Norgethistle
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Posts posted by Norgethistle
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5 hours ago, fifexile said:
There's not much to be cheerful about around Firhill these days but this made me smile. One of my first Thistle heroes and a great choice for the next TJF pin.
Glad you like it. It’s based on a picture Denis chose himself
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2 minutes ago, The Legend Blows said:
Just canny see McCall getting the heave unless we're rock bottom and even then I'd be surprised if he wasn't given til the end of the season. Wishful thinking to think we're gonna wake up any morning soon to the news of McCall getting the boot.
My rough calculations it would take £40K easy to get rid of the 3 of them. (Based on a guess of their salaries and assuming they only have contracts til end of May)
Zero budget for it so Low will sit on her hands with crossed fingers hoping McCall gets us to 8th.
Again bit like last week, at 1-1 if we score and win we finish the day in 3rd. That'll be McCalls opening arguement.
I think they have rolling contracts. So (if correct) would be 1.5 years times person. If on £40k average each that’s nearly £250k
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I’ve no idea where we go from here.
Im not sure we can afford to lay off 3 or 4 coaching staff and bring in another 2 or 3. Who would be available, affordable, interested and better either.
I don’t believe replacing from inside the club will sort the issue.
Im not sure if we can continue how we are currently either.
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10 hours ago, Anniesland Jag said:
If we keep our shape ,as we did in first half against Dundee,and have either Tiff and/or Graham back we may be in with a shout of a point and hope Accies do the biz tonight.
Think both are out
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Spoke to him a few times on Saturday night, an incredibly humble guy, doesn’t like the limelight but spent the evening walking round everyone and personally thanking them for coming.
He was incredibly emotional during his speech, a lovely guy who gets exactly what Thistle are about.
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1 hour ago, JAGSMAN1968 said:
Thought this was going to be about Morton making us stand behind the goal !!!!!
In the rain in November
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Great player and captain for us. Not the manager we would be needing though
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The Jags Foundation Board has taken the last few days to read, understand and reflect on, the Football Club's annual accounts for the year ended 31st May 2022.
We have compiled a report, explaining some of the most important parts of those accounts, and placing the numbers into context as best we can.
Revaluation of the stadium
The way that the Club has presented the stadium revaluation on its website and in social media[thejagsfoundation.us7.list-manage.com] risks giving a misleading impression as to the Club's true financial position, but is ultimately not itself a cause for concern.
The importance of current assets and cash
Of greater importance, as we have seen at so many other football clubs, is the issue of current assets and cash. Football clubs survive and thrive based on both their short and long-term ability to pay their bills as they fall due, and ensure flexibility about how, and when, they spend their money. While there are no immediate concerns highlighted by the auditors for the next 12 months, the longer-term position is far from clear.
The Club is making six-figure operating losses
Our main cause for concern is that the Club ran an Operating Loss of £215k in the 2021-22 financial year, and saw its cash reserves reduce substantially from over £620k to just over £330k. This is the lowest year-end cash balance for the Club since 2016.
The importance of non-recurring income
There are also important components of non-recurring income attributable to the 2021-22 financial year. These Accounts cannot tell us whether, and to what extent, the Club has replaced those income sources. We feel the Accounts could have been clearer about the non-recurring sources of income in the 2021-22 financial year.
Longer-term concerns
Once non-recurring sources of income are excluded, we believe the Club has cumulatively lost close to £1 million, at an operating level, in the last two financial years. We would question whether, and for how long, that is sustainable.
To read our full report, click the button below.
https://thejagsfoundation.co.uk/tjf-analysis-of-the-ptfc-ltd-accounts-2021-22/
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2 hours ago, Lenziejag said:
Debtors also went up though, Norge - but I tend to agree that they didn’t look as healthy as the Directors statement suggested. However, I suppose you also should look at 3BC’s accounts for the same period. Is there anything besides the shares being transferred ?
Not due out till February/March
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22 hours ago, Dick Dastardly said:
Accounts say we are not struggling financially. If the are genuine then the money should not be a problem. I think there will be plenty who would apply. There are for most manager jobs.
Have you actually read them?
Cash reserves dropped from £623 k to £311k creditors up from £428k to £723k plus posting a loss of £280k
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They will try to expose us at set plays at it’s clear we lose so many goals from there.
Lose an early goal and Firhill could become very toxic.
Not sure who’s still out or how he sets up but this is a must not lose game to stop the terrible form, lose another 3 or 4 goals and we will definitely be in freefall.Saying that I’m looking forward to being back in Firhill on Saturday
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5 hours ago, javeajag said:
It’s interesting that we quote a &1.5m profit figure but only have £330k in the bsnk,,,,
The £1.7m brought in to turn a £200k loss to a profit, was spent on land, so technically it can’t be a profit, it was spent in same accounting period. Assets increase yes, but not profit.
If we post same loss this year, then that leaves £130k in bank, but we also don’t have Queens Park revenue so loss could be greater unless we increase revenue and/or decrease wages
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4 minutes ago, javeajag said:
It says from 3BC….kinda had to who else could it have been ….it’s classed as a ‘donation’
Is it not the main stand and bing (Propco)
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18 minutes ago, Garscube Road End 2 said:
Peter Cormack wasn't internal. He came from Hibs. Bertie Auld, who left Jags for Hibs demanded a transfer fee for him( I believe we paid £2000 for his services).
Peter Cormack was signed as a player
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In the last 40 years we’ve promoted a manager from internal on several occasions
- Peter Cormack
- Derek Johnston
- Gerry Collins
- Gerry Britton, Derek Whyte
- Tommy Bryce
- Jackie Macnamara
-Alan Archiebald
I'd say it only worked out twice
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1 minute ago, Weebaw1 said:
I’m sorry to say this but McCall has taken us as far as he can. And the assistant managers are a waste of space.
I hope the board are identifying someone (Jack Ross?) to replace him and allow Graham to be his assistant.
Why Graham as assistant?
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5 minutes ago, Muscat Jag said:
Played lots of games and look tired???? What the ****! It's not even November. That would be a ridiculous statement to make about part-timers never mind full-time footballers. As for Muirhead being 60% fit, well I suppose it's better than Brownlie at about 5%. What the hell is going on at Firhill. Queen's Park and Ayr were a shambles, but that was a different level of shite today. Looked little more than a disinterested pub team. Thank God Raith settled for what they had at half-time.
The tiredness one is a worry, as the parks currently are in decent nick, wait till they start getting heavy as winter comes in.
Playing Aero at 60% shows that where the squad may have depth, it’s not balanced in that depth.
We have loads of forwards, but center of park (midfield and Centre Half) we are light. -
30 minutes ago, Gary Peebles Tackle said:
I’m not a big fan of sacking managers & I do feel McCall cares for the club.
However, the stress test is do I feel if anyone else could do better? In the past, I’ve been unsure. Now? Answer is a definite YES.
We have decent players, but something isn’t working & we need a change… and fast.
This is a genuine question, could the club afford to pay off him, Scally & Archie? Do they not have 18 months left on their contracts
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1 hour ago, ChiThistle said:
Flying in for the Dundee game - my first in I don’t know how long. Now fearful of what kind of pish I might have to watch…
Me too. After last 4 games I’m not so buzzing for this now
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4 hours ago, Lambies Lost Doo said:
More exposure on this podcast about 25 mins in.
Ian comes across brilliantly in this, and the reaction from the panel to what’s going on tells its own story
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5 hours ago, milhouse said:
I don't think PTFC ever received any sort of transfer fee for Kevin Nisbet but I'm happy to be corrected on this.
Most parents and children will be Old Firm fans, I think the "next generation of fans" is a negligible effect. I think we'd be more likely to be successful signing first team players released from elsewhere who are a bit disgruntled and want to prove themselves.
To me the success and failure of the academy is solely based on whether it benefits the men's first team of PTFC, whether with good players directly from the Academy, or with money from sale of players put directly back to the playing budget. There is little evidence of success of Thistle Weir on this basis.
It's nice having wee kids in red and yellow tops running around on the pitch at Firhill at half time etc., but there's no evidence that it's going to get PTFC in the top flight of Scottish football and help to keep us there. Academies are a luxury not applicable to PTFC.
Nisbet was a product of the Hibs youth team till 16.
The grassroots part of the academy first and foremost actually gives kids (and their parents) an attachment to the club, this could be your future season ticket holders, or a future Academy player if they shine.
As a club competing in a city with the Old Firm we need to be in the community trying to entice the next generation of fans through. Kids go free is no longer walk up, so local kids won’t just appear to see a game and catch the bug, they’ll spend the fiver elsewhere. The grassroots shambles will just add to the difficulties of getting young fans to ignore iPads, TV games and the Old Firm and come and support the Jags-
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1 hour ago, avie-man said:
Several parents appear to be picking apart the club's statement. I'm stunned.
And a coach is also weighing in
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31 minutes ago, lady-isobel-barnett said:
Not exactly answering my hypothetical question, Norge.
Hypothetically a true fan ownership model, that raises funds would fund the things it’s membership deems right, obviously the Fan Ownership board would make recommendations based on input from the fans and the wider community, the grassroots I would say would fall in this category.
The problem is, the fan ownership vehicle chosen, has no income and does not communicate with its beneficiaries. So even if it had money it wouldn’t know what fans wanted it allocated to, and the opposite scenario is also true even if it had communicated with the beneficiaries it has no bank account or funds to fulfill their wishes.
Things could have been so much different if the real fan ownership model was chosen
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5 hours ago, lady-isobel-barnett said:
One for TJF. As I understand it just about every practical fan ownership model precludes fan involvement in the day to day running of the Club, setting budgets etc. From the EGM if I heard right the Hearts/St Mirren Supporter groups retain membership control over certain issues. These crown jewels being matters like change of team/club colours, moving stadium. I take that to also include issues that would have a serious irreversible impact on the Club.
So my question is, if/when we are properly established as a fan owned club would closure or major wholesale changes to the Youth Academy be considered a crown jewel?
The chair categorically stated they did not need our funding. I’m sure this could have been an outlay we could have helped in if asked.
The Jags Foundation
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