St Mirren fans have a one-off chance to make sure our club stays forever at the heart of the Paisley community and in the hands of the people who will care for it most...you, the fans.
For just £12 per month you can support #BuyTheBuds and help preserve the proud history and safeguard the future of our club.
The power to make that happen is in YOUR hands. Read on to find out how...
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This deal has come about because we want St Mirren to stay where it belongs, at the heart of the Paisley community, for generations to come.
The power to make that happen is in your hands. Click each heading below to find out how...
Over the last year, SMISA has been working with former St Mirren director Gordon Scott on a joint offer for the majority shareholding in the club held by the selling consortium.
The consortium has agreed in principle to accept our offer and SMISA members have approved the terms of the deal.
The terms are that if the deal goes through, Gordon will become majority shareholder and chairman of the club, and SMISA will get a director on the board.
Then if we raise enough money over the long-term, SMISA would buy Gordon out, meaning majority fan ownership of SMFC.
We believe this offers the best possible future for St Mirren. The current board want out and one way or another, they will sell up. But this deal guarantees St Mirren would stay in the hands of the people who will care for it most forever...you.
The deal will see Gordon and SMISA jointly buy a 68% shareholding held by members of the current board and several other shareholders with whom they have legal agreements.
Gordon is paying the bulk of the total but SMISA needs to fundraise £380,000 for our part of the share purchase.
Our members have already agreed to commit £20k of that from existing resources as our share of a £100k deposit, refundable should the deal not be completed.
For this deal to happen, we need the fans to help fund it. We are setting basic membership of SMISA at £12 per month and for the deal to happen we need as many people as possible to join.
SMISA plans to borrow the money needed for our share of the deal. The final loan arrangements are still to be confirmed but we expect that in order to repay the loan and rack up the money needed to buy out Gordon, we will need the equivalent of 1,000 fans paying £12 per month over ten years.
Members will also have the option of signing up for £25 per month, or through our £2,500 premium package, offering ten years of membership and some exclusive money-can’t-buy benefits.
More information on our sign up page.
If the fundraising is successful and the deal goes through, Gordon would control a 50.1% shareholding and SMISA around 28%.
To be clear, this would not be majority fan ownership at stage one. Gordon and the board will look after the day-to-day running of the club, much as the current board do.
But that board will include a fans representative, elected by and accountable to SMISA members, who will be able to put across the views of the support.
SMISA and Gordon will have a legally-binding agreement naming certain ‘red lines’ which SMISA could veto – such as issuing new shares in SMFC.
Over the years, Gordon will work with SMISA to make a sustainable transition to majority fan ownership when we are ready to do so at some point in the future.
In doing so we could safeguard the future of our club and its role within the Paisley community forever.
Sound exciting? You’ve got the power to make it happen. It’s quick and easy to sign up now.
10 REASONS TO SIGN UP
St Mirren and its role in the Paisley community is precious and could never be replaced; this deal means the club can stay forever in the hands of the people who will care for it most...you;
You and other SMISA members will be able to help influence the running of the club; never before have fans been able to directly elect their own representative on to the club’s board;
Members will be able to decide how their money can be used to take the club forward; if we want to, we can permanently enshrine youth development and community at the heart of the club;
The club needs regime change. The current board deserves huge credit for all they’ve done over the years, but things have gone stale – this deal will bring the fresh energy and ideas the club needs;
At some point, the consortium will sell and move on. We are the favoured bidders but others are waiting in the wings. If we don’t do this we don’t control what happens next;
This deal would ensure no outside influences with questionable agendas could ever take control; some of the problems we’ve seen at other clubs wouldn’t happen to a fan-owned St Mirren;
We have the chance to do this now while the club is in relative good health, unlike other fans who only got the option to buy their club when it was in danger of extinction;
In Gordon Scott, the next club chairman would be a lifelong St Mirren man with the resources and football boardroom and business experience to take the club forward;
Gordon will work with the fans on a smooth and gradual transition to majority fan ownership over the long-term; we’ll have the time we need to make sure we do that right;
This process will be led by Saints fans, for Saints fans. It belongs to everyone with the club at heart and everybody will have the chance to help shape what happens next;
"The thing that gave me the most satisfaction in my working life was my time with St Mirren and especially the stadium construction. When I go to a game or drive past the stadium it gives me an enormous sense of pride to see what I helped to build. My desire is to see us back where we belong at the top table of Scottish football and I firmly believe I can help achieve that, and then successfully deliver this club into the hands of the supporters."