’s a big leap to jump straight from that into raising money to take a significant stake in the club, even when that’s not close to a controlling stake. It could be the catalyst to start getting organised and move on from some of the nonsense of the last decade around the Trust, but let’s see the details before getting carried away. Brian Wake my Lord, Brian Wake Brian Wake my Lord, Brian Wake Brian Wake my Lord, Brian Wake Oh Lord, Brian Wake Link to comment Share on other sites More sharing options...
port-ton Posted April 26, 2019 Share Posted April 26, 2019 The idea of paying £10 a month as a way to help Morton isn't something I'm totally against, however maybe it's just me but I find this whole proposal thoroughly unexciting. I don't believe there is enough fans currently out there willing to pay the money needed when we can barely get 1500 to even attend games and I from reading about it, unless I've missed it there's no real long term strategy involved other than wait and see. I admire fans trying to do something different and I wish you luck, but I just don't see me getting a return on my investment, so for that reason... Good people will do good things, bad people will do bad things, but only with religion do good people do bad things! Link to comment Share on other sites More sharing options...
Malt Posted April 26, 2019 Share Posted April 26, 2019 The idea of paying £10 a month as a way to help Morton isn't something I'm totally against, however maybe it's just me but I find this whole proposal thoroughly unexciting. I don't believe there is enough fans currently out there willing to pay the money needed when we can barely get 1500 to even attend games and I from reading about it, unless I've missed it there's no real long term strategy involved other than wait and see. I admire fans trying to do something different and I wish you luck, but I just don't see me getting a return on my investment, so for that reason... I would agree with you. I hope it works out but we have all been here before and nothing happened bar a lack of communication and it disappearing into the night. The cost to buy the club is laughable and when do they hope to have a majority stake? Link to comment Share on other sites More sharing options...
port-ton Posted April 26, 2019 Share Posted April 26, 2019 Now if there was plans to build a mono-rail in Greenock with monthly payments from the community then you'd have my full attention. Good people will do good things, bad people will do bad things, but only with religion do good people do bad things! Link to comment Share on other sites More sharing options...
irnbru Posted April 26, 2019 Share Posted April 26, 2019 I would agree with you. I hope it works out but we have all been here before and nothing happened bar a lack of communication and it disappearing into the night. The cost to buy the club is laughable and when do they hope to have a majority stake? When have we been here before? It's an opportunity to have enough shareholding to hold the board to account while wiping out debt to make the whole club more appealing to other investors. Rae has said he'd wipe the debt in the event of a takeover which obviously isn't forthcoming so if this happens and the 400k is going directly into the club it's a win win. As I mentioned earlier, it's at a pledge stage and there's still work to be done but there's far more positives than negatives. Link to comment Share on other sites More sharing options...
LargsTON Posted April 26, 2019 Share Posted April 26, 2019 We need to raise £400k to buy a 15% stake and ‘hoping’ Rae will write off debt. £400k for that % is shocking. Club is no where near that value. Calm doon, Peter Jones. "CORNBEEF IS A BELLEND" Link to comment Share on other sites More sharing options...
HousTON Posted April 26, 2019 Share Posted April 26, 2019 If the initiative was to be a success and approached the club with £400k, they would have the power to demand a bigger share just like any other investor would. Crawford is clearly trying to raise the value of Morton in the public eye, but if it came down to it, there’s no way the club is worth £3million+ so I would take his percentage with a pinch of salt. Link to comment Share on other sites More sharing options...
so72 Posted April 26, 2019 Share Posted April 26, 2019 With the proposals for a Fan Ownership Scheme announced in today's Daily Record I thought it would be worthwhile to start a new thread. DR Article - https://www.dailyrecord.co.uk/sport/football/football-news/morton-fans-launch-10-pledge-14626743 Morton Club Together - https://mortonclubtogether.com/index.html Link to comment Share on other sites More sharing options...
Stevie Aitken's Love Child Posted April 26, 2019 Share Posted April 26, 2019 Anyone tried to pledge? Doesn't seem to be working. A fine start Link to comment Share on other sites More sharing options...
so72 Posted April 26, 2019 Share Posted April 26, 2019 Anyone tried to pledge? Doesn't seem to be working. A fine start I tried and it took me to my emails Link to comment Share on other sites More sharing options...
TONofmemories Posted April 26, 2019 Share Posted April 26, 2019 Not a chance we'll get 1500 punters to invest. For that reason a tiered investment option should be available for those who can and wish to invest more, plugging the shortfall in numbers that there'll inevitably be. As far as im aware this is the case. Also be looking to business folk to donate large sums too TIME FOR CHANGE! Link to comment Share on other sites More sharing options...
so72 Posted April 26, 2019 Share Posted April 26, 2019 Not a chance we'll get 1500 punters to invest. For that reason a tiered investment option should be available for those who can and wish to invest more, plugging the shortfall in numbers that there'll inevitably be. There is tiered investment available Link to comment Share on other sites More sharing options...
so72 Posted April 26, 2019 Share Posted April 26, 2019 I created a thread for this discussion since this one is for news about the squad - http://themortonforum.com/forum/index.php?showtopic=43773&view=getnewpost Link to comment Share on other sites More sharing options...
LargsTON Posted April 26, 2019 Share Posted April 26, 2019 As far as im aware this is the case. Also be looking to business folk to donate large sums too That'll teach me to read full articles first. "CORNBEEF IS A BELLEND" Link to comment Share on other sites More sharing options...
TONofmemories Posted April 26, 2019 Share Posted April 26, 2019 That'll teach me to read full articles first. Still it was better than Malts complete dismissal TIME FOR CHANGE! Link to comment Share on other sites More sharing options...
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