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Majority fan-ownership...how it will work

SMISA is set to become the majority owner of St Mirren FC in summer 2021...meaning we can allow the people who will care for the club most – you, the fans – to safeguard its future forever.

We will have delivered the Buy The Buds campaign in half the time originally expected – thanks to the ongoing commitment of our members and our unique partnership with children’s charity and leading social enterprise Kibble.

A quick guide to how a SMISA-owned St Mirren will work is below. If you want more detailed info, please see our Q&A page

How it will work

Currently SMISA owns a 28.3% shareholding in St Mirren and we are due to purchase current chairman Gordon Scott’s 22.7% in summer 2021, giving us majority control.

Our partners Kibble already own 27.5% and will continue to support St Mirren to grow as a business by offering staff time and commercial expertise.

We have a three-way legal agreement which requires certain decisions to be mutually agreed by the major shareholders (currently SMISA, Kibble and Gordon). This will become a two-way legal agreement once we buy Gordon’s shares. You can see a summary of this on our terms of vote page.

It’s important to stress fan-owned does not mean fan-run – we want St Mirren to remain a well-run business. That means we need to put in place the people we believe are best qualified to do that, and to trust them to get on with the job.

So when we own the club, it will still be run by the club’s board and management – but as majority owner SMISA will appoint at least half the club board, and will make sure our members views are considered in club decisions.

Find Out More

Have a look through our detailed Q&A and the terms of the deal approved by our members in February 2020 by clicking the buttons below.
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