News Formal

Motherwell board recommend voting for Barmack's investment proposal

  • 📰 Daily_Record
  • ⏱ Reading Time:
  • 35 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 89%

Motherwell FC Nieuws

Lanarkshire Sport,Facebook,Social Media

The Fir Park board say Barmacks' offer, working in partnership with the Well Society, gives them the best chance of securing regular and certain funding, as well as significant new sources of income

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.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 9. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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'.
Bron: BBCMOTD - 🏆 103. / 51 Lees verder »

'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…
Bron: Glasgow_Times - 🏆 76. / 59 Lees verder »

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
Bron: Daily_Record - 🏆 9. / 89 Lees verder »