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Johnston bought out by Bowie


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7 minutes ago, Cill Mheàrnaig said:

Article worded very carefully, and not mentioning how much he was paid. Can't imagine he went cheaply.

THIS ^^^^

 

The whole episode was rotten from the start and don't forget Bowie has also benefited as he now has a hotel and a football club and only paid out £3M (?) for it.

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3 minutes ago, Gazza said:

He’s away that’s all that matters

True, and that's the very good part of all this. However, there has to be worries about whether this will infect investment in the club in the near future. If he's bought out MJ to a large extent he might be less likely to invest in the playing squad e.g. 

As I say - delighted he's gone, but will be interesting to see how things play from now on.

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7 minutes ago, chubbs said:

THIS ^^^^

 

The whole episode was rotten from the start and don't forget Bowie has also benefited as he now has a hotel and a football club and only paid out £3M (?) for it.

£3M is that all?? 

Its more than anyone else TBF and we’re better off than we were with MJ in charge.

Deal is done so let’s move on 

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24 minutes ago, Fudger said:

Does Johnston benefit financially from that deal? Apologies, I'm a bit fick when it comes to shares n that. 

Billy Bowie top man and delighted he is running the club. Keep up the good work BB. 

No mention but it is likely that Bowie and MJ reached a private agreement for Bowie to buy MJ out of club and hotel.  Since MJ got his stake for £1 he will have made a tidy profit.  Main thing us he is gone.  Bowie now owns around 80% of Club. 

Edited by killiekosmos
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He’s gone fully now. For long enough we thought we’d never see this day. It was a hard time with MJ in charge but in comparison with some other clubs we got off lightly. 

It’s time to look forward. A clean slate and an opportunity for new investors to come forward knowing MJ has no influence on their money. 

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