The rumours have been circulating the net for a few weeks but it seems that, for once, these ones are actually true. The new director is believed to be the head of a local building firm. How much he is investing is unknown, although the St. Mirren Independant Supporters Association claim they were told that they were required to purchase £100,000 worth of shares for a seat on the board.
However much he is investing, a new director is surely a good thing for Saints :-)