Welcome to the latest update from the trust committee.
It’s now been around six weeks since our joint bid for the club with Gordon Scott went through and we’ve continued to be busy behind the scenes.
It’s been a massive transition for us, with our member numbers going from 200 to nearly 1,400 and our annual income from four figures to six, but we feel we now have the back-end admin and financial processes we need in place to deal with that increase in workload.
Our member numbers have held pretty steady throughout August and as of the end of the month were sitting at 1,370.
Along the way we have lost a few and gained a few and we expect that is how it will be – we know from our discussions with friends at the Foundation of Hearts that numbers will vary.
Obviously it is important we maintain our numbers as the years go on and we aim to do that by showing members the benefit their money is having on St Mirren and the local community.
The £2 per month members pot
With that in mind, we will soon be in a position to start investing your cash in the club.
As we told you last month, the plan is to spend the £2 ringfenced from each member’s monthly subscription on a quarterly basis.
The September subscriptions will be the third tranche of #BuyTheBuds money, meaning we will have in the region of £8,000 to invest in the club as the members choose at some point soon.
The plan is for the SMISA committee to speak to the club about their priorities for investment, to survey members over their priorities and ideas, and compile all of that into several costed spending options through which members will vote via secure online ballot.
We are still finalising the details of the exact procedure through which we will do this, but will be in touch with members soon regarding the next steps.
SMISA director and club matters
As you know, SMISA committee member David Nicol is now on the board of the club. Dave’s feedback from the first of the board meetings is that they have been really positive and that Gordon Scott in particular has lots of ideas he wants to implement at the club.
On club matters, it is important to again stress that SMISA is not directly responsible for club business – the club board control club operations, as has always been the case.
But the benefit to having a SMISA rep on the board is that we have a man in the room who can raise issues which matter to our members.
If there is something you wish Dave to raise for possible consideration at a club board meeting then let us know via [email protected]
We would also remind you that Dave’s appointment is only temporary for the time being – we plan to hold an election before the end of the year where members will choose who will do the job over the longer-term.
Open meeting – 5 September
To give members a chance to speak directly with the SMISA committee and to raise any issues they wish to discuss, we will be having a drop-in session during one of our regular meetings.
We will be in the back room at Saporito Coffee in Gauze Street, Paisley, on Monday 5 September between 7 and 8pm.
If there is anything you want to talk to us about, please pop by.
Events and benefits update
We ran our first public event since #BuyTheBuds became reality when more than 100 fans joined us for a fan party in the library cafe at the University of the West of Scotland after the Morton game.
Gordon Scott, Alex Rae and Tony Fitzpatrick joined us and addressed the crowd, as did SMISA chair George Adam and director Dave Nicol.
We want to thank everybody for coming along, as well as UWS for hosting and Billy Gray for being DJ on the night.
We have also started to roll out the benefits due to those who signed up the #BuyTheBuds through the £2,500 premium package – with some of those members joining the squad during the official team photo last week.
Some of the £25 per month members have also been picked to enjoy directors guest lounge access at the Paisley 2021 Stadium for home games.
Paul Wycherley was the man chosen from the hat for the Hibs game and we'll announce the winner for the the Queen of the South game on Saturday 10th shortly.
We are also working on plans for the first of the exclusive £25 per month members events, and hope to have more free events for all members at some point too.
In the meantime, you can contact us via [email protected] if there are any queries.
The SMISA Committee