Jordanhill Jag Posted December 1, 2019 Report Share Posted December 1, 2019 1 hour ago, scotty said: But we're not talking about shareholdings we're looking at the organisation of the football club. The Football Club is a Limited Company and governed by the Companies Act ( which some people seem to be missing ) 2 Quote Link to comment Share on other sites More sharing options...
Semi Nurainen Posted December 1, 2019 Report Share Posted December 1, 2019 14 minutes ago, Jordanhill Jag said: The Football Club is a Limited Company and governed by the Companies Act ( which some people seem to be missing ) +1 Quote Link to comment Share on other sites More sharing options...
scotty Posted December 1, 2019 Report Share Posted December 1, 2019 So what does the Companies Act say about how a trust holding shares for fans operates? Which is what we were talking about. Not what the directors who are appointed to the board do. Quote Link to comment Share on other sites More sharing options...
Garscube Road End Posted December 1, 2019 Report Share Posted December 1, 2019 (edited) 4 hours ago, allyo said: Ah well hang on. There was a girl with a saxophone with him, right enough Was she a sexy saxophonist? Edited December 1, 2019 by Garscube Road End Quote Link to comment Share on other sites More sharing options...
Jordanhill Jag Posted December 1, 2019 Report Share Posted December 1, 2019 4 hours ago, scotty said: So what does the Companies Act say about how a trust holding shares for fans operates? Which is what we were talking about. Not what the directors who are appointed to the board do. The Shareholding Vehicle doesn't impact on how the Company Operates - there are obviously rules of Corporate Governance for any Trust but by and large the Limited Company operates the same way as any other Company - Board of Directors being responsible solely Quote Link to comment Share on other sites More sharing options...
jaf Posted December 1, 2019 Report Share Posted December 1, 2019 14 hours ago, scotty said: The only difficulty I see with this is that the club will then be owned by two fans' organisations. Fans will be able to join one or both organisations and therefore the checks and balances could be negated. Perhaps if the two organisations had different roles. one fundraising and the other management it could work. Not for the first time we seem in totally different wavelengths. your post was about the merits or rather demerits of separate ownership by two fans organisations how any owner - trust or otherwise - achieves ownership is by being a shareholder my point was then about a merit to counter your demerits Then you claim that’s not what was being talked about! I’m completely lost following the logic but I’m sure you will be right Quote Link to comment Share on other sites More sharing options...
ScottyDFA Posted December 2, 2019 Report Share Posted December 2, 2019 14 hours ago, BowenBoys said: My identity is fairly well known. I worked with Jim's nephew many years ago. He was very nice too. Jim Oliver, or Jim Bowen? Quote Link to comment Share on other sites More sharing options...
scotty Posted December 2, 2019 Report Share Posted December 2, 2019 (edited) 7 hours ago, jaf said: Not for the first time we seem in totally different wavelengths. your post was about the merits or rather demerits of separate ownership by two fans organisations how any owner - trust or otherwise - achieves ownership is by being a shareholder my point was then about a merit to counter your demerits Then you claim that’s not what was being talked about! I’m completely lost following the logic but I’m sure you will be right Sorry, we have come at this from two different directions. I was thinking about the two fans organisations. The same fan will be able to join both, so if a number of them want to push the club in a certain direction then they can use their votes to push things in their way. But if the other organisation want things to go in a different way then the crossover could make the situation unworkable. We are talking about shareholdings held by groups of people not individuals. I don't know how rules to protect minority shareholders can help if there are conflicts outwith the boardroom. Maybe you can clarify for me. Edited December 2, 2019 by scotty spelling Quote Link to comment Share on other sites More sharing options...
jagfox Posted December 2, 2019 Report Share Posted December 2, 2019 Some fans won't be able to join the PTFC Trust under its current entry requirements. I meet them but still haven't been registered. Quote Link to comment Share on other sites More sharing options...
BowenBoys Posted December 2, 2019 Report Share Posted December 2, 2019 7 hours ago, ScottyDFA said: Jim Oliver, or Jim Bowen? Oliver. I'm sure we all think of JB at 4.45 on Saturdays when we look at what we could have won. Quote Link to comment Share on other sites More sharing options...
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