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Firhill Developments


Hankey
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Was one of the original proposals (from way back) to retain South Drive access underneath the new structure? Similar to access behind North Stand?

 

edit: Doesn't look like it takes out the road going by the model images at the side on ZM site anyway.

Edited by Jagtastic
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Is that not George Francis's role

 

But remember that George works for Partick Thistle not Firhill Developments. Anything that is put out in the press will have to be agreed by both parties.

 

So for those in the property market game - is the market picking up and what sort of money would a deal like this be worth?

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But remember that George works for Partick Thistle not Firhill Developments. Anything that is put out in the press will have to be agreed by both parties.

 

So for those in the property market game - is the market picking up and what sort of money would a deal like this be worth?

 

Are the club not majority shareholders in the development company?

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This is yet another topic that would have been ideal for the proposed supporters federation meeting that was meant to happen in pre-season.

 

Maybe the club feel that the supporters don't need to be consulted on this development, but I would argue that we as supporters are major stakeholders in this project.

 

 

I would hope that the club will now come out and tell us a little more about these plans.

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No.

 

Where did you get that idea?

No idea

 

but went back through your detective work (which was very good)

 

PTFC has 100 out of 596 'A' shares in Firhill Developments Limited (FDL). These 'A' shares are of nominal value (1p each) but confer voting rights, therefore the Club has a 16.78% say in any vote taken by the 'A' share holders. Three members of PTFC's current Board (Beattie, Allan, Dodd) hold, between them, 300 (50.33%) of these shares.

 

also stated we (the club) would see around £7k from a £1.6 million sale

 

Just as an example...

 

If the Main Stand and City End were sold to coincide with the fifth anniversary of the issue of FDL Preference shares, and the sale realised £1.6M for FDL, The Club would stand to receive £7762.

 

Happy to stand corrected if this is wrong.

Edited by Norgethistle
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No idea

 

but went back through your detective work (which was very good)

 

PTFC has 100 out of 596 'A' shares in Firhill Developments Limited (FDL). These 'A' shares are of nominal value (1p each) but confer voting rights, therefore the Club has a 16.78% say in any vote taken by the 'A' share holders. Three members of PTFC's current Board (Beattie, Allan, Dodd) hold, between them, 300 (50.33%) of these shares.

 

also stated we (the club) would see around £7k from a £1.6 million sale

 

£7762. Not much is it?

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