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50 minutes ago, FalkirkBairn2021 said:

Not sure that's going to work though if we are going to have any kind of serviceable squad. It's a noble idea but I don't think we generate enough income. 

Unless we want to be part time of course. 

I think under our current ownership there realistically has to be income from the FSS to balance the books.

You can't rely on a definitive amount from it though to balance the books. The fss money is to buy shares that will hopefully end up giving them more than 51 percent of the club. You rely on it and it falls how do you balance the books then if you've already based your budgets on an amount that you don't get?

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18 minutes ago, Jackie Myles said:

You can't rely on a definitive amount from it though to balance the books. The fss money is to buy shares that will hopefully end up giving them more than 51 percent of the club. You rely on it and it falls how do you balance the books then if you've already based your budgets on an amount that you don't get?

Think that target is 26% with the patrons group taking another 26% giving the club majority fan ownership. The Rawlins , SA and MR make up the bulk of the remaining shareholding I presume 

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49 minutes ago, FalkirkBairn2021 said:

Not sure that's going to work though if we are going to have any kind of serviceable squad. It's a noble idea but I don't think we generate enough income. 

Unless we want to be part time of course. 

I think under our current ownership there realistically has to be income from the FSS to balance the books.

Forgive me but it does seem like there is confusion as to the purpose of the FSS.

The contributions are to have more say in how the club is run and gain more involvement in the decision making - and future direction of the club - by buying shares. 

It's not to sustain the clubs cashflow as supporters are already doing that with season tickets, match tickets and retail alongside the wider sponsorship deals the club has.

 

 

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26 minutes ago, Blame Me said:

Forgive me but it does seem like there is confusion as to the purpose of the FSS.

The contributions are to have more say in how the club is run and gain more involvement in the decision making - and future direction of the club - by buying shares. 

It's not to sustain the clubs cashflow as supporters are already doing that with season tickets, match tickets and retail alongside the wider sponsorship deals the club has.

 

 

Ah, thanks.  Maybe me that's misunderstanding (possibly on the other clubs models too)

I had maybe wrongly assumed the monthly subs were part of the annual budgeting.

Are we expecting to break even this season? 

Edited by FalkirkBairn2021
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With regards to fan ownership is there any reason the club isn’t actively offering shares deals to fans? I know a few had the chance to buy some over a year ago but it didn’t appear to be widely advertised.  

Think the FSS is a great concept and hope more sign up but fan ownership can also be as simple as getting more fans to buy shares.

If we got 500 fans to buy £500 worth then that’s an extra £250,000 of investment to the club and another 625,000 shares held by fans. Likewise if you got 1,000 fans to buy £250 worth. 

The patrons done a brilliant job of creating a group of 20 odd people that created over £200,000 of new money and are represented by 2 positions on the board. Not many can afford a £10,000 buy in, however I’m sure many would pay similar in a different structure. We’re missing the third leg of the stool now with the Rawlins absent so is there room for another structure or would that cause too much chaos? 

Edited by Van_damage
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9 minutes ago, Salvo Montalbano said:

I thought Brad Mackay was OK when he was at the Pars tbh. Quite surprised he stunk the place out at your place but with a competent manager I can see him being decent this season.

He's only playing just now because of necessity, as soon as Donaldson is back he'll be warming the bench. 

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Might be alone in this but I think this will be the starting 11 tonight.

PJ

Yeats McKay Mackie McCann

Hetherington McGinn

McGuffie Nesbitt Morrison

Oliver

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Forgive me but it does seem like there is confusion as to the purpose of the FSS.
The contributions are to have more say in how the club is run and gain more involvement in the decision making - and future direction of the club - by buying shares. 
It's not to sustain the clubs cashflow as supporters are already doing that with season tickets, match tickets and retail alongside the wider sponsorship deals the club has.
 
 

The issue with this is there will be hundreds (thousands for a club like you) who are investing in a very small percentage of shares (I’m assuming it’s done via a lottery or something?). So if these people are expecting a say in the business then you end up with far too people involved. Additional issue is that the majority of them have an emotional tie to the club so hard to step back sometimes and see the bigger picture.

From my experience, these things are a very beneficial way of raising additional funds for the club whilst allowing the participants a chance to win an amount each month (and get some nice share certificates as a keepsake). It is not to allow the participants to get a say in how to run the club. As a shareholder, they also get invited to the AGM where they can ask questions of the board.

This method is actually a pretty good way to get people, who ordinarily don’t go to games and don’t have an emotional tie to the club, to donate money. Something like £20 a month with the chance to win some money each month plus a nice certificate of shares. Most of these people don’t want to sponsor a shirt or buy a season ticket.
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6 minutes ago, Rob1885 said:

What's the latest on Ugwu?

I think it was a fake news story. We've got Oliver, Malcolm and Wilson who are all going to score 10+ goals in training this season. 

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1 hour ago, Blame Me said:

Forgive me but it does seem like there is confusion as to the purpose of the FSS.

The contributions are to have more say in how the club is run and gain more involvement in the decision making - and future direction of the club - by buying shares. 

It's not to sustain the clubs cashflow as supporters are already doing that with season tickets, match tickets and retail alongside the wider sponsorship deals the club has.

 

 

I thought that was the case. Thanks for clearing that up.

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10 minutes ago, Hampden Roar said:

It was a non story probably instigated by his agent to try and drum up interest.

Yep and people lapped it up as they are desperate to see us sign a proper striker. The new BOD need to give JM the cash to get a decent striker in as that’s the difference in this league as we all saw when we had McManus. Bet they’re regretting the huge amount of money wasted on Leigh Griffiths now. Damage is done now but we can’t afford (literally!) another mistake like that again. 

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7 minutes ago, Sarah67 said:

Yep and people lapped it up as they are desperate to see us sign a proper striker. The new BOD need to give JM the cash to get a decent striker in as that’s the difference in this league as we all saw when we had McManus. Bet they’re regretting the huge amount of money wasted on Leigh Griffiths now. Damage is done now but we can’t afford (literally!) another mistake like that again. 

I don't think monies got anything to do with it, hardest position on the park to find is a goalscorer. Mind Holt went through 14 before landing on Wilson & Ompreon.

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2 hours ago, Sarah67 said:

Yep and people lapped it up as they are desperate to see us sign a proper striker. The new BOD need to give JM the cash to get a decent striker in as that’s the difference in this league as we all saw when we had McManus. Bet they’re regretting the huge amount of money wasted on Leigh Griffiths now. Damage is done now but we can’t afford (literally!) another mistake like that again. 

The thing is the BoD gave the money for Griffiths as the manager thought he was a decent striker.

Most of us welcomed the return of Rory Loy a few years back as our marquee signing, didn’t work out.

In the event that the current manager was given a pile of cash (hah!) to sign who  he thought was a decent striker there would be no guarantees that it would be a successful signing.

Every signing is a gamble to a certain extent.

Edited by Reggie Perrin
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