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Q&A With The Board


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22 hours ago, Fawlty Towers said:

Written report and video from the Q&A now available to read and view.

https://ptfc.co.uk/ptfc-news/summary-of-meet-the-board-qa/

https://www.youtube.com/watch?v=EN_wyZie4Is&t=894s

 

Ref selling off another 10% of the Club Assets 

“I really don't see any downsides”

from TJF Rep 

apart from the small matter that we will have sold off 20% of our assets -in less than 12 Months ? 

and the fact that there is No Plan to stop the massive losses -we are wracking up 

Not one single person from TJF questioning the strategy of selling off assets to fund losses -not one - complete U Turn from what a number of them were saying under Jlo - unbelievable 

the excuse last time was that TJF had no time to agree the Selling of Shares deal - now there front and centre pushing for it to happen again - and saying “ there is no downside” 

its all a nice wee cosy back scratching arrangement - TJF & the Board are one in the same 

breakeven to a £280K loss - but it wasn't the Board - a Big Boy did it and ran away

as for referring to the Jlo Board about asking questions on the finances / can you imagine if they proposed selling off 20% of the Club to fund the losses ? 

the strategy for stopping the losses - pretty much the same as the last AGM / that seemed to have worked well 
 

 

 

 

 

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  • 2 weeks later...

Programme notes from Levi Gill from the clubs website today. Why remove the scaffolding (which was a revenue opportunity for advertising) if we don’t have a plan for the south terracing?
 

“But while governance is the foundation on which all future success will be built, it’s important that nobody loses sight of the day job. For those attending today’s game it will be impossible to miss the changed landscape at the city end of the ground. The scaffold has been removed and hopefully (I’m writing this midweek) by now so has the wreckage that the project left behind! This may only be a small step toward tidying up the stadium but it’s an important one. Firhill is our home and we need not only to take pride in it but to weaponise it. This stadium, and our ownership of it, is the greatest asset that we have. How we develop it commercially, how we market it and open our doors to the wider community will be integral to our success. This is why the first recruitment of my tenure was Eve Wilson as our new Events and Hospitality Executive. The club understands the vital importance of developing our revenue streams and sweating our assets. I am very keen that we punch above our weight across the organisation, and to do so we need to innovate and evolve the way that we operate. The removal of the scaffold is a small step but a significant one. It demonstrates that we will challenge our operating model and evolve, and that we will make best use of the facilities at hand to deliver what all Thistle fans deserve – sustainable success.”

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I am sure that there must be a sensible answer to the opaque riddle posed by Levi Gill's article. You feel that there should be some extra paragraph that explains it all, but somehow was omitted. 

The whole thesis of the article is that we make the best use of our assets, including extracting the maximum commercial gain. Where is the punchline that reveals the ultimate advantage towards which removing the revenue producing scaffolding was the first step?

I wonder if this is one where our TJF reps could assist our understanding?

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15 hours ago, eljaggo said:

How much are we losing by this decision, and do the advertisers have contracts that might cost the Club by ending them prematurely?

What I think may be happening is that those advertising on the Scaffolding Contracts have run out - it costs to have the Scaffolding there as its hired 

So if there has not been enough advertising sold to replace the previous ones -  then its costing us Money therefore its being removed 

 

 

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1 hour ago, Jordanhill Jag said:

What I think may be happening is that those advertising on the Scaffolding Contracts have run out - it costs to have the Scaffolding there as its hired 

So if there has not been enough advertising sold to replace the previous ones -  then its costing us Money therefore its being removed 

 

 

Makes sense but disappointing if we couldn’t find someone to advertise.

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To allay the conspiracy theories here...

The scaffolding has an ongoing cost to maintain on The Bing. It's also ugly and tired.

The Club has reached an arrangement with a (very helpful) sponsor to remove the scaffolding, get the area tidied up, and a suitable replacement advertising structure, put in place at no cost, in exchange for some of the advertising spaces.

The new structure is hoped to be less intrusive, cost less to maintain, and could, if marketed properly, actually lead to more commercial revenue for the Club, not less.

On specific debunking duty:

(a) the land is not being sold!

(b) this is not happening because of a failure to sell commercial advertising spaces and no contracts have been cancelled (indeed, overall commercial revenues have already reached last season's total with additional sources out to tender)

(c) this is not to the detriment of any existing Club sponsors, who will be featured on the new structure as and when it is put up

(d) TJF is not buying Munn's Bar

(e) the moon landing was not faked

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10 minutes ago, Woodstock Jag said:

To allay the conspiracy theories here...

The scaffolding has an ongoing cost to maintain on The Bing. It's also ugly and tired.

The Club has reached an arrangement with a (very helpful) sponsor to remove the scaffolding, get the area tidied up, and a suitable replacement advertising structure, put in place at no cost, in exchange for some of the advertising spaces.

The new structure is hoped to be less intrusive, cost less to maintain, and could, if marketed properly, actually lead to more commercial revenue for the Club, not less.

On specific debunking duty:

(a) the land is not being sold!

(b) this is not happening because of a failure to sell commercial advertising spaces and no contracts have been cancelled (indeed, overall commercial revenues have already reached last season's total with additional sources out to tender)

(c) this is not to the detriment of any existing Club sponsors, who will be featured on the new structure as and when it is put up

(d) TJF is not buying Munn's Bar

(e) the moon landing was not faked

Pity Levi Gill didn’t say so in his notes, but good news nevertheless 

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2 hours ago, Woodstock Jag said:

To allay the conspiracy theories here...

The scaffolding has an ongoing cost to maintain on The Bing. It's also ugly and tired.

The Club has reached an arrangement with a (very helpful) sponsor to remove the scaffolding, get the area tidied up, and a suitable replacement advertising structure, put in place at no cost, in exchange for some of the advertising spaces.

The new structure is hoped to be less intrusive, cost less to maintain, and could, if marketed properly, actually lead to more commercial revenue for the Club, not less.

On specific debunking duty:

(a) the land is not being sold!

(b) this is not happening because of a failure to sell commercial advertising spaces and no contracts have been cancelled (indeed, overall commercial revenues have already reached last season's total with additional sources out to tender)

(c) this is not to the detriment of any existing Club sponsors, who will be featured on the new structure as and when it is put up

(d) TJF is not buying Munn's Bar

(e) the moon landing was not faked

Hi WJ.

I do not think I was peddling any conspiracy theories. I was simply suggesting that there must be a sensible explanation, and that TJF might be able to help to provide it. You have done just that! Thank you.

As stated by Jag1970, it would have been helpful if Levi had given this additional explanation. However, I do appreciate that his programme article may have been subject to a word limit, and perhaps he simply ran out of space (not sure if that counts as a conspiracy theory, although it does continue the astronomical theme).

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50 minutes ago, partickthedog said:

Hi WJ.

I do not think I was peddling any conspiracy theories. I was simply suggesting that there must be a sensible explanation, and that TJF might be able to help to provide it. You have done just that! Thank you.

Not aimed at you, old dog! Some silly speculation elsewhere!

 

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