Motherwell have progressed talks with a US-based family over potential investment into the club, but 'Well Society members and fans should proceed…
This is an excerpt from this week's Claret and Amber Alert, a free Motherwell newsletter written by Graeme McGarry that goes out every Thursday at 6pm. To sign up, clickthis week that the club have entered into a non-binding Heads of Terms with a US-based family hasn’t materially changed my viewpoint on potential investment, or really changed the situation as yet.
So, until both of those points are clarified, there is very little to go on in terms of judging whether this would be a good thing for the club or not. The ‘Well Society, let’s not forget, are the owners of the club, and their statement on Thursday evening distancing themselves from this process suggests a great deal of scepticism from their side around the potential deal.
There may be many who will see the promise of foreign investment and think that more money cannot possibly be a bad thing, but there is of course a litany of cautionary tales throughout the recent history of the Scottish game to ensure that caution is advised.Investment could be a good thing, and the ‘Well Society board themselves have said they are encouraged by the noises coming from the potential investors that they would like to work with the Society rather than sideline it.
Teams are scrapping for every point at this juncture of the season, playing for top six places, European football or just to stay in the division, so no one is expecting tiki-taka to break out.
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