At the most recent AGM, shareholders were given an explanation of the two possibilities.
Following their public appeal, Motherwell has two distinct funding options, one from the US and the other from the Middle East.
Although the Fir Park side got criticism at the time for their video appeal for financial support, it appears that their request is now being fulfilled. At the most recent AGM, club executives discussed potential options with shareholders, and they are currently comparing the two offers.
The Scottish Sun reports that the Well Society, a fan club, presently owns 70% of the company, but that percentage may be reduced to about 50%. At the most recent meeting, Jim McMahon, the chairman, and Derek Weir, the interim chief executive, spoke to the group.
The unidentified American investor reportedly made his wealth on steaming platforms and wants to expand Well’s global exposure and sponsorship prospects. Additionally, they aim to modernize the hiring procedures by utilizing data analysis to attract players who may be profitably offloaded.
The other consortium claims to have a new CEO in line and is made up of businessmen from Australia, the Middle East, and the US.
Following the development of negotiations with both parties, a shareholder vote will be place.
US millionaire Bill Foley, who owns Bournemouth, has lately acquired a minority ownership for Hibs, while American investors have also invested in Dundee and Dundee United. Talks are presently underway between St Johnstone and possible American investors.
