javeajag Posted November 27 Report Share Posted November 27 13 minutes ago, dl1971 said: Now if only words were assets. Some posters on here would be ludicrously rich. Who isn’t rich ….. Quote Link to comment Share on other sites More sharing options...
javeajag Posted November 27 Report Share Posted November 27 9 minutes ago, Lenziejag said: I said it would be close to break even. Which is another way of saying a small loss so I think my comment is accurate. Quote Link to comment Share on other sites More sharing options...
Dick Dastardly Posted November 27 Report Share Posted November 27 40 minutes ago, javeajag said: Which is another way of saying a small loss so I think my comment is accurate. It could equally be a small profit Quote Link to comment Share on other sites More sharing options...
javeajag Posted November 27 Report Share Posted November 27 Just now, Dick Dastardly said: It could equally be a small profit I think I any profit was budgeted for we would have been told. It’s a small loss. Quote Link to comment Share on other sites More sharing options...
dl1971 Posted November 27 Report Share Posted November 27 1 hour ago, javeajag said: Who isn’t rich ….. PTFC apparently, but " rich " in many other ways I'd advocate:-) Quote Link to comment Share on other sites More sharing options...
stolenscone Posted November 27 Report Share Posted November 27 Just popping in again after a 5 page hiatus. Anything new? Nope? OK - I'll see y'all again in another 5. Stay safe everyone. 1 1 Quote Link to comment Share on other sites More sharing options...
lady-isobel-barnett Posted November 27 Report Share Posted November 27 23 minutes ago, stolenscone said: Just popping in again after a 5 page hiatus. Anything new? Nope? OK - I'll see y'all again in another 5.. Back tomorrow, then. Quote Link to comment Share on other sites More sharing options...
Jordanhill Jag Posted November 27 Author Report Share Posted November 27 1 hour ago, Lenziejag said: I said it would be close to break even. So here is an issue ref the lack of clear lines between the Board & TJF The Board with the exception of Donald Mclymont & Elliot Gilmour are all in some shape or form linked to the Trusts - either originally nominated or elected Now taking out those elected That leaves us with Three Directors who were nominated by the various Trusts - then in effect renominated by TJF So the question is ref spending - is the Board going to go against what they view as the priorities of the Trusts when allocating the scarce cash resource we have available ? Even if TJF do not directly allocate the cash - three Directors are there due to there links to the Trusts - that means if they want to stay - they are not going to go against the wishes of TJF - when it comes to where we spend Money The fact that a Budget was agreed with a Forecast £280K Loss - would indicate neither the Board - nor TJF were willing to reduce Non Squad Costs- to slow down the Cash Burn So the Board are going to have great difficulty in balancing the Budgets & maintaining Cash Reserves going forwards - too many people with there own views as to where we spend money You cannot run a Business by Committee At the last Count we had The Board TJF Board The Jags Trust Board The Football Committee ( No idea why that's even there - but its members are a closely guarded secret - wonder why ) All with there views priorities ,agendas ,politics + to be added The Community Working Group The Finance Advisory Group The Commercial Group Outside the Club we have Thistle Community Trust The Academy Board We keep getting told the Board run the Club - they may in name - but they are not going to go against the handful of people who decide if the get to remain on the Board + Keep all the Committees Happy And we wonder why we are in a Mess ? We will need to build a New Stand on the Bing- rather than a GP Practice - simply for all the Committee Members (Im assuming the Board must have missed the Big New State of the Art Health Centre at the bottom of Firhill Road - where one of the GP Groups is actually called "The Firhill Practice" 😀 ) Quote Link to comment Share on other sites More sharing options...
Norgethistle Posted November 27 Report Share Posted November 27 (edited) 52 minutes ago, Jordanhill Jag said: That leaves us with Three Directors who were nominated by the various Trusts - then in effect renominated by TJF So the question is ref spending - is the Board going to go against what they view as the priorities of the Trusts when allocating the scarce cash resource we have available ? Even if TJF do not directly allocate the cash - three Directors are there due to there links to the Trusts - that means if they want to stay - they are not going to go against the wishes of TJF - when it comes to where we spend Money I think you’ve missed the democratic election of the 2 trustee board reps and who voted for them, and ultimately selected them, that being the beneficiaries of PTFC Trust. Just to remind you a beneficiary is - Someone who has a season ticket and above 18 year old or - A member of the 71 club or - A member of the Jags Trust or - A member of The Jags Foundation Some beneficiaries are in 1 of the groups, some in 2 and even some in 3. They get 1 vote each regardless of whether they are in 1 group or 3. TJF never appointed them, campaigned for or against them or had any influence in it, the beneficiaries and only the beneficiaries chose then, effectively 2500 of our fan base had their say via their individual single votes. Edited November 27 by Norgethistle Typo Quote Link to comment Share on other sites More sharing options...
Jordanhill Jag Posted November 27 Author Report Share Posted November 27 (edited) 56 minutes ago, Norgethistle said: I think you’ve missed the democratic election of the 2 trustee board reps and who voted for them, and ultimately selected them, that being the beneficiaries of PTFC Trust. Just to remind you a beneficiary is - Someone who has a season ticket and above 18 year old or - A member of the 71 club or - A member of the Jags Trust or - A member of The Jags Foundation Some beneficiaries are in 1 of the groups, some in 2 and even some in 3. They get 1 vote each regardless of whether they are in 1 group or 3. TJF never appointed them, campaigned for or against them or had any influence in it, the beneficiaries and only the beneficiaries chose then, effectively 2500 of our fan base had their say via their individual single votes. If you read my post I said “taking out those elected” I excluded them from discussions on being influenced by TJF -as they don't require TJF to keep them on the Board - neither does Donald Mclymont However the rest of my comments stand - clearly there would not be cuts that might displease the various areas of influence Which I think is at the Core of our problem - no one wants to make unpopular decisions hence we try and keep all the factions happy and sign off budgets with £280K of losses ( and kept spending money we did not have ) Edited November 27 by Jordanhill Jag Quote Link to comment Share on other sites More sharing options...
partickthedog Posted November 28 Report Share Posted November 28 The return of the Football Committee! I wondered when it would come back into the conversation. Hopefully its membership and the contents of its deliberations will be tidied up in the last episode of Shedland due out in a couple of weeks' time. Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted November 28 Report Share Posted November 28 https://ptfc.co.uk/ptfc-news/proposed-tranche-2-investment-update-open-meeting-friday-november-29/ Quote Link to comment Share on other sites More sharing options...
Derby Jag Posted November 29 Report Share Posted November 29 (edited) 14 hours ago, Fawlty Towers said: https://ptfc.co.uk/ptfc-news/proposed-tranche-2-investment-update-open-meeting-friday-november-29/ That's not a good look Edited November 29 by Derby Jag Quote Link to comment Share on other sites More sharing options...
Woodstock Jag Posted November 29 Report Share Posted November 29 As the Club has clarified elsewhere, Donald’s wife is unwell, which is why he will be joining remotely instead of flying across from California. I’m sure almost all folk will understand, are grateful that Donald will still be able to participate, wish his wife well, and accept this wasn’t something either the Club or he would particularly have wanted to discuss or state publicly (it’s none of our business). Alas last night the Club felt they had little choice after certain bad faith actors (not anyone who has posted about it on here, I hasten to add) decided to go in two-footed on social media, insinuating impropriety with zero evidence whatsoever. 1 Quote Link to comment Share on other sites More sharing options...
fenski Posted November 29 Report Share Posted November 29 What a cess pit social media has become. 1 Quote Link to comment Share on other sites More sharing options...
Auld Jag Posted November 29 Report Share Posted November 29 5 hours ago, fenski said: What a cess pit social media has become. Social media can be a good way for people to keep in touch who otherwise might not be able to do so. Unfortunately it can also be a very intimidating place, with bullying and lies being the order of the day with a lot of its users. For my own part my only online presence is on this forum. I read p & b but have never opened an account to post on it and have no intention to. I don't go on facebook,twitter etc. I also don't understand those that can't live without their smartphone. I do understand that i am very much in the minority but each to their own. 1 Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted November 29 Report Share Posted November 29 6 minutes ago, Auld Jag said: Social media can be a good way for people to keep in touch who otherwise might not be able to do so. Unfortunately it can also be a very intimidating place, with bullying and lies being the order of the day with a lot of its users. For my own part my only online presence is on this forum. I read p & b but have never opened an account to post on it and have no intention to. I don't go on facebook,twitter etc. I also don't understand those that can't live without their smartphone. I do understand that i am very much in the minority but each to their own. I am the same, post on here (unfortunately for everyone else) but no Twitter (or X), Facebook, etc accounts. A 20 year old mobile phone that justs phones or texts and I some how manage to survive. Quote Link to comment Share on other sites More sharing options...
partickthedog Posted November 29 Report Share Posted November 29 2 minutes ago, Fawlty Towers said: I am the same, post on here (unfortunately for everyone else) but no Twitter (or X), Facebook, etc accounts. A 20 year old mobile phone that justs phones or texts and I some how manage to survive. You are reversing the narrative. Usually we have a thread about something else, and people talk about tranches. Now we have a thread about tranches, and you are taking about something else! Quite enjoying it actually. 2 Quote Link to comment Share on other sites More sharing options...
Auld Jag Posted November 29 Report Share Posted November 29 19 minutes ago, partickthedog said: You are reversing the narrative. Usually we have a thread about something else, and people talk about tranches. Now we have a thread about tranches, and you are taking about something else! Quite enjoying it actually. No doubt, for better or worse it will be back on topic soon. Quote Link to comment Share on other sites More sharing options...
Dick Dastardly Posted November 29 Report Share Posted November 29 12 minutes ago, Auld Jag said: No doubt, for better or worse it will be back on topic soon. Rubbish If that’s what you think I am going to think exactly the opposite Quote Link to comment Share on other sites More sharing options...
lady-isobel-barnett Posted November 29 Report Share Posted November 29 2 hours ago, Auld Jag said: No doubt, for better or worse it will be back on topic soon. A case of meanwhile back at the Tranche? 1 Quote Link to comment Share on other sites More sharing options...
Tom Hosie Posted November 29 Report Share Posted November 29 (edited) Just in from the meeting. Not going to give a blow by blow account, just an overview of the vibe I came away with. There was a presentation to start proceedings which I found useful and informarive. The questions received in advance and asked from the floor were largely excellent covering a wide range of subjects. The Board got no easy ride. Answers similarly were broadly good. I may not always hwvr agreed 100% with the substance of the answers but I didn't get any sense of a lack of transparency from the collective Board. I was most impressed though with Donald McClymont. Prior to tonight he was just a name and it was good to add some substance to that. He came across impressively IMO and more importantly, he was credible. I was inclined to vote Yes before tonight. There was nothing about tonight that would prompt me to change that. Btw the show was stolen by @Woodstock Jag's cat. Watch the video if only for that. Edited November 29 by Tom Hosie 1 Quote Link to comment Share on other sites More sharing options...
Woodstock Jag Posted November 29 Report Share Posted November 29 10 minutes ago, Tom Hosie said: Btw the show was stolen by @Woodstock Jag's cat. Watch the video if only for that. Monikie is looking forward to assuming his rightful position on the Football Committee should Tranche 2 go ahead. Cost controls of kibble cannot be guaranteed. Quote Link to comment Share on other sites More sharing options...
Jordanhill Jag Posted November 29 Author Report Share Posted November 29 28 minutes ago, Woodstock Jag said: Monikie is looking forward to assuming his rightful position on the Football Committee should Tranche 2 go ahead. Cost controls of kibble cannot be guaranteed. Lachie & Logie will be making a Hostile Takeover Bid at the AGM 😊 Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted November 30 Report Share Posted November 30 Well let us get all the wailing and gnashing of teeth out the way to coincide with a cup exit. Must say given for a week we had posts on a 15 minute basis I am a bit suprised that since we actually had the meeting and actual info everyone has gone quiet. Apart from WJs cat am I to assume nothing happened and everything in the garden is rosy? Quote Link to comment Share on other sites More sharing options...
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