A second statement from the Well Society

[jwok]

Posted on the Society site today...

"We have had two positive meetings in the last 24 hours which have given us encouragement that we can find a community-based solution to the ownership issue facing Motherwell FC.

A number of Motherwell fans have pledged money for a joint loan to the club – before, during and after a meeting on Thursday night. We are extremely grateful for their help.

Today a Well Society representative held further talks with a friend of the organisation with whom we have been in discussions for almost six months.

These talks are bound by a signed confidentiality agreement but we can say that today’s discussion gave us further grounds for optimism. Again we are extremely grateful for this ongoing help.

We cannot give out any more details at this stage and we are going to spend a couple of days ironing out the mechanics of some issues and in further talks.

To clarify reports surrounding the email that was sent to some Well Society members and other Motherwell fa

[meister1991]

Quick Question

If the Society become the major shareholder and assume control of the club what happens if/when we face further financial uncertainty ?

Do the Society and it's members become accountable for the debt ?

[Handsome_Devil]

No, it/they wouldn't.

[biffy]

Fan ownership isn't gonna work for us.
We need an owner.

We don't have enough fans (or a few generous rich fans) for it.

In an ideal world we'd get a rich owner and bring in a new manager.
Unfortunately, we're struggling against relegation despite 3 consecutive top 3 finishes. It's hard to take in after 3 decent seasons.

[Yazz]

No, it/they wouldn't.

and why not ? the Society is trying to secure funding, so they will be the Debtors naturally.

The prospect of debt is worrying, very worrying.