The Well Society complete purchase of Motherwell FC

Date: 31st October 2016

The Well Society have successfully concluded the purchase of Les Hutchison’s majority shareholding taking Motherwell FC into fan ownership.

With the deal now complete, Motherwell FC will join a family of supporter owned clubs and become the first British community owned top division club.

When Supporters Direct Scotland talks about ‘community ownership’ we mean the following;

• A minimum of 50% +1 of the voting rights of the Club to be controlled collectively by a democratic entity which has an open and inclusive membership.
• ‘Democratic’ to mean the membership of the entity to work on a one member one vote principle
• ‘Inclusive’ to mean that there are no substantial barriers to participate as a voting member, with membership open to all that are sympathetic to the aims of the Club.
• Any profits are reinvested back into the Club as opposed to being distributed to shareholders.
• The Club is committed to running as a sustainable business.

As a member of ours, we look forward to supporting The Well Society with their journey.

Head of SD Scotland, Andrew Jenkin said “It’s great news Well Society have been able to conclude the deal. Congratulations to everyone that made it happen and got the deal over the line”

“Through our research we know community owned clubs open up a number of benefits to a Club that are much harder to achieve or not possible to achieve in a privately owned Club.”

“The hard work for the Well Society begins here and we look forward to supporting them along the journey.”

Posted in: Latest News