Motherwell chairman Jim McMahon denied their fundraising video was akin to “begging for money” as he stressed the club was not in financial difficulty.
A video that appealed directly to Hollywood celebrities and finished with a young fan saying “Taylor Swift, gie’s some dosh” has been viewed more than two million times on social media and already led to enquires about investing.
However, it sparked embarrassment among many fans and led to concerns about the finances of a club which lost £1million in the 2021-22 campaign and was expected to announce similar financial figures for last season.
McMahon stressed the fan-owned club had cumulatively broken even since the Well Society assumed majority ownership in 2016 and explained they were looking for either more members, sponsorship or new investment to “de-risk the business”.
The 74-year-old was unaware of any criticism of the advertising agency-produced video and said: “We are not desperate for money. We are financially stable and we have enough money to see us through this season, next and maybe a bit of the next.
“So I don’t see it as begging for money and I am not embarrassed by it.
“I don’t think it’s a desperate cry for money because it isn’t. If it comes across that way, I can only say to fans, ‘that’s not what it was meant to be’.
“It was meant to be a tongue-in-cheek take on some of the trends that are happening in football just now and an attempt to encourage folk into the shop.
“We had more Well Society members sign up in the first couple of hours of the video than the last two or three months. And we have already had about 10 declarations of interest – can we find out more about the ability to invest?
“It’s part of our strategy to use our other contacts, mainly into the (United) States and other parts of the world, to say: ‘Here’s what we are. Here’s what defines what we are as a club, are you interested?'”
Many fans will wonder why the club needs to seek investment after receiving a record £3.25million fee for David Turnbull in 2020 and taking up an interest-free £3m Covid-19 recovery loan from the Scottish Government.
The club’s wage costs increased by 60 per cent in five years up until the summer of 2022 and Motherwell outspent the likes of St Mirren, Kilmarnock and Ross County by £1-2million on wages during that latter season.
The Well Society has already committed more than £1m into the club, mostly through a loan that is unlikely to be repaid, and fans continue to contribute to a reserve fund.
McMahon, who plans to step down at the end of the season, admitted there was a “reasonably big gap” between costs and income if they do not perform well through player sales, cup runs or league position.
“Five, six years ago we didn’t have big injections of money from Americans or other people,” said McMahon as he denied the fan-ownership model was failing.
“James Anderson at Hearts is putting £5million a year in. You have Dave Cormack at Aberdeen. You have the Hibs money.
“There’s money coming in that is making it more difficult for us to compete on the pitch with these clubs. I think we react to it by trying to see if we can accrue money from other sources.
“We are not in financial difficulty, we are not trying to sell the club, we are trying to give it the best chance for the future. We should be examining the model continually to see if it’s still fit for purpose.
“I would tick the box of working jointly with someone whose values align with the Well Society. I guess the board would go out to the members with the proposition.”
Milan 3-3 Genoa: Thiaw own goal denies Rossoneri in six-goal thriller
Milan were pegged back to a thrilling 3-3 draw by Genoa in Serie A on Sunday.
Second-half goals from Matteo Gabbia and Olivier Giroud put Milan on course for victory, but a late own goal from Malick Thiaw rescued a point for the visitors.
Genoa's Mateo Retegui converted a penalty five minutes in, but Milan equalised just before half-time through an Alessandro Florenzi header.
The visitors regained the lead three minutes into the second half, however, when Caleb Ekuban sent a towering header home.
Milan turned the game around in three minutes, as Gabbia headed home in the 72nd and Giroud scored the hosts' third of the match with a volley from an acute angle.
Yet Genoa continued to push and a cross into the Milan box was inadvertently turned into his own net by defender Thiaw.
Second-placed Milan have 71 points, six ahead of Juventus who play later on Sunday. Genoa are 12th with 43 points.
Data Debrief: Like a fine wine
Age really is just a number for Milan's veteran campaigner Giroud, who has scored 14 goals in Serie A this season.
It is his highest tally in a single league campaign since netting 16 for Arsenal in the Premier League in 2015-16.
Reggae Girlz forward Jody Brown graduates from Florida State University
Reggae Girl and Florida State University soccer star Jody Brown celebrated a significant milestone this past weekend as she graduated with a Bachelor's Degree in Humanities. At just 22 years old, Brown has achieved remarkable success both on the soccer field and in her academic pursuits.
Brown was among 101 student-athletes who graduated from FSU between last Friday and Saturday.
During her time at Florida State, Brown played a pivotal role in securing two National Division 1 Soccer titles in 2021 and 2023, adding to her impressive list of accolades. She was also part of four ACC Division One championship-winning teams in 2020, 2021, 2022, and 2023, highlighting her exceptional talent and contribution to collegiate soccer.
Brown's impact extended beyond the field, as she excelled academically, culminating in her graduation this year. Reflecting on her university experience, Brown took to Instagram to express her gratitude and nostalgia: "Four years of unforgettable memories, lessons, and lifelong friendships. Thank you Florida State University."
Her Instagram post garnered warm congratulations from fellow Reggae Girlz teammates, including Khadija 'Bunny' Shaw, Kiki van Zanten, and Tiffany Cameron. Jamaican track and field icon Veronica Campbell Brown, a two-time Olympic gold medalist in the 200m, also joined in celebrating Brown's achievement.
Brown's journey from representing Jamaica at the age of 16 to competing in the FIFA Women's World Cup in 2019 and 2023 underscores her dedication and talent both on and off the field. As she embarks on the next chapter of her career, Brown's achievements serve as an inspiration to aspiring athletes and scholars alike, demonstrating the power of determination, resilience, and academic excellence in pursuit of one's goals.
Eintracht Frankfurt 1-5 Bayer Leverkusen: Alonso's champions roll on
Bayer Leverkusen extended their unbeaten streak as they secured a 5-1 away victory at Eintracht Frankfurt in the Bundesliga on Sunday.
The result leaves champions Leverkusen at the summit with 84 points, while Frankfurt sit sixth with 45.
Leverkusen's record unbeaten run, meanwhile, has now extended to 48 matches across all competitions.
Xabi Alonso's team opened the scoring through Granit Xhaka's bending strike from outside the box after 12 minutes.
Hugo Ekitike's perfectly timed header restored parity just after the half-hour mark, however.
Leverkusen retook the lead just before half-time through Patrik Schick's towering header.
It was 3-1 in the 58th minute, Exequiel Palacios converting a penalty after Niels Nkounkou pulled Nathan Tella by the shirt.
Jeremie Frimpong added a fourth for the visitors with 13 minutes remaining, tapping in from short distance, before the wing-back played a key role in Leverkusen's fifth, winning a penalty which was put away by Victor Boniface.
Data Debrief: Club history for free-scoring Leverkusen
Leverkusen have now scored 82 goals in this Bundesliga season, a new season record for the Werkself in the top flight.
They also lead the Bundesliga for the most goals from long-distance (11), most goals from set-pieces (23) and most goals in the final 15 minutes of matches (19).
SportsMax is the Caribbean sports channel of choice, committed to providing sporting content of the highest quality to the Caribbean, delivered by a team of highly innovative, passionate and qualified professionals.
(876) 619-7629
digitalmedia@sportsmax.tv
