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  2. What I've never had a satisfactory explanation for is what our "other operating income" has been in the last two years. I think we all suspect that it's (in whole or in part) a cash injection from Three Black Cats, based on the corresponding reductions in its own cash reserves, but it's hard to be certain. We also can't say for sure whether that's the full extent of support provided by 3BC, or whether it also supported the Club financially in other ways.
  3. If Muirhead is a stable utility defender and a replacement for Bell, I think its an upgrade. If he is a first choice right back then no thanks.
  4. Today
  5. Their “plan” was to stabilize in league 1 this season and win promotion to Championship next season, they are 1 year ahead of their goal. As JavaJag stated the plan is to be in Europe in 5 years, with back to back promotion a very healthy balance sheet, a large investment in backroom staff (Dempsey, Coyle etc) they are definitely setting themselves up to be challenging for promotion in next year or 2
  6. If only that was a page from PTFC accounts. The Spiders have obvious backing and ambition. But their playing squad is still pretty lightweight, looking at their performances in the playoffs. An afterthought, it’s clear even from the 2019 figures that we could have charged much more for groundsharing. Hmm…
  7. I know someone involved at QP and the objective is to play European football in 5 years.
  8. Are you using “turnover” to refer to top-line revenue here? Or in some other context?
  9. Our accounts registered a £900k impairment loss on investment when PropCo sold the land and we didn’t receive a distribution from the proceeds. That essentially cut the Club’s net worth from £6 million to £5 million in the financial year to end of May 2020. My best bet is that our accounts to end of May 2022 will show an increase of £1.95 million, plus or minus appreciation/depreciation, associated with the transfer of the former PropCo land fully back into PTFC Ltd ownership. Therefore all other things being equal our net worth would be up to £7 million or so, as the Club notionally broke even in the year to end of May 2021. What PTFC Ltd’s accounts don’t and won’t show is how much funding has come (directly or indirectly) from 3BC to enable that break-even result to come about. However we do know that our turnover has crashed, from a peak of £4.5 million in year to end of May 2018 (last Premiership season), to £3 million in 2019 (Championship with parachute payment) to £2.7 million in 2020 (relegation/Covid season) to £1.5 million (third tier reduced season) in 2021. If spending hasn’t come down by similar orders of magnitude, that suggests someone else has been subsidising it. I would expect that our turnover recovered this year somewhat but we won’t know how much until the next set of accounts are published (going by previous years some point between October and December). This year will also have included some non-recurring revenue sources, such as the last of Covid grants and Queen’s Park’s ground share payment.
  10. Thanks WJ - interesting to note the 2.1 million owed to them. Wonder where that number came from. Also will be interesting to see how our accounts change once the land transfer is complete.
  11. Yesterday
  12. It’s not that wild, depending on what’s happened in the last year and a half. The last set of Queen’s Park accounts to 31 December 2020 have their balance sheet at £6.65 million, of which about half was fixed assets (presumably Lesser Hampden and related land). And they had just shy of £3 million in the bank. They have recently had a lot more money in cash than Thistle does, but I would expect that to deplete somewhat with the payment for Lesser Hampden works, and they’re also obviously a much lower turnover company than Thistle is. Edit to add: When Norge says £8 million he’s referring to the £8.2 million of total assets less current liabilities in their December 2020 accounts, whereas the £6.65 million is their revenue account figure. See attached.
  13. <spit take> Where are you getting that 8.5 million figure from?!? That’s bonkers.
  14. They are being funded big time, both on and off the park. The youth set up already seems to be passing us by, the U18’s have won the league 2 years in a trot. Willie Haugey is putting a lot in, and they are currently worth around £8.5 million with over £3million in the bank. The question is how big can they be sustainable at? They had around 600 ST holders last year, but a successful season could grown that, but, lesser Hampden will only hold 1200 when it initially opens, so match day revenue is half of ours.
  15. They were true. I know for a fact they were. Far better money on offer, Dundee United are throwing a few quid about at the moment. Tony Watt ran to Dundee from Motherwell. There’s a reason why. ££££££££
  16. Queens Park repeated a similar trick to us today
  17. Thistle88


    Your boring asf !
  18. Time for McCall and the board to get their finger out or we could be Glasgow's fourth team before long.
  19. McCall hopeless, you really need to listen to his videos when he’s discussed player’s ability and what he thinks of them , basically they have all turned out shite
  20. Agree completely, but 9 times out of 10 Rumours actually do have something in them. I Reckon Rhodes could go to anyone bar Rangers and Celtic easily. Seems like someone Hearts/Aberdeen would be after.
  21. Davis and Rhodes both hugely unlikely. Both would interest much bigger clubs if available.
  22. I am positive we can. MCT started in 2019 with a view to have fan ownership, they accomplished that in June 2021 (Which included getting full due diligence) they now bring in £10000 a month in subscriptions. Thats £120k a year we don’t have. Use your vote, and if not already joined the foundation then sign up
  23. Elliot was a complete guess from me, just noticed he wasn’t playing for Dundee and would fill the gap Foster has left but I’d expect a first choice right back in also if we are taking him. Think who ever mention Jason Naismith made a great shout anytime I watched him I was always impressed, he got a move down south and got a bad injury a year or 2 back though and I have no idea what he’s like now. Davis I have no idea if he is even leaving Rangers? Rangers fans I know have said he deserves one more year. I’ve watched a few Rangers games this year and In our midfield I probably would take him. I reckon him and Jordan Rhodes might just be complete rumours though?
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