Motherwell supporters are set to be given some major decisions to make following several proposals to invest in the fan-owned club.
Outgoing chairman Jim McMahon revealed at Motherwell’s annual general meeting on Wednesday night that they had received “four or five serious approaches” following a recent announcement that the club were open to investment.
Talks with two of those interested parties – one American and one multi-national – have “progressed rapidly” but both would result in significant dilution of the Well Society’s 71 per cent stake.
With the interested parties keen to push forward, Well Society members are set to be consulted given at least one of the proposals would reduce their shareholding below 50 per cent, while members have been promised the final say on whether to accept a concrete offer.
The Well Society was set up in 2011 and assumed a majority stake five years later. It has close to 4,000 members, who have already invested £1million in the club, mostly in the form of a loan, while about £750,000 is in a reserve fund.
The news came on the backdrop of financial results which showed the club made a £1.6million loss last season.
McMahon claimed the loss was “fully anticipated, managed and primarily the result of various long-term strategic decisions made by the club in recent years”. The club have invested heavily in Fir Park, including a new £1.2million hybrid pitch, new PA and CCTV systems among other projects.
Turnover was £6.4million, an increase of more than £800,000, the majority of which can be attributed to a rise in income from UEFA.
Staff costs last season were £5.1m, down slightly on the previous campaign. The first-team player budget fell by £340,000, mainly because of a reduction in bonuses, while other staff costs increased by £184,000, partly because of compensation costs to departed managers Graham Alexander and Steven Hammell and their assistants.
As a comparison, fan-owned St Mirren spent £4.3million on their staff costs last season after reaching the top six of the cinch Premiership.
Motherwell have spent significantly more on wages than the likes of St Mirren and Kilmarnock since becoming fan owned but McMahon and interim chief executive Derek Weir have both talked about a funding gap in recent months and the challenge of competing with the likes of Hearts and Hibernian, who have benefited from external funds.
The club had £1.75million cash on May 31 last year, down from more than £4million from 12 months earlier. They expect to have at least £500,000 in the bank at the end of the current financial year but say they have had a profitable season this time round.
Meanwhile, it was revealed that manager Stuart Kettlewell has a contract until the end of next season.
It was widely believed that Kettlewell’s contract was due to expire in the summer as Motherwell had declared his deal was “initially to May 2024” when he was appointed exactly 12 months ago. However, a one-year extension was triggered when Motherwell avoided relegation last season.
The club’s recruitment of a new chief executive is ongoing with Weir scheduled to depart in five weeks. McMahon steps down at the end of the season and another director, Andrew Wilson, has now resigned.
St. Louis City v LA Galaxy: Reus sets sights on silverware after dream start
Marco Reus is desperate to bring silverware to the LA Galaxy after making a flying start to his time in MLS, with St. Louis City the destination for his first road game on Sunday.
Reus registered a goal and an assist on debut last week as the Galaxy beat Atlanta United 2-0, maintaining their grip on top spot in the Western Conference.
The Galaxy are five points clear of local rivals Los Angeles FC at the top of the standings ahead of Sunday's trip to St. Louis, who are 13th and 10 points adrift of the playoff picture.
Reus' arrival in Los Angeles has caused plenty of fanfare, but he is focused solely on the team's collective aims.
"It's not about me, it's about the team," he said. "We want to be champions. So we take it game by game.
"Besides the traffic, it's really amazing. The people are so friendly. The weather, it's really nice. When you wake up in the morning and the sun is shining, you start the day differently.
"So I'm really, really happy every morning I come into the dressing room. I'm just happy and excited."
St. Louis played out a thrilling 4-4 draw with the Portland Timbers last week, twice throwing away a two-goal lead to leave interim coach John Hackworth bewildered.
"Really don't know what to say," Hackworth said. "It's hard to imagine coming to a place like this and scoring four goals, being up, and then just losing one-versus-one defensive battles.
"Sometimes, the number of goals you give up, or the number of goals you score, can hide a lot of the transition moments.
"An easy way to prevent some of these defensive miscues from happening is to just be better with the ball."
PLAYERS TO WATCH
St. Louis City – Eduard Lowen
Lowen scored his fourth goal of the MLS season last time out, converting from the penalty spot as St. Louis drew 4-4 with the Timbers.
Only Joao Klauss, with five goals, has outscored him for St. Louis this term.
LA Galaxy – Marco Reus
Reus is one of 20 players in MLS history to record a goal and an assist on his regular-season debut.
He is also the fifth Galaxy player to do so, after Steven Gerrard, Andreas Herzog, Giovani dos Santos and Sasha Victorine. No other team have had more than two players achieve the feat.
MATCH PREDICTION – DRAW
The Galaxy have won 10 of their last 13 regular-season matches, the first time they have done so in a single season since 2011. LA have not recorded 11 wins in a span of 14 matches within a single regular season in the post-shootout era (since 2000).
It would be no surprise to see the points shared in this one, though. All three meetings between St. Louis and the Galaxy have ended level, all with different scorelines (1-1, 2-2, 3-3).
St. Louis have only won one of the last six matches in which they have held the lead in regular-season play dating back to the beginning of June (four draws, one defeat).
OPTA WIN PROBABILITY
St. Louis City – 35.8%
LA Galaxy – 38.1%
Draw – 26.1%
Raphinha hails Barcelona after statement win over Valladolid
Barcelona forward Raphinha believes the team have laid down a statement of their intent by starting the season with four straight wins in LaLiga.
Raphinha scored the first hat-trick of his career and also delivered two assists on Saturday, as Barca crushed Real Valladolid 7-0 at Camp Nou.
Hansi Flick's side already possess a four-point cushion at the top of the table after also recording victories over Valencia, Athletic Bilbao and Rayo Vallecano.
Raphinha believes their results have demonstrated the club got things right in the transfer market, telling Movistar: "Today's game has shown that there is no need for anyone else to come. We are very happy because of that.
"We are in very good shape. The team is working hard. Today's result shows what we are working for.
"We saw that the coach was on the sidelines asking for more goals and that's our mentality.
"We are hungry and want to score as many goals as we can. When we are dominant like we have been, the best way to respect our rivals is not taking the foot off the gas."
Raphinha was one of the players who faced criticism during Barca's trophyless 2023-24 campaign and was rumoured to be on his way out ahead of the new season.
The Blaugrana again battled financial restrictions throughout the window, allowing Ilkay Gundogan to leave in order to secure the registration of new arrival Dani Olmo.
With his future now certain, Raphinha is keen to nail down a starting spot and contribute on a regular basis.
"I don't know if today's was my best game, but it's certainly among my best. I will try to play even better and as much as I can," the Brazilian said.
"I'm very happy to be able to help the team. I feel good. I knew that this season would be very important for me. I'm looking for my best version to help my team-mates and be more confident."
Lazio 2-2 Milan: Leao salvages draw but Rossoneri still winless
Rafael Leao came off the bench to earn Milan a 2-2 draw with Lazio at the Stadio Olimpico on Saturday, but Paulo Fonseca's side are still without a Serie A win this season.
Milan were in front at the break through Strahinja Pavlovic's eighth-minute goal, the Serbian rising highest to power home a header from Christian Pulisic's corner.
However, Lazio hit back in the second half with Valentin Castellanos and Boulaye Dia scoring in quick succession.
Nuno Tavares' first-time ball into the centre was met by the unmarked Castellanos to level in the 62nd minute, then Dia tapped another Tavares cutback home to put the Biancocelesti ahead four minutes later.
Fonseca reacted by sending on four substitutes, and those changes had a swift impact as three of them combined for the leveller.
Theo Hernandez – who joined Leao in being dropped from the start – picked out Tammy Abraham, and his lay-off allowed Leao to escape Tavares to fire past Ivan Provedel.
The game was preceded by an emotional tribute to the man who led Lazio to their last league title, Sven-Goran Eriksson, who died at the age of 76 on Monday.
A Lazio shirt bearing the Swede's name was displayed on the home bench, while a banner held up by the home fans read: "You brought us to the top of the world... Have a good trip Mr. Sven."
Data Debrief: Milan's slow start continues
New Milan boss Fonseca is already under pressure after overseeing a return of two points from his first three league games at the helm.
It is the first time the Rossoneri have drawn two of their opening three matches in a Serie A season since 2011-12, when they also drew two and lost one,
They went on to finish second that season, just four points adrift of champions Juventus. If a title challenge is to take place this term, rapid improvements are needed.
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