Waverley Posted July 11, 2020 Share Posted July 11, 2020 (edited) With the potential for the club and Cappielow to be split into two separate entities, what is going to happen to the shares that many of us have in GMFC? Edited July 11, 2020 by Waverley spelling Link to comment Share on other sites More sharing options...
Cappiecat 1.2 Posted July 12, 2020 Share Posted July 12, 2020 2 hours ago, Waverley said: With the potential for the club and Cappielow to be split into two separate entities, what is going to happen to the shares that many of us have in GMFC? Your shares are in GMFC Ltd and will be unchanged. Cappielow is owned by GMFC (Property) Ltd. Link to comment Share on other sites More sharing options...
vikingTON Posted July 12, 2020 Share Posted July 12, 2020 13 hours ago, TheGoon said: This upcoming season will certainly be one where we’re just looking to stay in the division. The budget means under normal circumstances we probably wouldn’t be far off anyway. It’ll naturally take a while for MCT to get settled next year, but we can’t really afford to write that season off as well (serious apathy is likely to set in - even early on) Any division that includes Alloa, Arbroath, Ayr, Queen of the South and Raith isn't one in which mere survival is a credible target. We should be aiming to do slightly better than last season as well as in 2018/19 given how weak the rest of the division will be with the possible exception of Hearts. I'm not suggesting that this will be an easy task given the transition that will also be underway but we have a chief executive and manager who have experience of working at this level and now a year's understanding of this club as well: this is the point when you expect to see the benefits of that knowledge paying out. Speaking of paying out, it looks like the job retention bonus announced by the government last week could land the club a windfall of £10k or more (£1k per employee) as well, based on how many players re-sign and paid backroom staff were furloughed and return. The site is supposed to be a place for the extended 'family' of Morton supporters - having an affinity with people that you don't know, because you share a love of your local football club. It's not supposed to be about point scoring and showing how 'clever' or 'funny' you are, or just being downright rude and offensive to people you don't know, because you can get away with it. Unfortunately, it seems the classic case of people who have little standing/presence in real life, use this forum as a way of making themselves feel as if they are something. It's sad, and I've said that before.. So, having been on Morton forums for about 15 years I guess, I've had enough... well done t*ssers, another Morton supporter driven away. You can all feel happy at how 'clever' you are Link to comment Share on other sites More sharing options...
StuartTon Posted July 12, 2020 Share Posted July 12, 2020 I see that MCT have had an increase of 128 new members since the announcement - that’s pretty good going in less than a week! 30% increase in 5 days is pretty impressive. Given that a lot of existing members have also increased their contributions in that time, I’d be keen to know what the total monthly contribution value is now. Link to comment Share on other sites More sharing options...
Scapaflow Posted July 12, 2020 Share Posted July 12, 2020 Just signed up, change is requires as we were stagnant in recent years. The Rae's have done a good job since Scott era but time to move forward and great to see so many fans following suit 2 forever optimistic Link to comment Share on other sites More sharing options...
Popular Post vikingTON Posted July 12, 2020 Popular Post Share Posted July 12, 2020 (edited) On 7/11/2020 at 5:44 PM, Tubes said: Secondly, “we would like to see the academy continue to thrive, but again this will depend on the post Covid financial position”. Does that sound a bit ominous? Is there an option of not having the academy going forward when it seems to be actually giving us some decent players? I thought this would have been really important going forward with a sustainable/break even budget? Not answering this on MCT's behalf at all but that depends on conducting a sober cost-benefit analysis of running an academy system for the first time in its existence. In the heady blue skies and helicopter thinking days of the Geordie and his Trust mates, we were of course told that the club would be paying nothing at all to build and maintain the setup and this was of course utter bollocks. Our setup subsequently failed to get into the credible bracket of academies that are massively subsidised under the hugely flawed Project Brave scheme to the detriment of any independent competitor. When even the likes of Hibs are rumoured to be putting their youth setup at least on hiatus for the coming season, it's worth questioning whether it's both i) sustainable and ii) rational to keep our own system going when there won't be a pound going spare on other priorities any time soon. The youth players that break through to the first team still in time require professional wages like any other first team signing would: unless there's a queue of suitors waiting to snap them up for a transfer fee then it acheives little tangible value in itself. The MCT statement has indicated that it values the 'they'll support one of their own' argument, which won't be applicable if 'our own' are getting shoed by fucking Montrose on a regular basis. That said, there should be at least equal concern raised about the largely lazy, rent a jobber merry-go-round system that clubs of our size have been using for years. That lower-Championship standard players like Darren Jamieson (Arbroath GK), Paul Paton, Darian McKinnon etc. are instead dropping all the way down to stupid wee outfits in the fifth to seventh tiers in their droves this summer signals a major shift in preferences towards overall financial security versus playing at the appropriate level among professional footballers. As we've also seen ourselves with McHugh's utterly pathetic choice of fourth tier football with King Snake. The bottom of the established full-time footballer market in Scotland is collapsing, which was probably inevitable but has been accelerated by the impact of the pandemic. If/when MCT acquire the reins, identifying a new transfer strategy based on hard-headed reason rather than blind attachment to either of the above models has to be the top priority. Edited July 12, 2020 by vikingTON 6 The site is supposed to be a place for the extended 'family' of Morton supporters - having an affinity with people that you don't know, because you share a love of your local football club. It's not supposed to be about point scoring and showing how 'clever' or 'funny' you are, or just being downright rude and offensive to people you don't know, because you can get away with it. Unfortunately, it seems the classic case of people who have little standing/presence in real life, use this forum as a way of making themselves feel as if they are something. It's sad, and I've said that before.. So, having been on Morton forums for about 15 years I guess, I've had enough... well done t*ssers, another Morton supporter driven away. You can all feel happy at how 'clever' you are Link to comment Share on other sites More sharing options...
StuartTon Posted July 13, 2020 Share Posted July 13, 2020 An extra £20k per year from the new members over the last week alone - decent sum. Link to comment Share on other sites More sharing options...
GiGi Posted July 14, 2020 Share Posted July 14, 2020 10 hours ago, StuartTon said: An extra £20k per year from the new members over the last week alone - decent sum. That's an extra signing at this level. Peter Weatherson is the greatest player since Ritchie, and should be assigned 'chairman for life' Link to comment Share on other sites More sharing options...
The Bewilderedbeast Posted July 14, 2020 Share Posted July 14, 2020 585 members now hope it keeps growing. Link to comment Share on other sites More sharing options...
TheGoon Posted July 14, 2020 Share Posted July 14, 2020 If we could get to and maintain over a 1000 for launch that’d be a great position to start off with. Hopefully a realistic possibility. Link to comment Share on other sites More sharing options...
StuartTon Posted July 14, 2020 Share Posted July 14, 2020 Even around the 800 mark would be a great start. If memory serves, the 440 members we had were contributing around £9k p.c.m to the club. If we get to 800, we would then be talking £17-18k per month; around £200k per year. If you then assume we will have around 5 “patrons” paying £25k each per season, that’s another £125k per season, taking the total to £325k per year. Given MCT feel they can also identify efficiencies in the running of the club, and that we currently lose around £200k per year, you would assume that should mean we would then “lose” maybe £100k per season based on our current income, but with an extra £325k coming in on top of that, we should surely be looking at breaking even at the very least. Link to comment Share on other sites More sharing options...
Woody66 Posted July 14, 2020 Share Posted July 14, 2020 The initial period for MCT members to contribute was two years, ending after this new season. Can we assume a new target will be put to the members? Link to comment Share on other sites More sharing options...
BishopBrennan Posted July 14, 2020 Share Posted July 14, 2020 2 minutes ago, Woody66 said: The initial period for MCT members to contribute was two years, ending after this new season. Can we assume a new target will be put to the members? Surely the new targets will be a profitable and successful club. You address me by my proper title, you little bollocks! Link to comment Share on other sites More sharing options...
StuartTon Posted July 14, 2020 Share Posted July 14, 2020 19 minutes ago, Woody66 said: The initial period for MCT members to contribute was two years, ending after this new season. Can we assume a new target will be put to the members? What an odd statement; surely it will now be on an ongoing basis given they will own the club..? Link to comment Share on other sites More sharing options...
hayfever Posted July 14, 2020 Share Posted July 14, 2020 What would help is the ability to amend your existing donation rather than having to set up a whole new one that's deducted at a different time of the month. Also, allowing international donations (or Paypal or similar) to take advantage of the many ex-pats who I'm sure would be keen to contribute. 1 What Carew can do with a ball, I can do with an orange Link to comment Share on other sites More sharing options...
Ton4life Posted July 15, 2020 Share Posted July 15, 2020 (edited) On 7/12/2020 at 3:14 PM, StuartTon said: I see that MCT have had an increase of 128 new members since the announcement - that’s pretty good going in less than a week! 30% increase in 5 days is pretty impressive. Given that a lot of existing members have also increased their contributions in that time, I’d be keen to know what the total monthly contribution value is now. MCT web site gives you the current committed value of realised pledges Edited July 15, 2020 by Ton4life Link to comment Share on other sites More sharing options...
hayfever Posted July 15, 2020 Share Posted July 15, 2020 3 hours ago, Ton4life said: MCT web site gives you the current committed value of realised pledges It's just occurred to me that I'm probably counted as two members, seeing as I have two separate pledges, so I suppose it's amount pledged rather than number of 'members' signed up that actually counts. What Carew can do with a ball, I can do with an orange Link to comment Share on other sites More sharing options...
EdinTon Posted July 15, 2020 Share Posted July 15, 2020 3 hours ago, hayfever said: It's just occurred to me that I'm probably counted as two members, seeing as I have two separate pledges, so I suppose it's amount pledged rather than number of 'members' signed up that actually counts. I upped my pledge and wondered the same thing. Was assured by the MCT team that it only counted once and that my new pledged amount is added to my previous one. Link to comment Share on other sites More sharing options...
Woody66 Posted July 15, 2020 Share Posted July 15, 2020 10 hours ago, StuartTon said: What an odd statement; surely it will now be on an ongoing basis given they will own the club..? It's not odd at all. Pledges are for 24 monthly payments of £X. Then what? Link to comment Share on other sites More sharing options...
Woody66 Posted July 15, 2020 Share Posted July 15, 2020 11 hours ago, BishopLenBrennan said: Surely the new targets will be a profitable and successful club. Hopefully. My point is, will MCT seek to continue asking members for a regular payment after their pledge period has finished? Link to comment Share on other sites More sharing options...
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