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Fawlty Towers

PTFC Accounts - 31st May 2021

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PTFC Accounts

Not an accountant but looks decent given everything that has happened in the last 18 months.

 

Kieran Maguire is certainly impressed:

Despite relegation to Scotland’s third tier the previous season and Covid-19 Partick Thistle managed to break even financially, get promoted and publish full accounts by mid October. Why can’t other clubs operate such a model? Revenue down 44%, furlough income £500k #PTFC

Edited by Fawlty Towers

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The part I found interesting was this:

"By the time of the AGM, it is also likely that the club will have announced an exciting new commercial partnership that will underpin and stabilise our financial future, offering a degree of protection from the vagaries of football, short and long term"

 

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41 minutes ago, Fawlty Towers said:

The part I found interesting was this:

"By the time of the AGM, it is also likely that the club will have announced an exciting new commercial partnership that will underpin and stabilise our financial future, offering a degree of protection from the vagaries of football, short and long term"

 

Although, if it doesn’t happen it will be a bit embarrassing 

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19 hours ago, Lenziejag said:

Although, if it doesn’t happen it will be a bit embarrassing 

Hopefully we break from what has became the norm with past announcements that never came to fruition, “RealScottishFootball”,”TAG”, “McParland park”, “South Stand”, “Steedmans investment” to name a few.

Im hoping this was concrete before being announced this time.

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20 minutes ago, Norgethistle said:

Hopefully we break from what has became the norm with past announcements that never came to fruition, “RealScottishFootball”,”TAG”, “McParland park”, “South Stand”, “Steedmans investment” to name a few.

Im hoping this was concrete before being announced this time.

You can add Buster Blood Vessel too!

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In the report of the directors,  the following is of interest. 

"At the time of this report 55% of the shares in PTFC and title to the land is held by Three Black Cats Ltd  (3BC) although the Club has a legally granted Licence to Occupy. It is planned that by the time of the Club's AGM, a timetable will have been made public for the majority shareholding to transferred to the new fan entity, The Jags Foundation immediately followed by the land being transferred to the club as per the late Colin Weir's  wishes and that of the publicly stated intentions of the directors of 3BC."

It would appear to me that the Estate of Colin Weir has been finalised, although looking at the progress of the Foundation of Hearts, the road to final fan ownership may still be a rather long and rocky path.

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So it looks like a couple of things to be announced (hopefully) by the time the AGM comes around, which has been by the end of November in recent years if memory serves. Let's hope the team can do their part on the pitch and we can return to a more positive feel around the club.

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3 hours ago, Norgethistle said:

Hopefully we break from what has became the norm with past announcements that never came to fruition, “RealScottishFootball”,”TAG”, “McParland park”, “South Stand”, “Steedmans investment” to name a few.

Off on a tangent slightly but what happened re the under canvas fans bar in the JH car park? 

Genuine question so please avoid cracks about marquee signings and lack of intent. :)

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3 minutes ago, lady-isobel-barnett said:

Off on a tangent slightly but what happened re the under canvas fans bar in the JH car park? 

Genuine question so please avoid cracks about marquee signings and lack of intent. :)

You're asking  the wrong guys. :)

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35 minutes ago, lady-isobel-barnett said:

Off on a tangent slightly but what happened re the under canvas fans bar in the JH car park? 

Genuine question so please avoid cracks about marquee signings and lack of intent. :)

Gerry Britton applied for license at the Licensing Board meeting and it was granted , so there is no reason why it still won’t happen 

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2 hours ago, lady-isobel-barnett said:

Off on a tangent slightly but what happened re the under canvas fans bar in the JH car park? 

Genuine question so please avoid cracks about marquee signings and lack of intent. :)

As I recall they asked for it because they thought the Aitken Suite would be unavailable as players were using it for changing but there must have been a change in the Covid guidelines as the Aitken Suite is in use on matchdays so need for the marquee.

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On 10/16/2021 at 1:40 PM, Lenziejag said:

Although, if it doesn’t happen it will be a bit embarrassing 

Must be due to have another go at the bing. 2006, 2010, 2014 before.

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1 hour ago, avie-man said:

Must be due to have another go at the bing. 2006, 2010, 2014 before.

Just put in dozen rows of benches and a couple of portaloos at each end. Then, when we get rich and into Europe, add a tarpaulin roof. 

Solved!

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4 hours ago, Jaggernaut said:

Just put in dozen rows of benches and a couple of portaloos at each end. Then, when we get rich and into Europe, add a tarpaulin roof. 

Solved!

Tarpaulin roof? That might 'stretch' the budget a bit. Corrugated iron. Put the away support in there, so when it pours, it deafens them!

Edited by Garscube Road End 2

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4 hours ago, Garscube Road End 2 said:

Tarpaulin roof? That might 'stretch' the budget a bit. Corrugated iron. Put the away support in there, so when it pours, it deafens them!

Brilliant! And put it at an angle sloping down towards the front, so that the run-off will obscure their view.

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