Join us and help make St Mirren majority fan-owned!
SMISA are the proud part-owners of St Mirren FC - and with your help we can make the club majority fan-owned by 2021....and allow it to be forever safeguarded by the people who care for it most.
We are doing that through a unique partnership with Kibble, one of Scotland’s largest charities and social enterprises, who can help grow St MIrren as a business.
An overwhelming majority of SMISA members (92%) backed those plans in a members vote in February 2020. Read on for a summary of how they will work.
- SMISA is on track to deliver majority fan ownership by end 2021. We are doing this by working in partnership with Kibble – one of Scotland’s biggest charities. The partnership is unique within UK football – never before has a charity been part-owner of a club
- Kibble now own a 27.5% stake in the club. SMISA owns 28.3% and has a legal agreement to buy Gordon Scott's 22.7% by end 2021 - which will take our stake to 51%. Obviously we need our members to stay with us - but with your continued support we will raise the required amount to do this, plus a cash reserve.
- from now until then, SMISA, Kibble and Gordon will jointly make major shareholder decisions. Gordon will continue as chairman;
- Kibble will offer staff support, help bring new income into the club, invest in new facilities, and create training and employment opportunities for the young people in their care;
- there will be a three-way legal agreement governing how the shareholders will work together, which will become a two-way legal agreement once SMISA buys Gordon’s shares;
- the club’s operations will still be overseen by the club board - now and when SMISA is majority owner – but in future we will be able to appoint the majority of the board;
- SMISA created the #BuyTheBuds campaign because there could be no better owners than the people who will care for the club most – you, the fans.
- the current plans deliver majority fan ownership in half the time and for around half the cost we first thought – but crucially they deliver it better;
- we are now working in partnership with an organisation who can help St Mirren grow as a business – creating new income to be reinvested into the football team;
- Kibble share our values – neither of us wants to make profit for ourselves – we want a club which benefits the community;
- the club will be owned by the fans and run by those best qualified. SMISA will be able to shape the future direction of the club – and put in place people we trust to run it on our behalf;
- as a member you are not only helping deliver the buyout, but once we own the club you will continue to have a vote on all SMISA issues, and your views will be represented in club decisions;
- the deal brings together two of Paisley’s oldest institutions – St Mirren (founded 1877) and Kibble (founded 1840). Doing so will help change the lives of some of the country’s most vulnerable kids;
- Kibble’s reason for being is to look after the young people in their care – they see St Mirren as the ideal place to create training, job and sporting opportunities for them, while raising their profile;
- Kibble has massive commercial expertise – they can help St Mirren be a better-run business, and find new ways to bring in income which can be reinvested on the park;
- Kibble has a large staff whose time can be made available to St Mirren, at no charge – to support existing club staff to help bring in new income and improve the service the club offers fans;
- Kibble are making a massive investment in St Mirren – they need to be part-owners to have some control over that. But being part-owners means their fortunes are tied to the club’s – it’ll be in their interests as much as ours to see a winning team on the park;