A consortium of Inverclyde businessmen has launched a bid to take a 60% stake in Greenock Morton with an immediate £150,000 investment. The group, which includes Sandy Easdale, Raj Samrai and Alex Mcwaters, has pledged £12,500 a month to address a £335,000 budget shortfall caused by a sponsor's failed payments.

The consortium said its offer represents a long-term commitment to make the club stronger and more sustainable. "Private investment and supporter ownership can work together," the consortium said, "with MCT's ongoing financial contribution forming an important part of its proposed model."

Stadium and board structure

The proposal includes a plan to bring Cappielow Park into the ownership structure within four to five years. The consortium seeks legal protections to ensure the stadium remains Morton's permanent home. A new seven-person board would be created with two directors appointed by the consortium, two by Morton Club Together, and three independent directors.

The group states it will not seek special veto rights over day-to-day operations. Its members have collective business experience handling revenues in the hundreds of millions of pounds and include a former Scotland international and a former Scottish Premier League player.

Financial urgency and fan vote

The club faces a cash crisis and could run out of money by the end of the year. This financial pressure comes as Morton sit 10th in the Scottish Championship with just one point from eight games, having lost their last four matches including a 2-0 defeat at Inverness on Friday. A fans' fighting fund has raised over £70,000 to provide short-term support.

Morton Club Together members have until Friday, October 2 to submit questions on the proposal. An extraordinary general meeting will be held on Monday, October 19 for MCT members to vote on whether to accept the consortium's offer. The club's next fixture is at home to second-placed Raith Rovers on Saturday, October 3, with the full fixtures list available on our site. The consortium's investment is conditional on MCT maintaining its monthly contributions, with the group aiming to be custodians of what it describes as a vital community asset.

The report in full is at Greenock Telegraph