Well Society cite 'further concern' over Barmacks' plan
- Published
Motherwell's majority shareholder, the Well Society, say prospective club investors the Barmack family's strategy document "has caused further concern".
US-based Erik and Courtney Barmack, under the banner of Wild Sheep Sports, said last week they believe they can "usher in a new era of prosperity" for the Fir Park outfit.
They aim to provide £1.95m over a six-year period, with the offer contingent on the Well Society contributing £1.35m over the same time.
The board of supporters' group the Well Society have previously stated their opposition to the Barmacks' plan and a two-week voting period on the family's offer begins on Monday.
The society said on Sunday "there is an attempt to rush this proposal through at all costs, regardless of the impact on fan ownership, our fanbase, or the quality of information available to Well Society members and Motherwell shareholders".
And their statement added: "We do not believe that there is anything contained within the Wild Sheep Sports strategy document that alleviates the concerns we have previously outlined.
"In fact, certain content - such as suggesting the club commits almost £4m on projects chosen by Wild Sheep Sports over the first three years of the six-year investment period - has caused further concern.
"We continue to recommend that this proposal is rejected by our members."
Related topics
- Published5 July
- Published18 June 2023