The terms of a proposed investment deal for Motherwell are amended after initial opposition from the club's largest shareholder.
The terms of a proposed investment deal for Motherwell have been amended after initial opposition from the club's largest shareholder.
The new submission would leave fans' group the Well Society with a 50.1% stake, down from their current 71%. US-based couple Erik and Courtney Barmack aim to provide close to £2m over a six-year period, with the Well Society then committed to contributing just over £1.3m. The original deal was for the Well Society stake to drop to 46%, with the former Netflix vice-president and his wife amassing 49% through Wild Sheep Sports.Earlier this month, the Well Society board recommended its members reject the offer because it "drastically undervalues" the Fir Park club and would "end fan ownership".
A buy back option after two years has been reduced from £660,000 to £630,000 should the Well Society want to end the partnership.Strange cases break out in a remote Welsh villageBorthwick 'doing a great job' for England - JonesIBF v Usyk - power struggle brewing in boxing'Something has got to radically change for McIlroy after US Open meltdown'
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