javeajag Posted December 18, 2019 Report Share Posted December 18, 2019 2 minutes ago, Jordanhill Jag said: Incorrect - I said High Nett Worth - there is a difference Actually you didn’t as I quoted you .....but who are these people ? Where are they ? Quote Link to comment Share on other sites More sharing options...
javeajag Posted December 18, 2019 Report Share Posted December 18, 2019 2 minutes ago, Norgethistle said: And we are left with an Omni shambles Always negative Quote Link to comment Share on other sites More sharing options...
Lenziejag Posted December 18, 2019 Report Share Posted December 18, 2019 4 hours ago, javeajag said: David Beattie I thought he was just one of several shareholders prior to that other benefactor buying the shares Quote Link to comment Share on other sites More sharing options...
Jordanhill Jag Posted December 18, 2019 Report Share Posted December 18, 2019 1 minute ago, javeajag said: Actually you didn’t as I quoted you .....but who are these people ? Where are they ? I think you will find I referred to there Nett Worth We have the Previous Board Under David Beattie as a Core - and gradually bring on New Directors So there is a Plan B and it should be seriously considered - as Plan A carries massive risk Quote Link to comment Share on other sites More sharing options...
Norgethistle Posted December 18, 2019 Report Share Posted December 18, 2019 5 minutes ago, Jordanhill Jag said: There are other viable options rather than whats being proposed - therefore whats being proposed is not the only route that needs to be taken and carries very very high risk for the Club - ALL options should be considered including Not Proceeding Totally agree Quote Link to comment Share on other sites More sharing options...
Norgethistle Posted December 18, 2019 Report Share Posted December 18, 2019 4 minutes ago, javeajag said: Always negative Wind it in Quote Link to comment Share on other sites More sharing options...
javeajag Posted December 18, 2019 Report Share Posted December 18, 2019 Just now, Jordanhill Jag said: I think you will find I referred to there Nett Worth We have the Previous Board Under David Beattie as a Core - and gradually bring on New Directors So there is a Plan B and it should be seriously considered - as Plan A carries massive risk A plan ? No it’s an idea Quote Link to comment Share on other sites More sharing options...
javeajag Posted December 18, 2019 Report Share Posted December 18, 2019 Just now, Norgethistle said: Totally agree You mean David Beattie in trying to sell the club didn’t pursue all options ? Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted December 18, 2019 Report Share Posted December 18, 2019 Jim, did you not have issues with directors who were not shareholders previously. The phrase "no skin in the game" comes to mind? If the consortium was not an option the shareholders, whom we were told often would do what was best for PTFC, did not have to sell to 3BC but they did. 1 Quote Link to comment Share on other sites More sharing options...
scotty Posted December 18, 2019 Report Share Posted December 18, 2019 (edited) 11 minutes ago, Jordanhill Jag said: I think you will find I referred to there Nett Worth We have the Previous Board Under David Beattie as a Core - and gradually bring on New Directors So there is a Plan B and it should be seriously considered - as Plan A carries massive risk So if David Beattie and the previous board were willing to invest further in the club then why didn't they? They sold up. We need to move on! Edited December 18, 2019 by scotty Quote Link to comment Share on other sites More sharing options...
allyo Posted December 18, 2019 Report Share Posted December 18, 2019 34 minutes ago, Jordanhill Jag said: There was nothing stopping them being asked to stay on as Directors - just because they sold there Shares doesn't mean they wouldn't be willing to remain as Directors - so what your stating is misleading So there is a group of people who have been fairly successful in running the club. I would have no problem with them running the club again. But previously they were running a club that they owned. They don't own it now. The current owners don't want to hold on to possession of the club. They want to pass it on to "fan ownership" (which is as yet undefined). And however it works out, that fan ownership is going to need people to run the club. I'd just like to understand what you are suggesting. Is it that, under a fan ownership model, the old board are assigned as a new board? Or that 3BC holds on to the club, and the old board runs it for them, without fan ownership transfer? I don't see how either of these would be likely, but I'm interested to understand what you are suggesting. Quote Link to comment Share on other sites More sharing options...
dl1971 Posted December 18, 2019 Report Share Posted December 18, 2019 1 hour ago, Fawlty Towers said: Jim, did you not have issues with directors who were not shareholders previously. The phrase "no skin in the game" comes to mind? If the consortium was not an option the shareholders, whom we were told often would do what was best for PTFC, did not have to sell to 3BC but they did. Ah now I get it. I buy a house. Then give the house back to the people I paid good money for it. Plus they keep the profit between the original share value and current share value. Good business indeed. Quote Link to comment Share on other sites More sharing options...
Norgethistle Posted December 19, 2019 Report Share Posted December 19, 2019 2 hours ago, javeajag said: You mean David Beattie in trying to sell the club didn’t pursue all options ? David Beattie was the minority shareholder in the 55%. Vilify him all you wish but his tenure on the board was when our club had its most success in 40 years and financially was turning a profit. Lets see if your fan takeover charlatan can bring the same level of success to our club Quote Link to comment Share on other sites More sharing options...
Jordanhill Jag Posted December 19, 2019 Report Share Posted December 19, 2019 3 hours ago, Fawlty Towers said: Jim, did you not have issues with directors who were not shareholders previously. The phrase "no skin in the game" comes to mind? If the consortium was not an option the shareholders, whom we were told often would do what was best for PTFC, did not have to sell to 3BC but they did. Martin - we require an interim Board which can Transfer the Running of the Club to a different Model of circa Two Years - those taking over will need to have an experienced Board to work with as the Model is developed and we utilise there Contacts and Experience - whatismore they are Thistle Men What is being proposed currently isn't going to Work its as simple as that Quote Link to comment Share on other sites More sharing options...
Jordanhill Jag Posted December 19, 2019 Report Share Posted December 19, 2019 4 hours ago, javeajag said: A plan ? No it’s an idea Its a Workable Solution as the Current Proposals have More Holes than a Dick Campbell Back 4 Quote Link to comment Share on other sites More sharing options...
Jordanhill Jag Posted December 19, 2019 Report Share Posted December 19, 2019 3 hours ago, scotty said: So if David Beattie and the previous board were willing to invest further in the club then why didn't they? They sold up. We need to move on! We need a Proper Experienced Transition Board and gradual changeover Quote Link to comment Share on other sites More sharing options...
Jordanhill Jag Posted December 19, 2019 Report Share Posted December 19, 2019 2 hours ago, dl1971 said: Ah now I get it. I buy a house. Then give the house back to the people I paid good money for it. Plus they keep the profit between the original share value and current share value. Good business indeed. It has zero to do with Ownership its about Skills - Experience - Contacts - do you have a better Plan ? Or Better People - if so state it /them Quote Link to comment Share on other sites More sharing options...
Jordanhill Jag Posted December 19, 2019 Report Share Posted December 19, 2019 3 hours ago, allyo said: So there is a group of people who have been fairly successful in running the club. I would have no problem with them running the club again. But previously they were running a club that they owned. They don't own it now. The current owners don't want to hold on to possession of the club. They want to pass it on to "fan ownership" (which is as yet undefined). And however it works out, that fan ownership is going to need people to run the club. I'd just like to understand what you are suggesting. Is it that, under a fan ownership model, the old board are assigned as a new board? Or that 3BC holds on to the club, and the old board runs it for them, without fan ownership transfer? I don't see how either of these would be likely, but I'm interested to understand what you are suggesting. For a Period of circa Two Years the Old Board Run the Club with a Gradual Move towards Fan Ownership when a Proper Structure and Experienced People are identified - Shares are assigned to the Fans but Running of the Club is by Experienced Directors and Gradual Change Quote Link to comment Share on other sites More sharing options...
scotty Posted December 19, 2019 Report Share Posted December 19, 2019 4 hours ago, Jordanhill Jag said: For a Period of circa Two Years the Old Board Run the Club with a Gradual Move towards Fan Ownership when a Proper Structure and Experienced People are identified - Shares are assigned to the Fans but Running of the Club is by Experienced Directors and Gradual Change If this was ever a possibility then why didn't anyone on the old board ever put it forward as an alternative? The silence from them since the meet the manager with Caldwell (and even before that in Mr Beattie's case) has been complete. Are we to believe that you and Norge are their spokespersons or are you just throwing in non-starters as diversions and mischief making? Quote Link to comment Share on other sites More sharing options...
javeajag Posted December 19, 2019 Report Share Posted December 19, 2019 6 hours ago, Norgethistle said: David Beattie was the minority shareholder in the 55%. Vilify him all you wish but his tenure on the board was when our club had its most success in 40 years and financially was turning a profit. Lets see if your fan takeover charlatan can bring the same level of success to our club I wasn’t doing anything other than stating the obvious .....we are only here because our shareholders wanted to cash in and they did i am not aware that they tried all options to find other buyers or put in transition boards or anything else they only sold to Colin weir when the sfa knocked the idiot at Barnsley back You guys need to engage with Colin weir Quote Link to comment Share on other sites More sharing options...
javeajag Posted December 19, 2019 Report Share Posted December 19, 2019 5 hours ago, Jordanhill Jag said: Martin - we require an interim Board which can Transfer the Running of the Club to a different Model of circa Two Years - those taking over will need to have an experienced Board to work with as the Model is developed and we utilise there Contacts and Experience - whatismore they are Thistle Men What is being proposed currently isn't going to Work its as simple as that You need to engage with Colin weir and the thistle working group if you gave any ideas Quote Link to comment Share on other sites More sharing options...
javeajag Posted December 19, 2019 Report Share Posted December 19, 2019 5 hours ago, Jordanhill Jag said: For a Period of circa Two Years the Old Board Run the Club with a Gradual Move towards Fan Ownership when a Proper Structure and Experienced People are identified - Shares are assigned to the Fans but Running of the Club is by Experienced Directors and Gradual Change Btw who has ruled this out ? maybe all this old board members with the club at heart will volunteer ? Quote Link to comment Share on other sites More sharing options...
Dick Dastardly Posted December 19, 2019 Report Share Posted December 19, 2019 Has anyone asked David Beattie & co if they want to run the club again ? It strikes me that they have now given up running the club twice, so I don’t see any desire there Quote Link to comment Share on other sites More sharing options...
dl1971 Posted December 19, 2019 Report Share Posted December 19, 2019 (edited) 6 hours ago, Jordanhill Jag said: It has zero to do with Ownership its about Skills - Experience - Contacts - do you have a better Plan ? Or Better People - if so state it /them I confess I have no plan. But I'm fairly positive that there are some very good professional people out there with importantly, the club at heart who will do their utmost to make it work. Who knows they may even be better than what went before. I'll also confess that I dont have the skillset or time to devote to assisting ( huge sigh of relief from forum lol ). Whatever plan does evolve I'll support it the best I can. Final thought.....just imagine right now if we didn't have access to Mr Weirs funding for the last few years.....yep far worse off than we are now. Edited December 19, 2019 by dl1971 Typo 1 Quote Link to comment Share on other sites More sharing options...
allyo Posted December 19, 2019 Report Share Posted December 19, 2019 7 hours ago, Jordanhill Jag said: For a Period of circa Two Years the Old Board Run the Club with a Gradual Move towards Fan Ownership when a Proper Structure and Experienced People are identified - Shares are assigned to the Fans but Running of the Club is by Experienced Directors and Gradual Change Thanks. I must admit, that sounds like quite a good situation to me. Not sure whether the people involved would be up for it. Quote Link to comment Share on other sites More sharing options...
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