St Johnstone takeover: Adam Webb on future after buying club

Hibernian, Dundee and Dundee United are the three other Scottish top-flight clubs under US ownership, while a vote is currently under way on whether Motherwell want to accept or reject American investment.

Webb has “vowed to be transparent and open” as an owner and said predecessor Brown’s views on St Johnstone played a part in his decision to take over the club.

The American added: “Once I did focus on Scotland, to see Geoff’s comments about the club, the sustainability, the assets, the team that was in place, and to realise that all of that was available… it was obviously the best of multiple options.”

Webb says he is at St Johnstone for the long haul and wants the team “to be consistently competitive” by getting into Europe “every few years” having “great cup runs”.

He adds that player budget has already been increased, but a lavish loosening of the purse strings certainly does not appear to be the strategy he will adopt.

“In my study of the game, that has been a mistake and owners who do that and don’t have immediate success have a breaking point, even if they are super wealthy.

“So that is not our intention… I wouldn’t just throw money at player payroll, then you are stuck with contracts that may or may not make sense.

“I think a better goal is to have a great academy, to have young players coming up, those are very reasonably paid players by the very nature of it, use your academy as a springboard, obviously you can have some player sales in the mix.”