javeajag Posted October 5, 2023 Report Share Posted October 5, 2023 email from PTFC trust……it’s great in a fan owned club you have no idea what is happening or why.. In recent weeks the PTFC Trust Trustees have sought to resolve a dispute involving the club’s directors. Regrettably, it has become clear that this dispute cannot be resolved by agreement. As the representatives of the majority shareholder, the trustees have an obligation to the fans to ensure that the Club has a fully functioning and united leadership group acting in its best interests. With considerable reluctance the PTFC Trust has therefore exercised the rights of the majority shareholder to remove Alistair Creevy as a director of the football club. The PTFC Trust trustees would like to thank Alistair on behalf of all fans for his contribution to the club in recent times as Chair, not least his temporary financial contribution enabling the club to compete through to the end of last season. Quote Link to comment Share on other sites More sharing options...
MarciaBlaine Posted October 5, 2023 Report Share Posted October 5, 2023 Hoping for some clear and informative comment from TJF on this. Quote Link to comment Share on other sites More sharing options...
Lambies Lost Doo Posted October 5, 2023 Report Share Posted October 5, 2023 WTF? As clear as mud. Quote Link to comment Share on other sites More sharing options...
Lambies Lost Doo Posted October 5, 2023 Report Share Posted October 5, 2023 https://ptfc.co.uk/ptfc-news/club-board-update/ Now things like this need explanation as a fan owned club. He put his own £ into the club. He said he was going to work practically full time at the club and had a good professional background. 2 Quote Link to comment Share on other sites More sharing options...
sandy Posted October 5, 2023 Report Share Posted October 5, 2023 Who remains in the PTFC Trust? Just the rump of Jaqui’s four - or does it now also cover TJF? 1 Quote Link to comment Share on other sites More sharing options...
jaggymct Posted October 5, 2023 Report Share Posted October 5, 2023 Can someone on the Jags Foundation shed some light on whether or not they were aware of this happening ? Quote Link to comment Share on other sites More sharing options...
Jimmy McD Posted October 5, 2023 Report Share Posted October 5, 2023 It's coming near the Pantomime season..Oh yes it is.. Quote Link to comment Share on other sites More sharing options...
sandy Posted October 5, 2023 Report Share Posted October 5, 2023 Can @Norgethistle or @Woodstock Jag provide any comment on this? 1 Quote Link to comment Share on other sites More sharing options...
scotty Posted October 5, 2023 Report Share Posted October 5, 2023 Just because we are a fan owned club this does not mean that we should be told every decision or details behind it. We elect representatives to sit on the board and we have to trust them to make the correct decisions. Occasionally things will need to be confidential.Thats the way all businesses run. I'm not making any judgement on this event just stating what I've said above. 4 Quote Link to comment Share on other sites More sharing options...
sandy Posted October 5, 2023 Report Share Posted October 5, 2023 Just now, scotty said: Just because we are a fan owned club this does not mean that we should be told every decision or details behind it. We elect representatives to sit on the board and we have to trust them to make the correct decisions. Occasionally things will need to be confidential.Thats the way all businesses run. I'm not making any judgement on this event just stating what I've said above. Except we didn’t elect the original PTFC Trust members 1 Quote Link to comment Share on other sites More sharing options...
javeajag Posted October 5, 2023 Author Report Share Posted October 5, 2023 3 minutes ago, scotty said: Just because we are a fan owned club this does not mean that we should be told every decision or details behind it. We elect representatives to sit on the board and we have to trust them to make the correct decisions. Occasionally things will need to be confidential.Thats the way all businesses run. I'm not making any judgement on this event just stating what I've said above. There is quite a gap between being told everything (your aunt sally ) and being told basically ‘we got rid of the chairman and that’s all your being told ‘. you might also want to think a fan owned club might not just be another business . Quote Link to comment Share on other sites More sharing options...
Garscube Road End 2 Posted October 5, 2023 Report Share Posted October 5, 2023 49 minutes ago, javeajag said: There is quite a gap between being told everything (your aunt sally ) and being told basically ‘we got rid of the chairman and that’s all your being told ‘. you might also want to think a fan owned club might not just be another business . It could well be that it is a commercially sensitive matter which cannot be divulged. Quote Link to comment Share on other sites More sharing options...
javeajag Posted October 5, 2023 Author Report Share Posted October 5, 2023 6 minutes ago, Garscube Road End 2 said: It could well be that it is a commercially sensitive matter which cannot be divulged. Maybe… but you can actually say that’s what it is which would at least be something . Quote Link to comment Share on other sites More sharing options...
Lenziejag Posted October 5, 2023 Report Share Posted October 5, 2023 37 minutes ago, javeajag said: Maybe… but you can actually say that’s what it is which would at least be something . You want to know what the dispute was ? Quote Link to comment Share on other sites More sharing options...
javeajag Posted October 5, 2023 Author Report Share Posted October 5, 2023 7 minutes ago, Lenziejag said: You want to know what the dispute was ? Again maybe ….i would like to understand why the chairman was sacked which I don’t think is unreasonable We could said for example ….. ‘there was a disagreement over stategy, or an appointment or finances ‘ the statement today could have been put out by any previous thistle board and lots of people would be critical. Being fan owned isn’t a free pass for poor management or communication. Quote Link to comment Share on other sites More sharing options...
sandy Posted October 5, 2023 Report Share Posted October 5, 2023 The problem with a short ‘no further comment’ statement is that it leaves a vacuum for speculation to take root and grow. Some commentary from TJF may be helpful in reducing this speculation. Quote Link to comment Share on other sites More sharing options...
Dick Dastardly Posted October 5, 2023 Report Share Posted October 5, 2023 At the end of the day, does it make any difference whether we know the story behind this or not ? Is the average fan going to behave any differently ? Quote Link to comment Share on other sites More sharing options...
javeajag Posted October 5, 2023 Author Report Share Posted October 5, 2023 1 minute ago, Dick Dastardly said: At the end of the day, does it make any difference whether we know the story behind this or not ? Is the average fan going to behave any differently ? So the rumours on this have been circulating for some time and it’s just not good enough to leave it hanging. Poor stuff. Quote Link to comment Share on other sites More sharing options...
Mr Scruff Posted October 5, 2023 Report Share Posted October 5, 2023 4 minutes ago, Dick Dastardly said: At the end of the day, does it make any difference whether we know the story behind this or not ? Is the average fan going to behave any differently ? All us supporters have a relationship with the club. You'd like to think that it's been positively changed by active fan ownership. While that doesn't mean we should influence or materially affect the day-to-day running of the club, it does mean that stability in the management of the club is important to us, and does in some way impact us. The previous management regime felt opaque and distant. The worst aspect of this is just the feeling of that continuing. Quote Link to comment Share on other sites More sharing options...
Garscube Road End 2 Posted October 5, 2023 Report Share Posted October 5, 2023 (edited) The club now have a new investor. David McLymont and others to the tune of £5000,000 . Good news. As a result of this PTFC Trust holding is diluted from 75% to 67%. Edited October 5, 2023 by Garscube Road End 2 2 Quote Link to comment Share on other sites More sharing options...
javeajag Posted October 5, 2023 Author Report Share Posted October 5, 2023 9 minutes ago, Garscube Road End 2 said: The club now have a new investor. David McLymont and others to the tune of £5000,000 . Good news. As a result of this PTFC Trust holding is diluted from 75% to 67%. And you should add in: get seats on the board get a veto on certain decisions get their money back first Quote Link to comment Share on other sites More sharing options...
QXBoy Posted October 5, 2023 Report Share Posted October 5, 2023 9 minutes ago, Garscube Road End 2 said: The club now have a new investor. David McLymont and others to the tune of £5000,000 . Good news. As a result of this PTFC Trust holding is diluted from 75% to 67%. Please clarify - 5 thousand or 5 million? Quote Link to comment Share on other sites More sharing options...
MarciaBlaine Posted October 5, 2023 Report Share Posted October 5, 2023 The decision to announce both things separately with a gap in-between is a bit of an odd one. Appreciate the sentiment in the TJF email to members that they'd have wanted to consult with fans ideally, but the immediate crisis with reduced cash reserves meant there was no time. Quote Link to comment Share on other sites More sharing options...
MarciaBlaine Posted October 5, 2023 Report Share Posted October 5, 2023 (edited) 1 minute ago, QXBoy said: Please clarify - 5 thousand or 5 million? £500,000.00 https://ptfc.co.uk/ptfc-news/partick-thistle-fc-announces-strategic-investment/ Edited October 5, 2023 by MarciaBlaine Quote Link to comment Share on other sites More sharing options...
javeajag Posted October 5, 2023 Author Report Share Posted October 5, 2023 Just now, MarciaBlaine said: The decision to announce both things separately with a gap in-between is a bit of an odd one. Appreciate the sentiment in the TJF email to members that they'd have wanted to consult with fans ideally, but the immediate crisis with reduced cash reserves meant there was no time. There is always an excuse though isn’t there and it sets the precedent and tone. they could have consulted their members on the principle without naming the individuals involved but choose not to. Quote Link to comment Share on other sites More sharing options...
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