Here is another one.
The St Mirren independent Supporters Association (SMiSA) gain 51% ownership on 27th July 2021.
The money is there to do it before, but the date was agreed last year. SMiSA expect to have a cash reserve left of around £140,000 once the share purchase has been completed in July.
Now that the money raised to buy share capital is no longer required the continued subscriptions can be put towards other projects - be that player budget or community led initiatives.
Our membership (SMiSA) pays either £12 or £25 per month. We have around 1200 members so its a significant sum every month. Each quarter £2 per month is allocated to club or community projects that the membership votes on.
It’s been a long journey to get to this point, but totally worth it.
I wish you well for the coming season and hope you can get fan ownership in the future.