Shares bought

St Mirren completes switch to fan ownership

St Mirren (SNS Group)

St Mirren: new beginning (pic: SNS Group)

Scottish Premier League club St Mirren have completed a five year transition into supporter ownership in what is believed to be a unique partnership with a charity.

The St Mirren Independent Supporters Association (SMISA) has bought chairman Gordon Scott’s remaining shares to become majority (51%) owner of the Paisley club.

The move is in conjunction with the locally-based social care charity and social enterprise Kibble, which last year bought a 27% stake.

SMISA say the deal helps to safeguard the future of one of Scotland’s oldest clubs, formed in 1877.

The club will be owned by its fans and run in partnership with a charity in what is thought to be the only model of its kind in top-flight European football.

SMISA’s near-1200 strong membership will now direct contributions towards supporting various club activities, including the youth academy and the charitable foundation.

Leave a Reply

Your email address will not be published. Required fields are marked as *

This site uses Akismet to reduce spam. Learn how your comment data is processed.