how investment hunt has polarised Motherwell

It feels somewhat amusing to hype up a vote involving Motherwell as history defining just days after a landmark general election - but here we are.

It all began with the club revealing details of the Barmack family's proposal. The Well Society board instantly opposed it. Douglas Dickie, who remains on the club's executive board, resigned as co-chair of the Well Society following their statement. The biggest change in the revised terms means the Well Society would now retain their majority shareholding, but the group feel Motherwell would be "fan-owned only in name".On the face of it, many will be wondering why a club like Motherwell would refuse investment from an ex-Netflix vice president and his wife Courtney, who is a senior director at Snapchat and has held a similar role at YouTube.

Barmack told BBC Scotland he would be "healthfully sceptical of outside investment" as a fan. He also said he did not want to "disempower" the Well Society, nor was he interested in a takeover of the club.Those terms have now been amended and the group's share would instead drop to 50.1%, but they believe "major risks" remain in the proposal.

But further questions have been raised about potential debt Motherwell could incur, with projected year-one initiatives estimated to cost over £1m after Wild Sheep have invested just £300,000.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Proposed Motherwell investment rejected by Well SocietyMajority shareholder calls on proposed Motherwell investment to be rejected.
Herkunft: SunScotNational - 🏆 49. / 63 Weiterlesen »

Well Society to reject Motherwell investment proposal from ex Netflix bossThe Los Angeles business tycoon is looking to invest money into the Steelmen.
Herkunft: Daily_Record - 🏆 9. / 89 Weiterlesen »

'Well Society best bet for Motherwell, not investment gambleThe 'Well Society have outlined their vision for Motherwell as they look to persuade shareholders that an investment proposal isn't in the club's…
Herkunft: Glasgow_Times - 🏆 76. / 59 Weiterlesen »

The Well Society launches vision for future of Motherwell amid investment voteShareholders and Well Society members began voting this week on a potential investment from Wild Sheep Sports
Herkunft: Daily_Record - 🏆 9. / 89 Weiterlesen »