Fans put off St Mirren takeover

PA Sport
Fans' group forced to delay bid to purchase St Mirren

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Fans' group forced to delay bid to purchase St Mirren

The fans' takeover of St Mirren has been postponed amid the uncertainty over Scottish Premier League finances following the rejection of newco Rangers into the top flight.

The 10000Hours group announced three weeks ago they had reached their target for support of their bid.

The Buddies were one of the SPL sides to vote against newco Rangers' application on Wednesday and a statement from 10000Hours backed the decision and urged fans of the club to purchase season tickets now the outcome was certain.

The statement read: "On behalf of our members we would like to add our support to the board of St Mirren Football Club and the rest of the SPL clubs for making a decision on the entry of the Newco into the SPL based on sporting integrity rather than self preservation. The club have done all they can. What happens now is in the hands of the SFA and SFL.

"We would hope that any fans who have held back from buying season tickets will now support the club in its hour of need. The money from these sales is essential to keep the club in funds until the sponsorship money is received from the SPL for the coming season."

Despite agreeing with the club's stance on Rangers the statement also claimed that financial support will be offered but that the purchase of St Mirren is not currently feasible.

"There is, however, still obvious concern over how much money the club will receive from the SPL and when," the statement continued.

"As was indicated in the results of our recent poll the large majority of our members would want us to assist the club in ensuring that it continues to run on an even keel with little or no risk of redundancies, fire sale of players or in a worst case scenario, administration.

"Until we know the level of sponsorship money the club will receive this year it is obviously not possible, nor sensible, for us to conclude our purchase of the majority shareholding of the club.

"It is also difficult to gauge what level of financial support the club may need but rest assured that we, with your support and instruction, are willing to do everything in our power to assist the club in dealing with any potential threat to its future."

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