Fawlty Towers Posted January 8 Report Share Posted January 8 Things are moving ahead off the pitch so if you have any views/comments I would urge you to respond to this consultation: https://thejagsfoundation.co.uk/consultation-on-club-trust-agreement/ Quote Link to comment Share on other sites More sharing options...
madcapmilkdrinker Posted January 9 Report Share Posted January 9 12 hours ago, Fawlty Towers said: Things are moving ahead off the pitch so if you have any views/comments I would urge you to respond to this consultation: https://thejagsfoundation.co.uk/consultation-on-club-trust-agreement/ Is it just me that thinks it might get complicated seeking written approval. (from the trustees) of a managers, or CEO for that matter, contract if it’s over £50K? Quote Link to comment Share on other sites More sharing options...
Lenziejag Posted January 9 Report Share Posted January 9 37 minutes ago, madcapmilkdrinker said: Is it just me that thinks it might get complicated seeking written approval. (from the trustees) of a managers, or CEO for that matter, contract if it’s over £50K? Complicated in what way ? Quote Link to comment Share on other sites More sharing options...
Woodstock Jag Posted January 9 Report Share Posted January 9 6 hours ago, madcapmilkdrinker said: Is it just me that thinks it might get complicated seeking written approval. (from the trustees) of a managers, or CEO for that matter, contract if it’s over £50K? I don’t foresee this, in practice, being a significant obstacle. Exeter City has the same provision in its CTA. I anticipate that this will function more as a cost control mechanism than anything else: ensuring that non-player contracts entered into do not drastically alter the underlying assumptions of the Club Budget. It’s not designed to trigger a detailed discussion about the merits of one managerial appointment over another, for instance. That’s essentially a strategic decision of the Club Board to take with regard to the footballing department of the business. Quote Link to comment Share on other sites More sharing options...
stolenscone Posted January 9 Report Share Posted January 9 I guess the difference is oversight vs hands on management. The latter being the responsibility of the club board. 2 Quote Link to comment Share on other sites More sharing options...
Woodstock Jag Posted February 13 Report Share Posted February 13 Just a quick update to say thank you to all the beneficiaries who got in touch about the draft Club-Trust Agreement during the consultation phase. We had a Trustees meeting yesterday evening to discuss the feedback and have reverted to the Club. Our aspiration remains for this to be signed and put into force later this month, but we'll keep you posted. Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted February 24 Author Report Share Posted February 24 On 2/13/2024 at 4:14 PM, Woodstock Jag said: Just a quick update to say thank you to all the beneficiaries who got in touch about the draft Club-Trust Agreement during the consultation phase. We had a Trustees meeting yesterday evening to discuss the feedback and have reverted to the Club. Our aspiration remains for this to be signed and put into force later this month, but we'll keep you posted. As today was the day it was hoped to have this in place by I assume there is a delay - any update as to why or timescale? "We hope to have the final text of the agreement in place and legally effective no later than Saturday 24th February 2024." Quote Link to comment Share on other sites More sharing options...
Woodstock Jag Posted February 25 Report Share Posted February 25 There will be an announcement about this very shortly. But I can say that the commitment made has been met! 1 Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted February 25 Author Report Share Posted February 25 18 minutes ago, Woodstock Jag said: There will be an announcement about this very shortly. But I can say that the commitment made has been met! Thank you - I take it the announcement won't be in several tranches! Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted February 26 Author Report Share Posted February 26 https://thejagsfoundation.co.uk/the-club-trust-agreement-enters-into-force/ Quote Link to comment Share on other sites More sharing options...
Whitelees jag Posted February 26 Report Share Posted February 26 Well done to everyone who has played a part in getting this done. Especially the guys at the PTFC trust who got the shares of JL in the 1st place. Took a lot of flack at the time but always said this was the end goal. Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted February 29 Author Report Share Posted February 29 The Club-Trust Agreement has now entered into force. This historic agreement gives Partick Thistle a robust legal structure for its fan ownership model. It puts democracy at the heart of the most important decisions affecting the Football Club. Later this year, beneficiaries of the PTFC Trust will get to elect at least two fan representatives to the Football Club Board. This is a major milestone, as it puts multiple fan voices at the heart of strategic decision-making at the Football Club, making it more fan-centred and providing a direct line of accountability to a body of more than 2,400 Thistle fans. Beneficiaries will also get to vote to approve or reject any investment proposal that would affect the share structure of the Football Club. This protects the fan ownership shareholding against dilution without the consent of the fans themselves. QUALITY ASSURANCE Earlier today, the PTFC Trust emailed everyone on its beneficiary database, asking them either to confirm or update the details that we hold about them. This quality assurance exercise is intended to make sure that everyone who is eligible to vote is included, and that the principle of one beneficiary, one vote is properly respected. Getting the membership database right is important, and we want as many beneficiaries as possible to confirm or update their details. As an incentive and a thank you, therefore, the Trust will enter everyone to confirm or update their details by 5pm Sunday 31st March into a prize draw to receive a signed PTFC shirt. WHO IS A BENEFICIARY? A beneficiary of the PTFC Trust is anyone over the age of 16 who is any of the following: • a season ticket holder • a member of The 71 Club • a member of The Jags Foundation • a member of The Jags Trust DIDN'T GET THE EMAIL? There are typically four situations in which we, the PTFC Trust, might not currently hold the details of a season ticket holder • multiple season tickets were purchased in the same online transaction (so all are under the same email address) • a season ticket was purchased over the phone or in-person (and no valid email provided) • someone hold an U16 season ticket, but turned 16 during the 2023-24 season • consent was previously withheld to being contacted by email If this applies to someone, it means they will not have received the email we sent out earlier today. If this applies to a season ticket-holder that you know, please ask them to email [email protected], providing their full name, preferred email address and proof of 2023-24 season ticket purchase/renewal. Once verified with the Club, we can add them to our database and they will be able to exercise their rights as a beneficiary. OPTING-OUT Any beneficiary can opt-out from receiving communications from the PTFC Trust at any time, and can request the deletion of their personal data from the database by emailing [email protected]. However, this will prevent the PTFC Trust from contacting them about any future beneficiary votes or other fan ownership news. You can also get in touch to raise any questions or concerns using the same email address. Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted April 9 Author Report Share Posted April 9 Posting this here as I hope that with the benefit of the Club Trust Agreement we don't ever end up having to explain these numbers at an AGM: https://www.bbc.co.uk/sport/football/68768050 And to think the title was only secured on the last game of the season. Quote Link to comment Share on other sites More sharing options...
jaggy Posted April 9 Report Share Posted April 9 Whatever happened to financial fair play? Their friends across the road lost a huge amount too Quote Link to comment Share on other sites More sharing options...
elevenone Posted April 9 Report Share Posted April 9 2 hours ago, Fawlty Towers said: Posting this here as I hope that with the benefit of the Club Trust Agreement we don't ever end up having to explain these numbers at an AGM: https://www.bbc.co.uk/sport/football/68768050 And to think the title was only secured on the last game of the season. They certainly never spent much of that on pitch anyways. Perhaps splurged it on a new fax machine. 2 Quote Link to comment Share on other sites More sharing options...
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