Meeting on 30th Nov

We are pleased to confirm the meeting to discuss the way forward for the proposed Fan and Community based buy out of the 52% shareholding will go ahead next Wednesday night the 30th at 7pm at St Mirren Park.

We are however aware that there is widespread industrial action planned for next Wednesday so the meeting will be covered online (details to follow) and we will arrange a second meeting should we get the feedback that many interested in coming have been unable to attend because of the industrial action.

We will endeavour to release further information nearer the time, however we feel it is important to reiterate the key points that we believe make the 10000hours CiC Fan and Community ownership model the best for the club.

•    Fan Governance and Community ownership: This is a genuine guarantee of the C.I.C model and does not deliver simply a token gesture, i.e. a fans representative on the board.

•    Unpaid board members.

•    The opportunity for fans to achieve a seat on the club board: The C.I.C model will create an avenue for fans, with the appropriate skills and willingness to apply them for the benefit of the club and community, to have a seat on the club BoD without the barrier of personal wealth. Not as a token gesture but as a genuine board member, with equal rights and responsibilities.

•    That the stadium of the Club and other capital assets should be "asset locked".

•    That no borrowing should be made which either requires security against the assets of the club or payment from the club to individuals or companies with the purpose of repaying any personal or corporate debt incurred in purchasing club shares.

•    That St Mirren Park Facilities are utilized not just for the benefit of the club but for the whole Community.