Revised investment plan put forward at Motherwell

  • 📰 BBCMOTD
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The terms of a proposed investment deal for Motherwell are amended after initial opposition from the club's largest shareholder.

The terms of a proposed investment deal for Motherwell have been amended after initial opposition from the club's largest shareholder.

The new submission would leave fans' group the Well Society with a 50.1% stake, down from their current 71%. US-based couple Erik and Courtney Barmack aim to provide close to £2m over a six-year period, with the Well Society then committed to contributing just over £1.3m. The original deal was for the Well Society stake to drop to 46%, with the former Netflix vice-president and his wife amassing 49% through Wild Sheep Sports.Earlier this month, the Well Society board recommended its members reject the offer because it "drastically undervalues" the Fir Park club and would "end fan ownership".

A buy back option after two years has been reduced from £660,000 to £630,000 should the Well Society want to end the partnership.Strange cases break out in a remote Welsh villageBorthwick 'doing a great job' for England - JonesIBF v Usyk - power struggle brewing in boxing'Something has got to radically change for McIlroy after US Open meltdown'

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 103. in BUSÄ°NESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines