Source: FOOTYMAD
No Knight In Shining Armour Required By The Buddies
Local club for local people According to Buddies chairman Stewart Gilmour, a community-based takeover of the club could be completed before the end of the season. The takeover is being led by Board members Richard Atkinson and Chris Stewart who have now completed their due diligence of the St Mirren accounts. The funding to take over the 52% share currently owned by Gilmour and his allies is in place so just some 'i's and 't's to be completed. St Mirren announced this week that banker Scott McLennan and former manager Tony Fitzpatrick had been formally appointed as advisors to the board to help the community interest company take control. Gilmour said: "It's now up to the supporters, individuals and corporate community organisations if they want to buy out the majority share in the club. Really, it is just another company put together with more social interests and the interests of the community at heart, looking to use the football club as a nucleus and also to enhance the football club but keep the football club under local ownership. I don't think we wanted a situation where somebody rode in on a white charger and threw some money at it and then rode away and left us in disarray, as unfortunately has happened in many situations across the country. This keeps it very much within local hands and it looks like taking the club forward. We'll be looking to get this completed before the end of the season, within the next six to eight weeks, so that the club is preparing in a slightly different fashion for next season."
