10000Hours Statement
On behalf of the 1000+ members of 10000hours we would like to express our disappointment that we have been unable to conclude the deal to purchase the majority shareholding in St Mirren Football Club for its fans.
We made the very best sustainable and deliverable offer we could, based on the substantial backing we received from our members.
That offer was for £1.25 million, to be paid over a 3 year period.
We would like to make it clear that none of our major backers had any doubts about the concept.
While it is now time to end our bid for the controlling interest in our football club, our formal offer remains open indefinitely should the selling consortium have a change of heart.
We will however now move to cancel all members Direct Debit mandates and this will be completed over the next few days. This will happen automatically although any member may of course login to the GoCardless.com website in the meantime and cancel their individual mandate if they wish.
We wish the club every success both on and off the park and again would like to thank everyone who backed the bid for their tremendous support.
We made the very best sustainable and deliverable offer we could, based on the substantial backing we received from our members.
That offer was for £1.25 million, to be paid over a 3 year period.
We would like to make it clear that none of our major backers had any doubts about the concept.
While it is now time to end our bid for the controlling interest in our football club, our formal offer remains open indefinitely should the selling consortium have a change of heart.
We will however now move to cancel all members Direct Debit mandates and this will be completed over the next few days. This will happen automatically although any member may of course login to the GoCardless.com website in the meantime and cancel their individual mandate if they wish.
We wish the club every success both on and off the park and again would like to thank everyone who backed the bid for their tremendous support.
Update 13th Sept 2012; All members direct debit instructions have now been cancelled
