Fans FAQ

Below are a series of commonly asked questions about the bid. Click on any question to show the response. We've tried to cover as much as we can think of but of course if there anything else not covered here you want to know please use our contact page to get in touch and we’ll be happy to come back to you.

As we move forward we will keep this page updated.

THE FINANCES

What will my money be spent on?

Your £12 per month as a basic member will see £10 set aside to fund the share purchase and £2 in a separate pot for the members to do what they like with.

So the £10 per month will pay back the money we are borrowing to fund stage one of the deal, while at the same time building up a reserve over ten years to save up the money to buy out Gordon.

And the £2 will give the trust an ongoing income to be spent on whatever the members decide. Over the years, SMISA has invested money in the club, through interest-free loans to help fund infrastructure (such as the Airdome behind the away stand) or through our sponsorship of the club’s youth academy. This would allow us to continue to help take the club forward, while creating opportunities and facilities for the wider Paisley community.

Our plan is to spend the contents of the £2 pot every three months. The point is we will be able to spend it wherever we as a trust feel we can make a positive impact on the club and the town.

How many members do we need to make this work?
How will SMISA pay back the money it owes?

GORDON SCOTT

Why should the fans pay for Gordon to run the club, and get his money back?

Gordon is a lifelong St Mirren fan who has been a success in business, is financially secure for life, and has now chosen to devote his time to this. He wants to make the club successful, get it into a healthy position and hand control to the fans to safeguard forever.

Crucially, Gordon is the only person who has brought the money needed to the table. SMISA couldn’t have done this on our own. He is taking a risk; if we don’t hit our long-term target he is left where the consortium are now.

And in a sense, this is costing him - he sold property that was making him a significant return to invest in something he will make no profit from. It is also worth pointing out our agreement to buy Gordon’s shares does not include the 8% he owned before summer 2016 – we are only bound to buy the 42% he bought as part of this deal.

What is Gordon’s vision for the club?

FAN OWNERSHIP AND THE LONG TERM

Now Gordon is chairman, how will the club be run?

The day-to-day running of the club will be by the board, which will be chaired by Gordon. He will invite others on to the board who he feels are capable of helping him take the club forward.

The current make-up of the board is Gordon, club chief executive Tony Fitzpatrick, club secretary Chris Stewart, financial advisor and former St Mirren Fans' Council chair Alan Wardrop, and SMISA committee member David Nicol, whose professional background covers large commercial contracts.

David was asked to join the board by Gordon after having led on the financial and legal aspects of the deal from SMISA's side. His appointment is a temporary one, allowing SMISA time to put in place a proper election procedure through which members will be able to choose one of their own to represent them.

That means for the first time the fans will have a director elected by and accountable to them – someone who can represent the views of the fans in the decision-making heart of the club.

However, while SMISA director will be able to raise issues on behalf of the members, ultimately SMISA will not be able to control club decisions - the club will continue to run club affairs, as has always been the case.

Over the long-term, what might a fully fan-owned St Mirren look like?
How can the fans fund the club? What if it needs financial help?

MEMBERSHIP AND PAYMENT

Who are SMiSA?

SMiSA is the St. Mirren Independent Supporters Association. We have been in operation since 2002 and in that time have raised thousands of pounds for the club. Legally we are structured as a community benefits society. The trust is led by a committee, which is elected by the members at our AGM each year. Trust business is conducted on a one member, one vote basis and will continue to be as we go forward.

I was a member of SMISA before summer 2016, how do I sign up to #BuyTheBuds?
I know someone who wants to join but doesn’t use the internet, how can they sign up?
Can I take out a membership for one of my children?
I want to join but I’m not currently in the UK, what options are there for me?
Do I become a shareholder of St Mirren if I’m a member of SMiSA?
What happens if I can’t afford to pay my membership anymore?
I can’t afford £12 a month. Will you let me subscribe for less?
I’ve not been receiving any emails from you.
Who are GoCardless?
I want to change my bank details you have for me, how can I do this?