Jordanhill Jag Posted November 24, 2019 Report Share Posted November 24, 2019 2 hours ago, Fawlty Towers said: TBC’s priorities for the interim Board in the coming months are to ensure that the management team is supported in the January window and that the Club returns to its previous stability. It has also asked the PTFC Trust and Thistle for Ever group to work together to bring forward a workable model for fan ownership – under a new united banner – that will be developed with input from the Thistle fanbase. This will then be approved by TBC and the Thistle Board prior to the shares being transferred to fan ownership by 30th March 2020 at the latest. If work concludes sooner, the transfer will happen earlier. I would hope that when an opportunity to contribute comes up as many people as possible take it as for this to be a success we need all parts of the support to be on board with it. Whoa - what do you mean "previous stability " David Beattie and David Kelly had the place vert very stable on the Park & Off it TBC have NO PRIORITIES - 3BC have NO SAY in the Running of the Club - 3BC are a Shareholder - nothing more When did 3BC suddenly get a say in Running PTFC ? - Who are 3BC beyond owning Shares The BOD run PTFC not 3BC 3BC make No statements regards PTFC on any level - they have No more Rights than me as a Shareholder Quote Link to comment Share on other sites More sharing options...
jlsarmy Posted November 24, 2019 Report Share Posted November 24, 2019 1 hour ago, Jordanhill Jag said: Whoa - what do you mean "previous stability " David Beattie and David Kelly had the place vert very stable on the Park & Off it TBC have NO PRIORITIES - 3BC have NO SAY in the Running of the Club - 3BC are a Shareholder - nothing more When did 3BC suddenly get a say in Running PTFC ? - Who are 3BC beyond owning Shares The BOD run PTFC not 3BC 3BC make No statements regards PTFC on any level - they have No more Rights than me as a Shareholder Think they might have slightly more clout than you JJ with their 55% shareholding Quote Link to comment Share on other sites More sharing options...
Springburnjag Posted November 24, 2019 Report Share Posted November 24, 2019 10 minutes ago, jlsarmy said: Think they might have slightly more clout than you JJ with their 55% shareholding Add in the PTFC trust and they have 75%.... Quote Link to comment Share on other sites More sharing options...
Jordanhill Jag Posted November 24, 2019 Report Share Posted November 24, 2019 7 minutes ago, jlsarmy said: Think they might have slightly more clout than you JJ with their 55% shareholding I think you will find that my Rights as a Shareholder are identical to theirs - they can Vote -they can attend the AGM - they can if required draw up the legal document to remove Directors - beyond that they have no more "Clout" than I have - they are not the "Owners" nor does there majority Shareholding bestow any more rights than any other Shareholder or any position within the Club IN ANY SHAPE OR FORM And its legally incumbent upon the Board of Directors to fully comply with the Companies Act So if anyone thinks otherwise they may want to do some checking - Im honestly hoping some of the rumours flying about are untrue - ALL decisions are made by the BOD - 3BC do not exist in the structure of PTFC in any shape or form Quote Link to comment Share on other sites More sharing options...
Jordanhill Jag Posted November 24, 2019 Report Share Posted November 24, 2019 3 minutes ago, Springburnjag said: Add in the PTFC trust and they have 75%.... Again - PTFC Trust has ZERO to do with 3BC and are answerable to there members Are you suggesting that the Trust and 3BC are acting as one Voting Block ? And again the Trust only has Votes - at the AGM or to change Directors it has No other position Quote Link to comment Share on other sites More sharing options...
Springburnjag Posted November 24, 2019 Report Share Posted November 24, 2019 9 minutes ago, Jordanhill Jag said: Again - PTFC Trust has ZERO to do with 3BC and are answerable to there members Are you suggesting that the Trust and 3BC are acting as one Voting Block ? And again the Trust only has Votes - at the AGM or to change Directors it has No other position I think you are missing the reality that a bod are there to look after the interests of shareholders - yes I know all shareholders - and the biggest shareholders get more say .... and directors do represent blocks of shareholders this is a small private club not a plc Quote Link to comment Share on other sites More sharing options...
Pinhead Posted November 24, 2019 Report Share Posted November 24, 2019 Both Trusts need to become one and then everyone needs to stand down and face re-election to the new trust. Not sure those who are power hungry and who love the status would be willing to do so though! 1 Quote Link to comment Share on other sites More sharing options...
Jordanhill Jag Posted November 24, 2019 Report Share Posted November 24, 2019 (edited) 1 hour ago, Springburnjag said: I think you are missing the reality that a bod are there to look after the interests of shareholders - yes I know all shareholders - and the biggest shareholders get more say .... and directors do represent blocks of shareholders this is a small private club not a plc Wow are you really stating that - for the sake of the Board of Directors I hope that is not in any shape or form what they believe The Companies Act does not differentiate between what Shareholders you represent - if the Majority wish to remove the Board as they are not happy they can do so - They Can also write to the Board with written Instructions - the Board can decide what to do - debate it and Vote on it - this should be minuted at the Board Meetings If your suggesting that because we are not a PLC that a large Shareholder can hold sway or interfere with the Board your very very wrong and the Club Directors would be on Thin Ice if they think otherwise - if what your suggesting was to occur that would mean that having a Board is a meaningless exercise as the largest Shareholder is making the decisions - not the BOD ? So is that what your suggesting ? Edited November 24, 2019 by Jordanhill Jag Quote Link to comment Share on other sites More sharing options...
Norgethistle Posted November 24, 2019 Report Share Posted November 24, 2019 2 hours ago, Springburnjag said: Add in the PTFC trust and they have 75%.... Who has decided to give TFE the trusts shares Quote Link to comment Share on other sites More sharing options...
ian_mac Posted November 24, 2019 Report Share Posted November 24, 2019 springburnjag if you are anything to do with the PTFC trust or TFE I would suggest you are digging huge hole for yourself today. Quote Link to comment Share on other sites More sharing options...
Springburnjag Posted November 24, 2019 Report Share Posted November 24, 2019 35 minutes ago, Jordanhill Jag said: Wow are you really stating that - for the sake of the Board of Directors I hope that is not in any shape or form what they believe The Companies Act does not differentiate between what Shareholders you represent - if the Majority wish to remove the Board as they are not happy they can do so - They Can also write to the Board with written Instructions - the Board can decide what to do - debate it and Vote on it - this should be minuted at the Board Meetings If your suggesting that because we are not a PLC that a large Shareholder can hold sway or interfere with the Board your very very wrong and the Club Directors would be on Thin Ice if they think otherwise - if what your suggesting was to occur that would mean that having a Board is a meaningless exercise as the largest Shareholder is making the decisions - not the BOD ? So is that what your suggesting ? Ffs individual directors can ‘represent ‘ shareholders on a board if the board have 55% of the shares good luck with trying to overturn their decision have you the funds to take the club to court ? Quote Link to comment Share on other sites More sharing options...
Springburnjag Posted November 24, 2019 Report Share Posted November 24, 2019 7 minutes ago, Norgethistle said: Who has decided to give TFE the trusts shares Don’t know Quote Link to comment Share on other sites More sharing options...
Springburnjag Posted November 24, 2019 Report Share Posted November 24, 2019 2 minutes ago, ian_mac said: springburnjag if you are anything to do with the PTFC trust or TFE I would suggest you are digging huge hole for yourself today. But I’m not connected to either in any way Quote Link to comment Share on other sites More sharing options...
ian_mac Posted November 24, 2019 Report Share Posted November 24, 2019 3 minutes ago, Springburnjag said: But I’m not connected to either in any way I guess we'll never know. Quote Link to comment Share on other sites More sharing options...
Springburnjag Posted November 24, 2019 Report Share Posted November 24, 2019 (edited) 3 minutes ago, ian_mac said: I guess we'll never know. I just told you so you do know ... who are you connected to ? Edited November 24, 2019 by Springburnjag 1 Quote Link to comment Share on other sites More sharing options...
Jordanhill Jag Posted November 24, 2019 Report Share Posted November 24, 2019 11 minutes ago, Springburnjag said: Ffs individual directors can ‘represent ‘ shareholders on a board if the board have 55% of the shares good luck with trying to overturn their decision have you the funds to take the club to court ? OOFT Directors represent Shareholders plural - not a specific Group ? The Board dont have 55% of the shares - 3BC have 55% they are not the Board ? or are you trying to argue they are one in the same I dont need to take anyone to Court ? Why would I need to take someone to Court ? Quote Link to comment Share on other sites More sharing options...
Springburnjag Posted November 24, 2019 Report Share Posted November 24, 2019 Just now, Jordanhill Jag said: OOFT Directors represent Shareholders plural - not a specific Group ? The Board dont have 55% of the shares - 3BC have 55% they are not the Board ? or are you trying to argue they are one in the same I dont need to take anyone to Court ? Why would I need to take someone to Court ? Yes a director can represent a specific group in a board but still have a Responsibility to all shareholders I’m surprised you don’t know that no I’m trying to say the obvious that any decision of the board cannot be overturned by shareholders because at least 55% if shareholders would vote against so it won’t happen legal action would be the only remedy available Quote Link to comment Share on other sites More sharing options...
jaf Posted November 25, 2019 Report Share Posted November 25, 2019 3 minutes ago, Springburnjag said: Yes a director can represent a specific group in a board but still have a Responsibility to all shareholders I’m surprised you don’t know that no I’m trying to say the obvious that any decision of the board cannot be overturned by shareholders because at least 55% if shareholders would vote against so it won’t happen legal action would be the only remedy available There are two major reasons why, in my opinion, it is in the best interests of Partick thistle supporters to NOT transfer the ptfc trust shares into a single parcel with the tfe ones and , if anyone will listen, I will make those representations when there is an opportunity to do so. Some of the answers in this thread just prove the point unequivocally though. 2 Quote Link to comment Share on other sites More sharing options...
elevenone Posted November 25, 2019 Report Share Posted November 25, 2019 Glad this never came to fruition otherwise Colin would be skint by now. https://www.thescottishsun.co.uk/news/4991380/rangers-craig-whyte-euromillions-winner-colin-christine-weir/ Quote Link to comment Share on other sites More sharing options...
scotty Posted November 25, 2019 Author Report Share Posted November 25, 2019 (edited) 6 hours ago, jaf said: There are two major reasons why, in my opinion, it is in the best interests of Partick thistle supporters to NOT transfer the ptfc trust shares into a single parcel with the tfe ones and , if anyone will listen, I will make those representations when there is an opportunity to do so. Some of the answers in this thread just prove the point unequivocally though. Would be helpful if you could expand on this. (the bit about keeping the shares seperate not this thread as that's obvious) Edited November 25, 2019 by scotty Quote Link to comment Share on other sites More sharing options...
Springburnjag Posted November 25, 2019 Report Share Posted November 25, 2019 7 hours ago, jaf said: There are two major reasons why, in my opinion, it is in the best interests of Partick thistle supporters to NOT transfer the ptfc trust shares into a single parcel with the tfe ones and , if anyone will listen, I will make those representations when there is an opportunity to do so. Some of the answers in this thread just prove the point unequivocally though. I’m not sure tfe have any shares Quote Link to comment Share on other sites More sharing options...
allyo Posted November 25, 2019 Report Share Posted November 25, 2019 (edited) I think what has to be recognised here is that a football chat forum is not an appropriate platform from which to run a football club. The Weir deal appears to be a great opportunity for the club but it also places a great deal of responsibility on the fans. In this respect, the slightly toxic, sniping, point-scoring atmosphere that the internet appears to create will not be helpful. We're obviously at a very early stage; but there appears to be a lot of relevant business, legal, financial and management experience here. I'm hopeful that the right people will step up and engage personally, to take things forward in the most positive way that they see fit, and not be put off before we even get started. Edited November 25, 2019 by allyo 7 Quote Link to comment Share on other sites More sharing options...
Norgethistle Posted November 25, 2019 Report Share Posted November 25, 2019 39 minutes ago, allyo said: I think what has to be recognised here is that a football chat forum is not an appropriate platform from which to run a football club. The Weir deal appears to be a great opportunity for the club but it also places a great deal of responsibility on the fans. In this respect, the slightly toxic, sniping, point-scoring atmosphere that the internet appears to create will not be helpful. We're obviously at a very early stage; but there appears to be a lot of relevant business, legal, financial and management experience here. I'm hopeful that the right people will step up and engage personally, to take things forward in the most positive way that they see fit, and not be put off before we even get started. Out of likes. I agree this is a great opportunity, but it’s critical that it’s not squandered. Transparency is key, as is accountability to the fans if this is to be a true fan run club. Those running it need to be running it for the fans, not themselves, not a Trust and not 3BC and should be elected by and answerable to the fans first and foremost. 3 Quote Link to comment Share on other sites More sharing options...
jaf Posted November 25, 2019 Report Share Posted November 25, 2019 2 hours ago, Springburnjag said: I’m not sure tfe have any shares Sorry that should have said 3BC ones. Too many acronyms! Quote Link to comment Share on other sites More sharing options...
Springburnjag Posted November 25, 2019 Report Share Posted November 25, 2019 34 minutes ago, Norgethistle said: Out of likes. I agree this is a great opportunity, but it’s critical that it’s not squandered. Transparency is key, as is accountability to the fans if this is to be a true fan run club. Those running it need to be running it for the fans, not themselves, not a Trust and not 3BC and should be elected by and answerable to the fans first and foremost. As far as I know that’s the plan so let’s hope that’s how it turns out Quote Link to comment Share on other sites More sharing options...
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