I bet a pound to a penny that Milne would never sign off the type of contract that McInnes recieved if he was using his own (Companies) money.
Milne must be delighted the way this season is panning out.
Pr1ck.
Stewart Milne Group gone bust - placed into Administration today - more than 200 people have lost their jobs
I am not surprised. Milne himself was desperate to sell up and try and cash in but like any business when it is run by someone whose heart isn’t in it then it will fail. The same happened when he was our chairman at the club.
He will leave it for others to pick up the pieces.
Last edited by RED_JOHN; 09-01-2024 at 06:50 PM.
He sold the SMG business a while ago, and his was one of the failed bids placed when it was put on the market prior to the bank withhdrawing its support. Its closure is not, therefore, his doing. In fact it is to his credit that he tried to keep it in business by bidding for it.
Facts, ken?
I agree facts are important so let's get them right. As of July 2023 (latest filed information with Companies House) Stewart Milne Group Holdings Limited, the ultimate parent company of everything that has gone bust stated that it was controlled by (owned more than 75%) one Stewart Milne Esq. He was attempting to sell his shares in the business but had failed to do so.
I have no idea what he did or did not try to do to keep it in business but obviously his low ball offer to the bank was of no interest to them