Jags Fan Share

[Col]

Just to see what people think about doing something like this for the Jags:

http://www.arsenalfanshare.com/about-us/what-is-arsenal-fanshare

 

If there is enough interest we would be looking to start it up quite soon, so let us know if you would be interested.

 

*Will post more details of how it will work later, but not much different from the Arsenal model.

 

Cheers

[twinny]

Might be an alternative for those who want to see bigger fan representation but have lost faith in the Centenary Fund. £95 in one go is still alot to ask for the fans to pay (assuming a similar figure would be used).

[Col]

Might be an alternative for those who want to see bigger fan representation but have lost faith in the Centenary Fund. £95 in one go is still alot to ask for the fans to pay (assuming a similar figure would be used).

 

Yeah I agree £95 is a bit steep. It would probably work out a lot cheaper for us though as our shares don't cost as much. Would need to do the sums but it should be a lot cheaper than £95.

 

Cheers

[Allan Heron]

Absolutely.

 

Making it easier by whatever means to allow fans to buy shares in the club has been raised with the club previously but has always been passed into the "too difficult" box. But this type of scheme (which I imagine will be similar to the Sharesave scheme operated by Rangers) would be an excellent way to allow all of us to become part owners of the club.

 

One of the arguments used against this was the excessive start up costs but there are a few of these schemes already approved by the relevant authorities so I'm sure there's something that could be used virtually off the shelf which would cut down considerably on this.

 

And I'd be more happy to pass my money to the club in this meaningful way than I would to continue with the Centenary Fund.

[stillresigned]

Sounds reasonable on the face of it and I for one would be interested. The only caveat I have is similar to what's already been expressed ie a figure slightly lower than £95 so any scheme can be as inclusive as possible.

[mrD]

seems like there is a few options worth considering (check out the thread ive started as well). maybe we should get a fans public meeting to thrash out some plan??

[Gary Peebles Tackle]

seems like there is a few options worth considering (check out the thread ive started as well). maybe we should get a fans public meeting to thrash out some plan??

 

I'd be interested as well - think that it's the way forward for all clubs, especially the smaller clubs like ours.

[Col]

Just to give an idea about the costs involved in this.

 

At the moment shares in PTFC are being offered at 40p per share. But you need to buy at least 1000 at a time.

 

So, if even just 100 fans paid £20, that would give us £2,000.

 

That would get us 5,000 shares. Split between the 100 fans, that means you are getting 50 full shares for £20.

 

Cheers

[McKennan]

Just to give an idea about the costs involved in this.

 

At the moment shares in PTFC are being offered at 40p per share. But you need to buy at least 1000 at a time.

 

So, if even just 100 fans paid £20, that would give us £2,000.

 

That would get us 5,000 shares. Split between the 100 fans, that means you are getting 50 full shares for £20.

 

Cheers

 

 

Okay, clarification time if people are going to part with their money. Who is 'us'?

[Big Dave]

Good idea. I'm in.

[Lionel J. Botch]

who are we buying shares from?

[kni]

who are we buying shares from?

 

 

Good question. My guess is that the directors are diluting their shares through a rights issue. i would not put a penny into a club run by Cowan and his clowns. They must resign and sell their shares to the fans. Good riddance to the morons who have jeopardised the future of our club yet again. Then we can sack Fat Bunter who could not organise a party in his own pub.

 

 

[SirJohnLambie]

Maybe I don't understand all this share stuff but say if we have 50 full shares what does this mean, what can we do with these share? Who are selling these shares? How many shares does the other director have?

Is there any way to find this out?

[twinny]

Maybe I don't understand all this share stuff but say if we have 50 full shares what does this mean, what can we do with these share? Who are selling these shares? How many shares does the other director have?

Is there any way to find this out?

 

It would be good to be reminded of which directors have what amount of shares and what type, it would let us know whether an exercise such as this is a good one. In the past there have been comments like "If 100 people donated £20..." with regards to charitable donations, however if we could discover what we get in return it would really encourage people to part with their money. Also, as said above - who is buying it? WeAreThistle? Or the Trust?

 

I think this is the time for people to rally behind the trust, and this is the time to finally get it right. Things have looked much more positive from them in the last couple of weeks, they have a meeting on Friday (IIRC), so let's hear what the club have to say and move quickly once we know the full picture (provided the cub give us the full picture!).

[Munkey]

I think this is the time for people to rally behind the trust, and this is the time to finally get it Things have looked much more positive from them in the last couple of weeks, they have a meeting on Friday (IIRC),

 

Yeah things have looked allot more positive, like the position of Board rep being brought into question. And in essence bringing into doubt all of the trusts influence,( if they have any) in the club.

The purchase of shares has only one aim. To give money to the club. They will never mature in value, And will never, ever give any return other than some pride in owning a bit of PTFC.

In fact a price of 40p seems over inflated, as they were originally priced at 10p? And I don’t see how they can be worth any more than they were originally. As the club is making a loss, has reduced its assets, and there is zero confidence in the ability of the board.

[Chaz]

It would be good to be reminded of which directors have what amount of shares and what type, it would let us know whether an exercise such as this is a good one. In the past there have been comments like "If 100 people donated £20..." with regards to charitable donations, however if we could discover what we get in return it would really encourage people to part with their money. Also, as said above - who is buying it? WeAreThistle? Or the Trust?

 

We are planning to post more details for this over the next few days.

 

This will hopefully be a joint venture between the forum and the trust but we are waiting until after Friday’s meeting to discuss this in more detail with them.

 

Hope this helps in the meantime but we hope to be able to give more info by the end of this week.

 

Cheers

[Steven H]

We are planning to post more details for this over the next few days.

 

This will hopefully be a joint venture between the forum and the trust but we are waiting until after Friday’s meeting to discuss this in more detail with them.

 

Hope this helps in the meantime but we hope to be able to give more info by the end of this week.

 

Cheers

 

If A shares are £1 each and B shares are 10p each, what type of shares would we be buying at 40p each? Are they reduced price A shares, over-priced B shares or a different category of share altogether?

[Col]

Hello,

 

Just wanted to post an update on this. We've asked the club for a breakdown of share prices but they are understandably busy at the moment, hopefully we will have this information within the next few days though.

 

We still want to go ahead with this and are currently in discussion with business gateway to find out the best way to go about setting it up. It will basically be a way for all of us to put our money together to buy shares in the club. The shares will be held by the group, not the individual, but we will have an elected member to represent those shares.

 

The short term aim would be to raise money for the club at a crucial time and buy shares in the club we love as a group of fans. The long term aim of this would be to have complete fan ownership of the club with a fully elected board and chairman etc. All decisions made by our group will be voted on by all members and all board members for the group will be democratically elected by the members to ensure better fan representation.

 

As well as buying shares we will also be looking at other ways to raise funds for the club and we are currently setting up a fundraising website which will include information on how to raise money for Thistle, template sponsorship forms, event organizers, downloadable materials and much more. The aim is to encourage everyone to do a bit of fundraising and raise some money for Thistle. We also hope to have a few "big" fundraising events, more details to follow though. And also, any ideas you have would be more than welcome.

 

Hopefully everyone will want to get behind this idea as we really need every Jags fan to get involved if this is going to work. The more fans we get joined up the stronger our voice becomes and the more representitive we become of the wider Thistle support.

 

If you are interested in getting involved with setting this up please PM us to let us know.

 

Cheers

[Allan Heron]

Hello,

 

Just wanted to post an update on this. We've asked the club for a breakdown of share prices but they are understandably busy at the moment, hopefully we will have this information within the next few days though.

 

We still want to go ahead with this and are currently in discussion with business gateway to find out the best way to go about setting it up. It will basically be a way for all of us to put our money together to buy shares in the club. The shares will be held by the group, not the individual, but we will have an elected member to represent those shares.

 

The short term aim would be to raise money for the club at a crucial time and buy shares in the club we love as a group of fans. The long term aim of this would be to have complete fan ownership of the club with a fully elected board and chairman etc. All decisions made by our group will be voted on by all members and all board members for the group will be democratically elected by the members to ensure better fan representation.

 

As well as buying shares we will also be looking at other ways to raise funds for the club and we are currently setting up a fundraising website which will include information on how to raise money for Thistle, template sponsorship forms, event organizers, downloadable materials and much more. The aim is to encourage everyone to do a bit of fundraising and raise some money for Thistle. We also hope to have a few "big" fundraising events, more details to follow though. And also, any ideas you have would be more than welcome.

 

Hopefully everyone will want to get behind this idea as we really need every Jags fan to get involved if this is going to work. The more fans we get joined up the stronger our voice becomes and the more representitive we become of the wider Thistle support.

 

If you are interested in getting involved with setting this up please PM us to let us know.

 

Cheers

 

You do realise that you are effectively looking to set up the same mechanism as exists in the JagsTrust. Most of the procedural hoo-ha that annoys people about the Trust is largely based around the legal mechanism to allow a group of individuals to own shares collectively. The Supporters Direct model already offers an off the shelf mechanism that meets all the legal niceties

 

Certainly, in the light of what's happened over the past number of days setting up a new organisation of this nature from scratch is a valid route and leaves those who would seemingly wish to keep looking backwards happy in their own litte bubble whilst remaining ineffective.

 

(And just to complete the range of options, setting up a supporters organisation that explicitly does not want to own shares would allow a less stringent organisation. Worth noting that a number of clubs have both a Trust and other supporters organisations existing side by side without rancour - although I'm sure some do like a good barney!!

[Jaggernaut]

I've already got A shares and B shares, which I consider to be money into a black hole/ a donation. No more of that from me, I'm afraid. I'd be more likely to make a donation for signing a specific player, or shirt sponsorship etc.

[lady-isobel-barnett]

I've already got A shares and B shares, which I consider to be money into a black hole/ a donation. No more of that from me, I'm afraid. I'd be more likely to make a donation for signing a specific player, or shirt sponsorship etc.

Thinking likewise tho' I don't own any shares, but I am a member of a crumblin' organisation that's supposed to own a million.

I'll keep an open mind about this but I too prefer targeted ring fenced ideas like signing a player, youth team etc.

Now if the McMaster shares were up for grabs

[Col]

Thanks for the comments. We're not looking to replace the Trust and the idea was originally to do this in partnership with the Trust. We just feel that with the current resignations and the "baggage" attached to the Trust we don't know what will happen to it, and we have no choice now but to try and set something up ourselves. We would have done this a while ago but felt that the members who have just left the Trust were making a positive impact and would have rather have worked with them.

 

We find ourselves in a situation now where the Jags Trust represents a minority of the Thistle support but is the only vehicle to impress any change at the club as a fan. Whatever group is formed we would aim to be representitive of the entire Thistle support so that our opinion actually holds some weight and is truly representitive of what the fans want. The members would choose who the Chairman of the group would be and who (if anyone) would represent them at Club board level.

 

All decisions/elections would be decided by majority vote. It's the fans that make this club what it is and so it should be the fans that make the important decisions about the club's future. The voting system would be a simple online poll and would be anonymous.

 

We like the idea of splitting it to keep the shares and fan association separate and this is defo something we would look at.

 

If we set up a fan association, however, the share scheme, sponsorship fund and the fundraising would all be part of it. We would have free membership to join the association then only if you choose to would you pay money towards fundraising, sponsorship or shares.

 

The shares scheme was mainly to enable fans to buy shares in PTFC. And we could just leave it at that? The reason we would combine the shares would just be to make our shares a large shareholding and therefore give us some combined influence at board level. This also removes any difficulties with people owning shares when it comes to tax returns etc. We are also big supporters of fan ownership and if that was possible through this scheme then we would look very seriously at it. At the moment we are in discussion with Business Gateway to work out the best way to set up and what all the legalities are. Will check out Supporters Direct and maybe give them an email as well. We are also going to be contacting someone from Stirling Albion to discuss the fan ownership issue.

 

For the fundraising side of things we would split all money raised from general donations between the Players Budget and running costs. We would also allow people to choose to donate specifically into the players budget, money to the club or towards youth development. We will tie in all the fundraising with this and put on a few special events which will be targeted at raising money for either the players or the youth development.

 

We aren't saying we have all the answers but we are saying something needs to happen. Ideally we would like to have something up and running in time for the new year. But we want everyone involved, this is for Thistle fans and we want all fans to help in setting it up and running it.

 

If you think you can help out please just let us know.

[falklandal1]

Thanks for the comments. We're not looking to replace the Trust and the idea was originally to do this in partnership with the Trust. We just feel that with the current resignations and the "baggage" attached to the Trust we don't know what will happen to it, and we have no choice now but to try and set something up ourselves. We would have done this a while ago but felt that the members who have just left the Trust were making a positive impact and would have rather have worked with them.

 

We find ourselves in a situation now where the Jags Trust represents a minority of the Thistle support but is the only vehicle to impress any change at the club as a fan. Whatever group is formed we would aim to be representitive of the entire Thistle support so that our opinion actually holds some weight and is truly representitive of what the fans want. The members would choose who the Chairman of the group would be and who (if anyone) would represent them at Club board level.

 

All decisions/elections would be decided by majority vote. It's the fans that make this club what it is and so it should be the fans that make the important decisions about the club's future. The voting system would be a simple online poll and would be anonymous.

 

We like the idea of splitting it to keep the shares and fan association seperate and this is defo something we would look at.

 

If we set up a fan association, however, the share scheme, sponsorship fund and the fundraising would all be part of it. We would have free membership to join the association then only if you choose to would you pay money towards fundraising, sponsorship or shares.

 

The shares scheme was mainly to enable fans to buy shares in PTFC. And we could just leave it at that? The reason we would combine the shares would just be to make our shares a large shareholding and therefore give us some combined influence at board level. This also removes any difficulties with people owning shares when it comes to tax returns etc. We are also big supporters of fan ownership and if that was possible through this scheme then we would look very seriously at it. At the moment we are in discussion with Business Gateway to work out the best way to set up and what all the legalities are. Will check out Supporters Direct and maybe give them an email as well. We are also going to be contacting someone from Stirling Albion to discuss the fan ownership issue.

 

For the fundraising side of things we would split all money raised from general donations between the Players Budget and Money to the club. We would also allow people to choose to donate specifically into the players budget, money to the club or towards youth development. We will tie in all the fundraising with this and put on a few special events which will be targeted at raising money for either the players or the youth development.

 

We aren't saying we have all the answers but we are saying something needs to happen. Ideally we would like to have something up and running in time for the new year. But we want everyone involved, this is for Thistle fans and we want all fans to help in setting it up and running it.

 

If you think you can help out please just let us know.

 

working in the falklands for the best part of the year i am a bit isolated,however i am more than willing to put a few bob into this,something needs to happen quickly under the "new regime",if things dont happen fairly quickly we will not recover from our downward spiral.

[Duntocher jag]

Hey Guys!

Im new to this forum and would be interested in the fan share scheme, its just to see if its going ahead or some more info?

 

Cheers Guys