MFCGMFC
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The board of Motherwell FC is delighted to announce that by the close of business on Saturday 31st March the membership of the society stood at 927 members including 263 Junior Steelmen and 664 full voting members. The funds raised to date are £335,375.
This means that the initial target for the society has been hurdled and the vision of fan ownership can become a reality.
The next steps will be the formal constitution of the society and the organisation by its membership of its affairs, supported by the club’s staff. The society will also now have a right to elect two new members of the board.
The board also announced the next set of goals for the society project:
The society must organise itself well and conduct an orderly election of two people of ability and integrity who can pass all ‘fit and proper’ tests to be a director of a company and this great football club.
Once the above hurdle is met the next target will be to attract over 1000 voting members. At this point the board will consider further director elections and further enhancements to the society’s balance of control of the club’s decision making.
The board reiterate that the overall financial target for the club remains financial sustainability anchored by a ‘Strategic Reserve’ of £1.5 million, a total which the board will keep under review given the prevailing trading and strategic position of the club and the league.
The trustees of John Boyle’s equity stake (Jim McMahon, Derek Weir, Andrew Wilson and Leeann Dempster) will remain directors as the transition period proceeds. The first task of the Board with its new members will be to consider the election of a new Chairman to replace John Boyle at the appropriate time.
Commenting on the success to date, Motherwell’s Chief Executive Leeann Dempster said,
“The supporters of Motherwell Football Club have stepped up and shown they have the passion, desire and self belief to make Motherwell a successful, sustainable fan-owned club. The support for the Society idea has overwhelmed us and we are hugely proud of the success to date.
“But it is only stage one. We need to emphasise to everyone that we need to keep recruiting and keep raising funds. Crucially, every fan will also agree that we must demonstrate an exemplary ability to run orderly elections to the board and to bring forward candidates of ability and integrity that can be entrusted with the future of the club.
“We have come a long way however and our optimism as a board remains. It is a tough trading environment but our club is improving its position. We have complete belief in this idea but will retain a laser focus in ensuring it is implemented in a way that will secure Motherwell’s best future.”
taken from Motherwell FC
Cheers
MFCGAVMFC
This means that the initial target for the society has been hurdled and the vision of fan ownership can become a reality.
The next steps will be the formal constitution of the society and the organisation by its membership of its affairs, supported by the club’s staff. The society will also now have a right to elect two new members of the board.
The board also announced the next set of goals for the society project:
The society must organise itself well and conduct an orderly election of two people of ability and integrity who can pass all ‘fit and proper’ tests to be a director of a company and this great football club.
Once the above hurdle is met the next target will be to attract over 1000 voting members. At this point the board will consider further director elections and further enhancements to the society’s balance of control of the club’s decision making.
The board reiterate that the overall financial target for the club remains financial sustainability anchored by a ‘Strategic Reserve’ of £1.5 million, a total which the board will keep under review given the prevailing trading and strategic position of the club and the league.
The trustees of John Boyle’s equity stake (Jim McMahon, Derek Weir, Andrew Wilson and Leeann Dempster) will remain directors as the transition period proceeds. The first task of the Board with its new members will be to consider the election of a new Chairman to replace John Boyle at the appropriate time.
Commenting on the success to date, Motherwell’s Chief Executive Leeann Dempster said,
“The supporters of Motherwell Football Club have stepped up and shown they have the passion, desire and self belief to make Motherwell a successful, sustainable fan-owned club. The support for the Society idea has overwhelmed us and we are hugely proud of the success to date.
“But it is only stage one. We need to emphasise to everyone that we need to keep recruiting and keep raising funds. Crucially, every fan will also agree that we must demonstrate an exemplary ability to run orderly elections to the board and to bring forward candidates of ability and integrity that can be entrusted with the future of the club.
“We have come a long way however and our optimism as a board remains. It is a tough trading environment but our club is improving its position. We have complete belief in this idea but will retain a laser focus in ensuring it is implemented in a way that will secure Motherwell’s best future.”
taken from Motherwell FC
Cheers
MFCGAVMFC
