Scottish Championship side St. Mirren Independent Supporters Association "teamed up" with former Dir Gordon Scott as they look to buy out a controlling stake owned by Chair Stewart Gilmour and a consortium of fellow board members and investors, according to Andy Newport of the Scotland DAILY RECORD. It is understood that an offer in the region of £1M ($1.4M) "was lodged on Tuesday." The SMISA plan is "based on the model which saw the Foundation of Hearts rescue their club with the help of Ann Budge." Together the fans' group and Scott "hope to buy up a majority stake, with the Buddies support then buying out Scott's holding over a five-to-10-year period." If successful Scott would take over as chair in the initial period, "while a fan representative would also be appointed to the club's board." SMISA Chair George Adam said, "Our plan is very similar to the model Hearts have employed to great success. Gordon already has a shareholding and plans to buy more, while we will also buy a stake and between us we will own a majority. Then over five to 10 years we will buy up Gordon's shares, and from that point is where I believe it will get exciting as the fans will be in charge. They will have a say in how the club is run" (DAILY RECORD, 1/21).