Jordanhill Jag

Look Save all the Poor Me Rubbish - your elected - so until you stand down then your entitled to be Questioned - this is not about the past - this is about now and the complete lack of any proper strategy to increase revenues to balance the books at the AGM - which TJF are complicit in by going along with it - the fact that there is ZERO and I mean ZERO Strategy to grow the Fan Base and your betting on Growing Hospitality by circa 80 People a Game ( MAX ) to address your Revenue Issues is shocking I've given an outline in where I would target my efforts to Grow Revenues by targeting Growth in the number of Female Fans attending which would bring in more Revenue than Hospitality Increase - that's simply one area - I've said refurb the Female Toilets to make the Stadium more Welcoming for Females - that's not "Gung Ho" that's practical and attainable - but go run with "increasing Hospitality" and turning Cupboards into Function Rooms Its a pity TJF were silent ( yourself excluded ) at the AGM - we might have actually discovered what they actually think Anyway - if nothing else - the Female Toilets will be upgraded

Really ? So you have done a detailed analysis of the Actual Profit made for Hospitality ? Taking Off - Food - Free Bar - Waitress Staff - other staff - overhead for Sales - Marketing - Admin ? Heating - & Electricity Costs - spreading the cost of any Capital Spend over each game Taking off the Matchday Ticket that the vast Majority would have bought anyway You Have done all that ? Where is your Growth in Hospitality when it only holds 200 People - as that seems to be the Big Plan on how we get to a balanced budget ? But Shudder the Thought anyone might actually suggest we increase the Fan Base Of course the Team Doing well has an impact - But Rangers were Relegated to the Lowest Tier in Scottish Football & still sold out there Stadium - so simply saying its just about results is an excuse for doing nothing How any Football Club ( and there Supporters Organisation ) can remotely defend the complete lack of interest in Growing there Fan Base - which has the largest potential for increasing Revenue is Beyond me But I forgot we have the American Money - and we can sell off more Shares in Tranche 2 So it doesn't really matter

Yes I was at the AGM- 10% Growth in Season Ticket Sales does not equate to increased Revenue - simply Regular attenders purchased upfront - it helps Cashflow early in the Season & Signings - not much else Ref the Toilets - See here is the problem - TJF have bought into this "Hospitality & Sponsorship" is the Growth Area Chat Hook Line & Sinker - OK how is spending Money on Hospitality Areas & the 71 Club Going to Increase income -If So by how much - what is the return period for that capital expenditure - I take it a Cost Benefit Analysis was carried out ? Or was it simply someones opinion ? Let me explain some Commercial Reality ( and as Half the Board are Reading this - feel Free to lift and pass it off as your own Strategy 🙂) Hospitality - lets say its averaging 60% Capacity over the Season - that's circa 120 People - max available Growth is 80 People - As it only holds circa 200 So we get another 80 People for 20 Games at around £85 exc VAT But we have a Meal - Free Bar - Waiting Staff - Catering - other Staff- PA announcer - Sales & Marketing Overhead etc etc etc all to pay for - its resource heavy - so actual Revenue is nearer £45 - BUT the majority of those going go to the Games anyway - so you have moved the £22 Matchday Entrance - over to Hospitality Revenue numbers - all your Doing is shuffling around Money from your existing Customer base with a small uplift- after all your overhead is taken off - so the actual impact on the overall bottom line isn't that much - its not "New Money " So Reality its 20 Games x 80 people x £45 Profit - £22 Match Ticket = £40,480.00 ( Figures are for demo purposes - but they are not far away ) OK So lets Look at Fan Revenue We have a Stadium - lets say we average 3500 Per Home Game - now if its 3500 or 6000 Fans - your overhead remains the same - as you have the same overhead due to H&S Turnstyles Stewarding etc You increase average attendances by 10% - its straight profit 350 People x £22 Matchday Ticket x 20 Games = £154,000.00 Now your Running at Breakeven over the Season So back to the Toilets - Research shows that Clean & Decent Toilets are a High Priority for Female Fans - our % of Female Fans is relatively low - so with the right Marketing & Strategy there is opportunity to grow - another 350 doesn't seem an impossible number Your opportunity for Growth via increased Fans is circa another 5000 available seats - Your Opportunity for Growth in Hospitality is 80 available Seats - you may open up other Hospitality Areas but there is significant refurb Costs - Refurbing the Ladies Toilets isn't anywhere near expensive So Your Welcome🙂- Two Minutes & I just removed the forecasted loss of £150K for this Season & made refurbishing the Ladies Toilets a priority - where before no one on the Club Board or TJF Board were remotely interested - now HGT will need to take action ref the Ladies Toilets

For at least half of 22-23 Fans had become disillusioned with the Club and has stopped coming - there was a large bounce from the Play Offs which kept going into this Season- so it had zero to do with Club Strategy Anyway - its a case of “ nothing to see here- please move along” the Grown Ups on TJF & Club Board have it under control ( As long as there is Money from America) and we will promote nice PR Stunts like HGT -but dont dare ask for decent Female Toilets -as the Adults on the TJF & Club Boards don't think its important - just keep paying your money

Your £175K should be a massive boost to getting Players that will make us a Successful Club -instead its being used to prop the Club up -as its not run on breakeven - you want success -go get a Board that can deliver it What is inaccurate about pointing out that there are actually Zero plans to Grow your Key Revenue of increasing Fans at the Game - What is inaccurate about pointing out that for all the HGT PR -actually improving Facilities for Female Fans that might encourage more to attend ( If you actually had someone remotely interested in Fan Growth they would identify Toilet Facilities are actually a high priority for attracting Female Fans ) - but it isn't even considered ? Shocking !! But Hospitality Facilities and 71 Club improvements are a Priority ? The Numbers are simple - Ticket Revenue vs Hospitality / Commercial Revenue is circa 70/30 split You Grow the Fanbase by 10% its a changes the whole Finances of the Club - but all the resource is on the 30% part of the Revenue - TJF should be asking why Your supposed to be a Fans Organisation - maybe start standing up for them -as opposed to being the defenders of the Board - its actually difficult to differentiate these days Aye No bother - Im the same as Jlo How dare I disagree with TJF and the Board

Here is your issues - TJF £170K is giving a false picture of the actual financial performance of the Club - without it - there are major issues - the USA Monies again are giving a false picture - without it we are Bankrupt That in essence means that the Club as a "Going Concern" and viable business Model is Questionable The response at the AGM was giving a Rosy Picture how how its all going to be sorted over the next Few Years - but there was nothing of substance to say how this would happen beyond some Vague References on expanding Hospitality & getting better deals on Sponsorship On the latter - let me save you some time - No Your Not - We are Partick Thistle our Market Value to Sponsors is limited - its as simple as that - as for Donald McClymont becoming involved "in this area " Im sure he is very successful in his Business in the USA - but exactly what clout & contacts does he have in Glasgow & Scottish Business ? Again its all up in the Clouds - Vague Chat No disrespect to Donald McClymont - but we had Guys like Billy Allan - David Beattie & in the Background Alan Foy of Smart Meters all backing us - using contacts to put in cash - if you want success - go get a Board that can deliver it - if you want a Bowling Club - Stay as you are TJF are simply part of the Club - to suggest its NDAs blah blah that stops it saying things in Public is nonsense - it was highly critical on the way in which the Club sacked Ian McCall- and said so publicly - but for some odd reason it can no longer ask Questions in Public I will simplify things You have Two Options to Grow Revenues - Grow Fans - Grow Hospitality / Sponsors The Presentations on future Growth Showed income from Ticket Sales etc & on the same Slide - income from Commercial - however for some unexplained reason the scale of Commercial was altered to give the impression that Commercial was on footing with Ticket Sales regards - Revenue - its not - ts circa 25% of Revenue - but TJF have No Questions to ask - why ? Plans for Growing the Fan Base - our ACTUAL Key Revenue Generator - NON EXISTENT - Talk of "Investment " in going into unused Rooms to look at Hospitality Opportunities - But Talk of Investment or a Strategy to get More Bums on Seats on Matchday - ZERO KPIs - Non Existent - The AGM was simply warm words - Zero Substance - the Plan is - rely on TJF £175K - Rely on USA Money to underwrite losses- and if required - sell off more Shares for Tranche 2 & follow "The German Model" The Club spent Money on improving the 71 Suite - It Spent Money on Improving the Hospitality Suite That impacts on MAX couple of hundred Fans You want more Female Fans ? You want to promote HGT get all the PR - Talk the Talk Well here is a suggestion - GO AND REFURB THE LADIES TOILETS ( and then the Men's ) Actually Treat your Fans Like Paying Customers - Actually Create a Customer Service Ethos at Your Club - Have Your CEO in the Carpark before the Game making sure everything is OK - Have your staff going through the Concourse at Half Time - actually show your interested But we have a Fans Group and they get to nominate Directors and they are now part of the Board - so its all OK There is NO PLAN - if TJF are OK with that then that's fine - but lets stop kidding ourselves on

Did you get answers on the Reliability of Income Forecasts ? Do we have any info on the Reliability of the Forecasted £150K Losses ? Can you advise what the Detailed Plan was to increase Revenues ? ( beyond increasing Hospitality ) Given the Cash Injection & TJF Monies - we should be Break Even this Season ( and that's allowing for a Competitive Team on the Park ) This is a £2.5MN Turnover Company -its in the Owner Managed Bracket of Companies - if we don't have people capable of turning it into Break Even without donations - change them And what we are now saying is that TJF cannot ask awkward questions because of NDAs - so seriously what is the point ? Even when there was a statement that they were involved with the Investment Process from the USA ( as opposed to the Fait Accompli they were presented with ) the TJF Reps in the Room said Nada If we cannot get to Break Even this Season - TJF address that and replace the Board ( included there Directors ) under NO CIRCUMSTANCES should there ever be a requirement for a Second Round of Funding unless there is some massive issue that we are not aware of The Board between the USA & TJF are getting £675K Cash input into a £2.5MN Turnover Company & forecasting a loss - are you kidding - you would be fired immediately in the real World So we are a Bowling Club - Zero Ambition - if that's what people are happy with - Keep Buying the Pins

OK - An Investment is something that you can see some sort of return on Mclymont invested in the Company for his Benefit as he owns the Shares - The Fans Ownership Share % reduced - what we have is a position where we are selling Assets ( in the form of Shares ) to offset Trading Losses - now in a Normal Business this is OK - however the Shares are owned by the Fans - to accommodate the current strategy - a decision was taken ( by we dont know who ) that we would follow "The German Model " with the potential of 49% of the Shares being owned elsewhere - I don't remember TJF discussing "The German Model" with the Fans to get there OK What TJF Donations & being underwritten by the USA Monies demonstrates is that PTFC are not Trading as a normal Business & the Directors are not balancing the Books via Normal Trading Depending on Cash from "donations" etc are a High Risk Strategy as the can be pulled overnight- if those donating change there mind - leaving a massive exposure to the Club - it also means that the Directors are under No Pressure to actually run the Club at Break Even - so we actually have a Bowling Club - not a Trading Company Who says "I'm in the Minority in my stance " a small number of Posters on a Fans Forum ? Is that the extent of your Business Research ? Donations do not exist in Company Trading in the Real World - the Board may be comfortable with it as it saves them running the Club at Breakeven - but that's not how you run a proper business No -the USA Monies will shore up any losses - as they are the Cash Reserves - and losses come out of your Reserves - If we keep trading at a loss- you Run out of Reserves & you need to sell more Shares ( However that seems to have been factored in by the Second Tranche Announcement ) and the change to the German Model which allows selling up to Circa 40% of the Shares ( Jlo owns the other 9% ) Im struggling with your dramatic "what do you want at PTFC" rubbish - like any Fan I want success - in fact I have one single ambition - as a Kid I saw Thistle Play Honved in Europe - the Pals I went to the Game with Bring there Grandkids to the Game - Two Generations of Fans - never seen us Play properly in Europe - Two Generations of Fans - Never Seen us in a Cup Final In order to do that - we need a Financially Strong Club - in Order to achieve a Financially Strong Club we need experienced Directors with the right connections who can deliver that As a Wise Man Said "Ultimately a Football Club is still a Business and difficult ( often unpopular) decisions will still need to be taken by custodians in the Clubs best interests "

OK stop saying “investment” we sold off Assetts to get Cash in to Cover our losses its as simple as that So now we are getting nearer to the actual position - we are using the USA Money to help fund the residual debts of last Year - without the USA Cash the Residual Debt would come out of this Years Revenue - the problem with that is you eat into the Reserves -if you don't increase the Revenues to offset the Residual Debt - which means we will need additional funding as you agree its £600K we have to find between the Residual Debt and the Reduction in Revenue not having a Rangers Game Yes your getting £170K from TJF - but thats a donation - PTFC are a Business its Directors are supposed to have the required Skills to Run the Business at a Profit So why are TJF not asking the Questions that gives a Clear Picture of our Finances - that without the USA Money and TJF Money we will run up massive losses - why is that not stated at the AGM - why is it being painted as everything in the Garden is Rosy Finance Wise - PTFC as a Business are being bailed out - there was nothing at the AGM that indicated that this position is likely to improve - and the Actual Finance Position has had to be dragged out kicking and screaming So best case its £150K loss - if its more -we use up the USA Cash and sell off more shares ( which has now been put out as another tranche of “ investment” ) its not its selling off Assets in the form of Shares No its not “ different people at the helm” the Thistle Trust agreed Sign Off for last Years Accounts when there was a massive Black Hole - nothing has changed And stop the “ slinging mud” accusations - Ive said we are Short - £600K - you have just agreed thats correct - Ive repeated statements from the AGM - if Ive got anything incorrect from the AGM Statements - I will withdraw them Im taking an identical Approach to TJF after last Years AGM - asking pertinent questions - drilling down to the core info - how was it “ the Right Way” for TJF -and the wrong way for me ? The only thing thats “ wrong” is that Im asking the awkward questions -where it should be TJF asking them

We could start with appointing a Board thats capable of balancing the budget -and not relying on selling off chunks of the Club to Fund Trading losses ? Again and Clearly its too difficult a Question for some people to get there Heads around We had a Turnover of £2.5MN last Year that included £300k from Rangers - so to get the same turnover as last Season we need to increase Revenues in other Areas or make large cuts ? - the actual Cash Revenues for this Season are also taking a £300K Hit -due to paying £300K of last Years Debts out of this Years Revenue So we need to find £600K to balance the books - no one has said how this is going to be achieved ? And you can save this rubbish about some sort of “ personal “ agenda ref TJF - asking why they are not being robust ref Financial Questions of the Board in a similar manner to last Years AGM is reasonable comment - perhaps you should ask them why the Clubs Major Shareholder has nothing to say at the AGM on the Finances ? as for the £150K forecasted losses - this doesn't stack up with a reduction of £600K in this Years Revenue -and neither was it explained where the shortfall is being made up either by cuts or increasing Revenue - I can “ forecast” we are going to get into the Champions League next Year - so the £150K loss is simply a guess What we are also being ask to accept is that the same Financial Process that missed the Black Hole in last Years Accounts and agreed that there were no “ going concern” issues - is to be accepted as giving an accurate Forecast of this Years losses As for the second Tranche of Funding from the USA - it was slipped in amongst numerous Financial info at the AGM -then the Herald are briefed and its the Headline News - so its obviously part of an actual plan That then Rings Alarm Bells - why would the Club who are Forecasting Breakeven next Season -need £500K of additional funding ? Why is it even being discussed ? But of Course - a bit like “ The German Model” its slipped out there - not a Peep from TJF asking why we would need to sell off more shares and need more funding - Nada - Zero Maybe the same enthusiasm on asking questions on the Finances should be applied to when they’re launching a New Pin ?

The £150K was pitched as there most accurate Forecast - of course there are numerous Factors - and maybe Crowds etc etc will all go up However based on previous Seasons and similar Turnover League Position then its unlikely we are going to increase Revenue Half Way through a Season There was no detail as to how targets would be met However in similar Seasons with Similar Turnover we lost circa £300K Graham Cowie did ask how robust the budgeting was - there was no quantitive response that I recall

Unfortunately your figures are not correct The Rangers Game was a one off - it generated £300K - so to replace it we need to generate the same from increasing Revenues elsewhere - if we dont Revenues are down We had £300K debts from last Year which were paid out of this Years Revenue So in Total thats £600K - we average circa £2.5MN Turnover - so my Question is simple - where is the £600K in Revenue that we are down going to come from ? There was no detailed response The £150K loss is a best case Forecast Half Way through the Year - any losses it comes out of the USA Money - we continue with a loss - we need the other £500K and sell more Shares That's fine - no issue with that - BUT - we are supposed to be Fan Owned and we are selling of Shares to offset Trading Losses - if that's the Plan & TJF are OK with it - Tell people that If its not the Plan - then the Trusts get a Board that can balance the Budget ? This Wee Cosy Relationship is a recipe for Disaster

First stop equating PTFC with the Board - they are not one in the same - so asking "what I want from PTFC" is not correct - I've questioned the Club Board & the TJF Board - they ARE NOT PTFC I asked questions at the AGM - the main one being that with a £600K reduction in Revenue on an average £2.5MN Income - how are the books being balanced & what is the USA Money being used for - there was no clear answer - apart from vague discussions on looking at converting Cupboards into Hospitality Areas I did not see a firm Plan in any shape or form on how to balance the Books ( which is a concern ) What was revealed is actually the USA Money is not an "investment" or "Reserves" - a forecasted best case scenario is £150K losses - could be a lot higher than that - we don't know - so what happens is we eat into the £500K underwriting losses - then sell off some more shares for another £500K etc etc to keep covering Trading Losses If that's the plan - Say That If TJF - who have Two Chartered Accountants on there Board ( moving from TJF to Club Board like Ships passing in the Night ) are accepting that this is the Plan - Say That I actually don't care if the USA Investors take us over - I think it would be a Good Thing- and if its happening- then do it now I do care about TJF crucifying the last Board on there Financial Plans ( Rightly So ) at the last AGM - identifying gaps in the Finances - I do care about TJF with Two Chartered Accountants not asking pertinent questions on Finances & Revenue Strategy- at the current AGM & giving the Board a Free Pass where the only key difference is we now have "Money from America" so we don't need to worry ( we can simply sell off more Club Assetts in the form of Shares ) & follow "The German Model" Why are TJF so reticent to ask awkward Questions ? They were all over it last Year ? Why when it was stated that the Trust were involved all along regards the USA Investment did the TJF Reps in the Room not Question this - as TJF clearly stated at the time - they were advised late on- and presented with a Fait Accompli - why did the TJF Reps in the Room allow this to go unchecked ? First - I didn't ask the Question Ref "Going Concern" it was the chap next to me ( no idea who he was ) but he raised a massive issue - which again TJF seem unconcerned about Last Years Accounts were voted through and there were no issues as "a going concern" they were voted through by the Thistle Trust - who owned most of the Club Shares Our Current Finance Director ( who was a Board Member of the Thistle Trust ) was asked if he did Due Diligence before the Thistle Trust Voted to accept the Accounts as a going concern - and why a Couple of Weeks Later a Black Hole of circa £600K was discovered - the response was that he only had the Published Audited Accounts to go on - so Due Diligence was extremely limited BUT and this absolutely key - Sandy Fyffe at last years AGM with THE SAME INFO identified a £500K shortfall ( which became £600K ) TJF published a detailed report identifying the Shortfall Yet this is ignored - simply move along - nothing to see here - we now have the American Money - everything is fine - TJF Policy the Board Recommend Directors - its not there decision ( unless of course its Sacking a Club Chairman ) Now from where I'm sitting - it might be "negative" but its similar Questions to those TJF were asking a Year ago- How are the Books being balanced with a Reduction in Revenue of circa £600K - but its now move along - nothing to see here TJF might want to stop closing down debate with various Fans on Social Media - and actually start asking if they are doing the right thing by there Members- and that as it did last Year - starts with sorting the Club Finances & ensuring they have the Correct Board to do so And a Final Note to the TJF Parody Account Woodend Jag Is Graeme Cowie - I'm Jim Alexander ( aka Jordanhill Jag ) - if your going to quote us - at least get our names right ( and No I have zero link to the TJF Parody Account ) they have there own Agenda - nothing to do with me

They are not "benefactors" that is the whole point They are buying assets in the Club in the form of shares - this is necessary because we run the Club at a loss I have no issue in the USA Company buying the Club and Running it - I do have an issue with this not being upfront and open - we went from "Fan Ownership" to the "German Model" of 51% Ownership overnight - when was that agreed and by whom ? There is more than one way to run a balanced budget & TJF first question is are those on the Board 100% capable of doing so Because if they don't - Plan B is to keep selling off shares to the USA Investor ( I'm assuming up to 49% ) If required

So what your suggesting is that we keep racking up losses - sell off more shares - get more money - buy players and hope we get promoted ? Sounds like a Solid Plan - you should apply to join the Board

Yip - now we know why “ The German Model” suddenly appeared out of no where Question to TJF - if the current £500K is Working Capital and Reserves and the Board Presentation shows a £150K loss this Year and into profit next year Why would you need a second £500K ?

OK for Clarity - Im not make “ Good Points” - I asked the Questions TJF should have asked as the Major Shareholder but they are now part of the Gang - so the Board Get a Free Pass from them There is £600K down on Revenues from an Average £2MN Turnover due to residual debt and not having another Rangers Game Beyond “ looking at other areas of Hospitality” in the long term - zero response on how Revenue will grow to address the Shortfall Best Case - we lose £150K thats BEST CASE realistically it could be nearer £300K Any organisation Ive worked with and a Budget Presentation with such Vagueness would have got you the sack TJF have TWO Chartered Accountants on there Board - where is the Grilling of the Budgets they did last Year ? Nothing has changed we are still in the Shit financially however the USA Money is underwriting Our losses - so no one is that fussed

The position is simple & there were no real answers given Season 22/23 Turnover increased by 18% - this was due to the Rangers Game & some Contributions from TJF - say roughly £300K Total - without it Turnover in 22/23 would actually have gone down - we finished 4th ( similar to 21/22) Play Offs are not in 22/23 Accounts but income is minimal for them as its part of the Monies paid out by the SPFL We made a £300K loss for 22/23 - those debts are carried over into 23/24 and were paid back from this Years income circa August 23 Soo - before we kick a Ball - our Revenue income is down by £300K due to Residual Debt - chances of another Rangers Game unlikely - so that's another £300K down- compared to overall Revenue last Season - so Cashflow Wise -its down £600K from this Years income - I raised this - didn't really get a detailed answer as to how it would be squared off We were given presentations of "Forecasts " but No real Detail of how increased revenue would be achieved ( apart from exploring other Areas to increase Hospitality ) The harsh reality is that PTFC Turnover in the Championship rarely changes - there is no "Magical " untapped Revenue Streams that previous Boards missed - so you cut your Cloth ( & overhead to Match your income ) its as simple as that So the Very Best Case Scenario being given is that this Season - assuming all Targets are Hit - is we lose £150K - thats Best Case - however the USA Monies are underwriting us - if we eventually run out of Cash by racking up losses - there is another £500K from the USA Investors available up the track - so no real pressure to break even Which in essence explains why we suddenly went from Fan Ownership to the German Model overnight - as the potential for selling more Shares to underpin losses has been factored in up the track Last Year at the AGM TJF were asking detailed Questions on Finances - and I appreciate Woodland Jag attempted this remotely - However there are Two Chartered Accountants on TJF Board ( as it happens both were sitting on the Club Board Directors Side ) - Not one Single Question from TJF or any other Trust Reps on Finances in the Room - not one I will end with this as its important - a Shareholder raised the Question ( not me ) of last Years Accounts being signed off as " a going concern " by our Major Shareholder ( then the Thistle Trust ) only to discover Weeks later that there were major Cashflow Issues The Question was asked on due diligence - at the time of Share Handover last Year - the response was that it was limited - as there was only published Accounts Available - and therefore the Accounts "going concern" was agreed - Yet from the same Accounts - Sandy Fyffe identified circa £500K of a Shortfall - which TJF stated in there report last Year ( turned out it was £600K ) The info is there if you actually look Anyway - Im off to brush up on my Deutche in preparation for the German Model of 51% Fan Ownership in the not too distant future

How many Shares does the Current Board own in there own Right ? In fact how many Current Directors actually own any Shares ?

It was stated that Beastall & Gerry made the decision - not the Board of Directors There is No Speculating on what would have happened if we refused - the simple answer is there would have been no transfer - its in our M&A - Share Transfers have to be Approved by the Board - however TJF may wish to check if the Board formally approved the Transfer in Accordance with our M&A In Simple terms - if the USA can demand a Director for 10% - where does that leave someone with 9%

One point worth noting It was raised that the Club have to agree any Transfer of Shares This was requested to Transfer Colin Weirs remaining Shares in February to a Private Individual - it was pointed out by a Shareholder ( not me 😊) that the Club have in the past refused permission of Share Transfers - however on this Occassion they gave there OK for Share Transfer - the Shares are circa 10% -added to the USA Investor thats 20% of the Shares - a sizeable chunk

It was Tunnocks Teacakes 😊

Why ? That assumes that TJF are the correct Tent ?

I have my own Shares paid for with MY OWN CASH 😊 which is just as well given the lack of questions on Finances and the Share Purchase by the USA Investor asked by TJF One question asked remotely by Greame Cowie - Nada from there Reps in the Room

And there is the Root of the Problem - its Nothing to do with the Bing 1. We have a Club Struggling to balance Budgets- and dependent on external Funding to do so 2.In a large statement to the Fans before the AGM - the only statement on Growing Revenues was a Vague Reference to looking at converting the Bing for Hospitality - that was it - that was the Cunning Plan - something that is never going to happen and not feasible 3.Now rather than the Trust seeing it as a Major Red Flag - they simply meander along agree with every Board Request ( if the previous Board had made a similar statement - then they would have been crucified 4.You asked me for Specifics - I've Given you one - there is a Major Red Flag on Revenue Growth Plans - Me- I would be reviewing any agreement on re-electing the Board - and drilling down on Budgets because if they are Willing to State this in Public - then other Questions have to be asked You See that's how it works - the Major Shareholder asks very robust Questions - if they don't get satisfactory answers - they get New Directors and don't re-elect existing ones - but everything is fine - nothing to see here - next we will be getting told we are getting a New Training Ground The fact the Board published this - Build Hospitality on the Bing as the Revenue Plan - and it didn't immediately raise concerns with the Trust (s) sort of speaks Volumes ref the Cosy Relationship Is that specific enough ? - What do I think should happen ? Well maybe detailed Questions on how they intend to balance the Budget and where the Revenue Growth is coming from ? If you don't get the Right Answers - you don't agree re-election - You know - the same robust Questioning TJF had at last Years AGM