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I have not read all of the questions but I would

Like to know how much would need to be invested in order to have a majority stake in Greenock Morton.

 

How do they plan to keep fans enthused and motivated if it goes tits up on the park?

 

Have they considered that they may get 15% but there could be a share issue which could dilute their holding?

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Will they look to acquire the shares GMST own as we have three trusts on the go which can be confusing so can they replace the GMST and act as sole trust?

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What is the current breakdown of pledges, i.e. how much comes from "small-dollar" donors and how much, if any, is from a major donor?


Now before Gavin goes, I'd like to ask him one more question.


Do you like Abba?

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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

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Apologies for the delay, we've had a few technical issues. Graham is currently typing responses to the questions in chronological order, and will be typing responses shortly. We will extend the event until around 9.30pm to ensure Graham answers as many questions as possible.


TheMortonForum@gmail.com

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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.

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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

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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

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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

 

What value exactly does Allan McGraw add?

  • Upvote 1

AWMSC

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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!

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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

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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

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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.

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Can you confirm that you start paying the money raised to Morton straight away going by your earlier point?

 

I was under the impression you don't hand it over until 2 years time.

 

If the investment is immediate and regular, thats a huge incentive to help out now!


All in with a Doyle Brunson

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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

Rather than inviting us to trawl through Twitter, could you just tell us who’s involved?

 

Rhyming off a couple of ex-players from a bygone era who have given you their backing doesn’t sit to easily for those of us looking for a bit of transparency.

 

What about those not involved in the Leadership Team? Are there some who are taking a back seat?

 

I genuinely wish any project that’s of benefit to Morton all the best, but remain far from convinced at the moment about this one. Are there any of those previously involved with the GMST involved? Any potentially divisive local councillors with tendencies to lean towards, Celtic?

 

In spite of your protestations, I’m really not sure we’re being told everything about everyone involved.

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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

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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

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Rather than inviting us to trawl through Twitter, could you just tell us who’s involved?

 

I'd like a clear answer to this too as I'm never on Twitter.


"CORNBEEF IS A BELLEND"

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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

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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!

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Whats to stop a share issue diluting the MCT shareholding once your reach your target.

Disappointed not to get an answer on this

  • Upvote 2

"Boy, I got vision, and the rest of the world wears bifocals."

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