Motherwell board recommend voting for Barmack's investment proposal

Motherwell's board have recommended that shareholders vote for Erik and Courtney Barmack's investment proposal which has caused some consternation at the club.

Motherwell's board had revealed plans for a £1.95million cash injection which would have seen control of the club shift to Wild Sheep Sports and ultimately end a period of fan ownership. It read: "Within the Barmacks' and the Well Society's business plans, there are lots of interesting ideas. We welcome both. Having studied both at length, it is our view that combining these ideas, locally and internationally, gives us the best chance of broadening our reach and appeal, and therefore generating additional revenues."

"A buy-back option for the WS which is built in as a safety measure. No external debt to burden the club's future finances.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Well Society board recommends rejecting Erik Barmack investmentThe board of the Well Society is recommending members reject the offer of just under £2m in investment from Erik Barmack because it 'drastically undervalues' Motherwell and will 'end fan ownership'.
Fuente: BBCMOTD - 🏆 103. / 51 Leer más »

'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…
Fuente: Glasgow_Times - 🏆 76. / 59 Leer más »

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
Fuente: Daily_Record - 🏆 9. / 89 Leer más »