MCT Team

To keep everyone up to speed, this is a rough timeline of our plans for July; - MCT set up as a Company Limited by Guarantee with and Asset Lock by week 1 July (the same social enterprise/non profit structure as, say, HSL). - Finalise the Share Transfer Agreement (STA) with Golden Casket around the same time (this is subject to Golden Casket). - Finalise written Terms and Conditions and make these available to all pledgers and the public to aid the decision of converting pledges by week 3 in July (this is subject to the STA being finalised). - Payment plans set up by week 4 July. - First payment to GMFC August 1. We'd like to thank you all for posing your questions, critiques and criticisms. We are all working hard to keep MCT moving along and we aim to be more active on the Forum in the coming weeks to keep you up to date on our progress. As we've mentioned before, we are happy to speak to, answer questions from and meet with any Morton supporters. Thanks, Dean.

I'm not a “mate of Crawford Rae.” I've met with him three times on MCT business. I don't know David Hopkin either other than playing against him in the G&D league in the early 1980s. If anyone wants to meet I'm happy to do so, just contact me. I've been going to Cappielow since 1979. I missed one home game last season and perhaps six away games. I don't use social media, our marketing team run both our Facebook and Twitter feeds. Like a number of the MCT team, I'm putting up to 8 hours a day voluntary time into MCT in addition to his full time job and his other family and football coaching commitments. I currently manage all pledges and I'm very passionate about pledging and the project, simply due to my love of Morton and my fear for the future of the club. Graham.

On the “false alarm” question: The MCT idea came after the Gamble Halls when Crawford Rae announced that his family would no longer bankroll Morton and that Morton would operate on a break even budget. It also came at a time when Morton were dicing with relegation and losing money hand over fist despite his family bankrolling Morton at that time. MCT believes that without quick and significant action in terms of new monies being made available, there’s a real risk in the context that Mr Rae set out, that Morton will go backwards on and off the field from a pretty low base. We wanted to act before the possibility of real footballing and financial trouble loomed. The urgency is a matter of opinion. MCT looked at the facts and devised the project in response. The fact that the idea was pitched to the Morton Board and they were interested suggests that they see it as a potential long term solution for Morton. We still don’t see any other options, nor are we aware of any. We firmly believe this is a good idea. From Day 1, MCT has made it clear that a key part of the project is people coming forward to help and to share their own ideas and knowledge to make Morton better, more sustainable and viable. The idea, or very similar versions of it, is in place at St Mirren, Hibs, Hearts, Motherwell, Dunfermline, Clyde, Stirling Albion and several other clubs across the world. We have consulted with SMISA, HSL, Hearts FC, Scottish Football Supporters Association, expert lawyers and accountants. Input from these individuals and groups are being used to strengthen the MCT proposition. If anyone has suggestions for improvement of the project then we would urge them to contact MCT to share them. Many already have done this either by email, social media, or by coming to open events. Additional Q and A events have also been offered and if anyone wishes either one to one or group sessions, this would be welcome and please contact us and we’ll get this set up. We appreciate that any project of this nature has a chance of failure. One of our key aims on 26 April was to find out if there is an appetite for Morton supporters to engage in a step towards community ownership. There is and the MCT team is working very hard to try to make this a success. Graham.

Money will stay in Morton FC because MCT will be gifted shares in GMFC from Golden Casket in return for our financial contribution over 24 months to Morton First Team costs. MCT is not buying shares on behalf of pledgers. We are being given shares in return for a financial contribution to strengthen the Morton first team for 2 seasons. At the end of that period we will still own the shares. The whole idea is that over these 24 months the MCT contribution will ADD to the Morton first team budget. Without MCT contribution, there will be a squad. It won’t be anywhere near as good as it could be with the MCT contribution. Currently, if all pledgers choose to convert their pledge to payment, this equates to almost £7000 per calendar month. That buys a lot of Championship team. The target for first monthly payment from MCT is August 1. The transfer window closes at end August/start September. Time for the squad to be added to. David Hopkin has stated he would ideally like around 20 players in his squad. It’s a personal choice for people to decide to buy a season ticket or not, and to pledge to MCT or not. Or both. Graham.

Hi everyone. We've changed the name of the account that was previously registered to Graham for use by the MCT Team. Now that the initial 8 week pledging phase is over, we are able to devote more resources to ensuring that key Morton audiences are engaged as best as possible with MCT, including the Forum. We can't promise that every question will be responded to every day, however the team values input from Forum members. As a team we will be monitoring the Forum periodically and will respond to any queries you have. We'd also like to remind you that you can communicate with us directly on Facebook, Twitter and through e-mail. https://www.facebook.com/TonClubTogether/ https://twitter.com/TonClubTogether enquiries@mortonclubtogether.com Thanks, Dean.

Thanks everyone for your time and effort and hopefully you found this useful On bahalf of MCT the questions are very useful to me and us as gthey highlight some of gthre key areas that people wish to see addressed and I will take this to the weekly meeting of the MCT LT which is tomorrow evening Maybe this Q&A is something we could do again? As we've mentjoned in posts above, this is a work in progress and, as we move closer to the first investment deadline, we propose that things will come together in a manner that you are happy with As stated above, if anyone else is willing to make that "leap fo faith" to pledge safely and securely, in the knowledge that this can be withdrawn if you are not happy in the future, this would be fantastic! This can be done by emailing your name, pledge value and phone number to pledges@mortonclubtogether.com Thanks again and Mon eh Ton!

Noone previously involved with GMST is part of MCT We will name all LT members on the website asap We will also use the Forum, Twitter and our own websiote to keep people up to speed with all aspects of MCT including the LT membership, and the eventual Board of MCT The LT is still being developed as there are some people who will be joining who have not yet been able to fully commit. This will be included in the updates noted above Transparency and trust is absolutelhy fundamental to the aims and values of MCT and we appreciate your patience as we move to update the information on the Leadership Team as described Again, we are still recieivng offers of help from possible volunteers and evefryone is welcome to come forward to do so Everyone has something to add and we appreciate all the help that has been offered and given to date

Average pledge right now is just under £400 per pledger over the two years This means the average pledge is £16.70 per month. our largest single pledge to date is £250 per month which was made on twitter Therefore the vast majority are at the lower end, which is what we expected and we welcome this

MCT will have access to the GMFC accounts and we hope budget for the coming year and perhaps beyond if it exists. We want to ensure that the 15% shareholding for £400,000 is a fair valuation We also want to ensure that Morton has a reasonable chance at breaking even/making a profit in the near future, before MCT invests a penny This will inform the agreement we will reach with GMFC and Golden Casket before MCT recommends to pledgers that we invest, the detail of which will be part of the written Terms and Conditions one key proposition that MCT is making is that our investors can stop payment at any time and MCT will not pursue them. This brings a unique scenario where poor performance on the pitch or in the Boardroom could lead to an immediate reduction in the budget. While a season in the Championship is not decided becuaee iof one or two poor performances, this makes the Club at all levels more accountable to us supporters than it probably ever has been before

Yes, T and C will be issued containing all details you need to know before deciding whether you want to invest We are working on this and it will be finalised well before anyone, including me, is asked to pay any money! This is a bit chicken and egg The best T&C document will be possible if and when we maximise pledges withing the six week period The more money we have, the more chance we can insist, for example, that the £2,5m is written off I appreciate that this is a leap of faith 250+ people have taken this leap on the basis that we all reserve the right to withdraw our pledges at any time, and well before we pay any money We are asking people to take that leap of faith We will potentially leave pledging open after the six weeks However it is a great chance for us all to demonstrate our influence and togetherness in the absence of the full T&C being agreed, on the basis that it will be, to pledge now safely and securely well before we pay any money You can withdraw your pledge at any time and we won't be chasing people or doing a hard sell at any time MCT is about well intentioned volunteers rallying together to give the Morton support the voice that we believe we deserve.

The Morton Board makes decisions on how monies are spent, including our proposed investment We are working on a written agreement which will require to be finalised before we invest a penny This will insist that Hopkin/The Manager does receive every penny, unless the majority of our pledgers don't want this to be the case Mr Rae has already publicly stated that this will be the case and as the representative of the 90+ % shareholder, he effectively controls the GMFC Board

Yes, we've always said that this is Phase 1. MCT investors will always have a say in how we wish to move forward.

It's no secret who is involved and we've announced on twitter who the players in the MCT LT are Due to the time deadlines to maximise pledges, we've not had a chance to fully update the website with full details Please look out for this Everyone is a volunteer and this is entirely down to time contraints and a tight dealine for raising the pledges Any new volunteers please contact me via the MCT email As stated, the MCT Board, when constituted will be legally responsible for MCT and this requires registration and various other legalities which will be met

Our target remains £400,000. I still believe we will hit it. Then again I also believe Morton will win a major trophy in my lifetime! If we reach the target it makes MCT and all of us so much more influential. We want the £2.5m written off. We want Morton to gain promotion. We want MCT to be repserented on the GMFC Board If we don't hit the target, we will cut our cloth to suit. First step will be to ask pledgers what they want to do. Currently we've just had our 250th pledger and we are a whisker off £100,000. To put this in perspective, The Killie Trust raised a total of £100,000 and it took them a lot longer than 3 weeks! we've already shown that we can beat Kilmarmock....the way we used to do every time we played them! To answer the question, our intention is that we will cut our cloth to suit. If pledging stopped now, £50,000 a year for the next two seasons would top up the wages of a few players or be enough to bring in a top one for the side. Please keep pledging!

Guys - I'm not normally this slow. My typing and the IT is slowing me down! Other investors we'll ask about prior to making any investment. We believe that as the poposed second largest shareholder in GMFC, we believe where legally possible, we ought to know who actual or possible investors could be We believe as stated on our porposition that there should be at least a 15% community ownership in GMFC moving forward no matter who else wishes to invest in the future Yes, our structural planning for MCT includes a brief to set out how we will ensure a robust democracy for MCT pledger/investors. We will share this with pledgers when it is ready. I can't emphasise enoughhow important this is for me personally. I have said we will have a robus democracy and we will. important MCT and GMFC decsions will be voted on by our investors

Allan McGraw and George Anderson are member of the MCT Leadership Team. They are actively informing the MCT LT and the project in general. We'd expect them to continue to be involved after the initial investment, as their knowledge is important as we wish to challenge the GMFC Board and add value to the outcomes they deliver. Everyone adds their own piece of specialist knowledge and the idea of the LT is to take these pieces of knowledge and put them together into a winning project. Everyone who supports MCT is very welcome, whether they wish to volunteer their services or not

Primary objective is to invest in the GMFC first team in the next two seasons We've got a legal and charity expert working on the share structure. Having met with Hibs and St Mirren supporters groups every club appears to have done this differently. Whatever is recommended as the best solution will be run past pledgers and we will go ahead with the consensus. MCT itself will be a legally constituted social enterprise/non profit. Again the same expert is recommending the best structure to deliver what MCT is trying to deliver. The Board of MCT will be legally responsible. The Board will be constituted from the Leadership Team (LT) currently made up of around 20 volunteers. Whether the Board is appointed through formal election depends on the legal structure. Money back is an important issue and being covered by the legal expert, as this is part of their brief. What I can say is that I will insist that anyone paying a 24 month Direct Debit will be able to stop this. MCT will not chase people for money they don't want to pay. MCT is not the GMST. MCT has been/is being set up to deliver this current project. Timescales for the above is tight in order to enable first payments to GMFC in July 2019. We are working very hard to deliver this.

Hello everyone and thanks for the questions There are a few questions as you can see and we'll work through them as fast as we can, starting with the earliest first (starting last night) Seems the fairest way We'll aim for the hour and hope to complete for now Anyone can tweet questions, and email us at pledges@mortonclubtogether.com Cheers