A US investor and the owner group at Motherwell have come to terms. Negotiations with the American family will go forward following the signing of non-binding terms.



The board of directors at the <a href="https://worldsoccertalk.com/news/ex-scotland-boss-proposes-crazy-idea-to-improve-premiership-20231220-WST-478738.html">Scottish Premiership</a> side has been looking for investors outside the company. While seeking new investors, the Steelmen recently staged a spoof Hollywood fundraising appeal. They urged famous faces like Taylor Swift to contribute money to their cause. It was similar to what <a href="https://worldsoccertalk.com/news/welcome-to-wrexham-season-3-to-debut-earlier-than-expected-20240210-WST-488920.html">Rob McElhenney and Ryan Reynolds</a> accomplished for the EFL team <a href="https://worldsoccertalk.com/tv/wrexham-effect-efl-to-net-at-least-56-million-in-us-rights-deal-20240305-WST-493228.html">Wrexham</a>. 



Not all fans were pleased with the finished video, therefore the decision was divisive at the time. The fact that a contract has progressed to the “next stage” suggests, nonetheless, that the campaign was successful.



<h2>What did Motherwell say?</h2>



An agreement on non-binding Heads of Terms was reached. Thus, they will now focus on formalizing a legal framework to go ahead with a shareholder vote.



The investor also allegedly wanted to form a relationship with the Well Society as a condition of the sale. <a href="https://www.motherwellfc.co.uk/2024/04/03/agreement-with-us-based-investor/" target="_blank" rel="noreferrer noopener">According to the club</a>, a Head of Terms formalization procedure typically takes around six weeks.



“The Executive Board of the Club would like to confirm&nbsp;that investment discussions with a US-based family have reached the point where both parties wish to move forward&nbsp;to the next stage and have therefore entered into an agreement on a nonbinding Heads of Terms.



“Both parties will now work on formalizing these into a legal framework which can be put to a shareholders&nbsp;vote. The investor has expressed his desire to work in partnership with the Well Society.”



<figure class="wp-block-image size-large"><figure class="image"><img loading="lazy" width="1200" height="670" src="https://ds-images.bolavip.com/news/image?src=https://images.worldsoccertalk.com/webp/full/WST_20240404_WST_499332_Motherwell-FC-1200x670_84685559.webp&amp;width=1200&amp;height=670" alt="" class="wp-image-499368" srcset="https://worldsoccertalk.cms.futbolsitesnetwork.com/wp-content/uploads/sites/6/2024/04/Motherwell-FC-1200x670.jpg 1200w, https://worldsoccertalk.cms.futbolsitesnetwork.com/wp-content/uploads/sites/6/2024/04/Motherwell-FC-300x168.jpg 300w, https://worldsoccertalk.cms.futbolsitesnetwork.com/wp-content/uploads/sites/6/2024/04/Motherwell-FC-768x429.jpg 768w, https://worldsoccertalk.cms.futbolsitesnetwork.com/wp-content/uploads/sites/6/2024/04/Motherwell-FC.jpg 1280w" sizes="(max-width: 1200px) 100vw, 1200px"></figure></figure>



“The process of formalizing the Heads of Terms is likely to take around six weeks and we will keep you updated on progress,” the club said in a statement.



<h2>What did the club coach say?</h2>



Despite increased speculation about American funding, Motherwell manager Stuart Kettlewell thinks major <a href="https://www.bbc.com/sport/football/68733923" target="_blank" rel="noreferrer noopener">changes are very improbable</a>.



&nbsp;“It’s maybe one stage further forward, but my understanding of the conversations that I have had. And I’ve not been involved in a great deal of it – is that it is just a small step. My understanding with all these things is that they can be a longer process, so that doesn’t necessarily change anything in my mindset or remit.



“You look at a budget over a summer, that’s going to look exactly what it is just now. Until somebody tells me any different, which certainly doesn’t seem to be on the horizon. I think it’s a positive step, because I believe in the evolution, that if there are ways of improving things at football clubs.



“But that then starts to become a conversation for Brian Caldwell, the board members and the Well Society, to make sure whatever happens next – for and against – is the right thing for the club.



“I’ll probably take a step back and continue to concentrate on football, but referencing back, it’s one small step, and I don’t think anybody should be massively reading into it that there’s going to be wholesale changes here in the coming days or weeks.”



PHOTOS: IMAGO.

Motherwell announces agreement with US partial owner

A US-based investor and Motherwell's top brass have come to terms, and negotiations with the American family will go forward following.

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Motherwell announces agreement with US partial owner