Mr McGeoch is the only long-serving member of the Saints board who is not part of the consortium trying to sell their 52 per cent controlling interest in the club. The Scottish Sun this morning says Mr McGeoch has now joined forces with business partner Paul Davies in an effort to buy those shares for £2million.
The article is sketchy on the details, although claims the cash would be paid upfront and would not lead to an increase in the playing budget. It also says Mr Davies made his money through the sports, leisure and security industry. A few years ago a football agent called Paul Davies tried to buy what was left of Gretna - is it the same one?
Apparently the pair have a five year plan which would see an increase in off-field activities, while at the end of that time the club could be handed over to the fans.
Considering the club has been for sale for two years and the 10000Hours community interest company have been trying to buy it for the last year, you have to wonder why Mr McGeoch didn't act sooner. And how is he funding the bid - will the debt incurred be transferred to the club, leaving us in a mess again.
Another director, Richard Atkinson, is currently leading the 10000Hours bid which plans to use public funding and loans to buy the shareholding and then make the club the centre of the community. He recently claimed that the funding package was 99 per cent in place and everything would be resolved within days, rather than weeks. That was over two weeks ago...
Personally, I am against the CIC bid and welcome the fact someone else, who will have the club at heart, is interested in a buyout- but it's hard to say if it's good news until more details of the bid are revealed.
Follow Mirren Mad on Facebook at http://www.facebook.com/pages/Mirren-Mad/177833938918587
Follow Mirren Mad on Twitter @mirren_mad or http://www.twitter.com/mirren_mad