Fawlty Towers Posted August 14 Report Share Posted August 14 https://ptfc.co.uk/ptfc-news/meet-the-board-event-thursday-27th-august/ Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted August 17 Author Report Share Posted August 17 Good interview with Craig and Sandy. 2 Quote Link to comment Share on other sites More sharing options...
KennyP Posted August 17 Report Share Posted August 17 Two fantastic individuals. Great additions to the Board. Quote Link to comment Share on other sites More sharing options...
Jaggernaut Posted August 18 Report Share Posted August 18 13 hours ago, KennyP said: Two fantastic individuals. Great additions to the Board. They certainly came across as enthusiastic and a good fit for their respective roles. Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted August 26 Author Report Share Posted August 26 Typical in that the event is on an evening I can't make but hopefully it is well attended and constructive. Quote Link to comment Share on other sites More sharing options...
javeajag Posted August 27 Report Share Posted August 27 On 8/26/2026 at 8:00 PM, Fawlty Towers said: Typical in that the event is on an evening I can't make but hopefully it is well attended and constructive. It was constructive and supportive ! 2 Quote Link to comment Share on other sites More sharing options...
javeajag Posted August 28 Report Share Posted August 28 For those not there…. last years accounts , still being audited, showed a small surplus but this turned into small deficit after depreciation and spending £60k on the JHS roof. It was described as more or less breakeven outcome. we have a £175k cash buffer and the objective is to maintain that over the next financial year. 3 1 Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted August 28 Author Report Share Posted August 28 16 minutes ago, javeajag said: For those not there…. last years accounts , still being audited, showed a small surplus but this turned into small deficit after depreciation and spending £60k on the JHS roof. It was described as more or less breakeven outcome. we have a £175k cash buffer and the objective is to maintain that over the next financial year. I would have thought the figures for the period to 31st May '26 would have been a bit better given the cup runs. In the recent interview with Craig and Sandy, Craig said there was work about to start on the JHS roof and there is work to get done on the Colin Weir Stand so it does look like keeping the stadium up to scratch is becoming more of an issue with regards to breaking even. No oil reserves found under the bing I take it! Quote Link to comment Share on other sites More sharing options...
Lambies Lost Doo Posted August 28 Report Share Posted August 28 Main Stand needs replaced. Put of date and costly. Obviously we would need a sugar daddy/mummy to afford that. Quote Link to comment Share on other sites More sharing options...
Woodstock Jag Posted August 28 Report Share Posted August 28 2 hours ago, javeajag said: we have a £175k cash buffer and the objective is to maintain that over the next financial year. Important technical point here. I think you may have misunderstood what Sandy said on this. He didn’t say the cash buffer was £175k. He said the cash position improved by roughly that amount over a 12 month period. The cash in the bank is much higher than that, though you’d expect it to be at this point in the season. Quote Link to comment Share on other sites More sharing options...
Dick Dastardly Posted August 28 Report Share Posted August 28 1 hour ago, Lambies Lost Doo said: Main Stand needs replaced. Put of date and costly. Obviously we would need a sugar daddy/mummy to afford that. Don’t worry. I am planning on winning the Euro Millions once the pot gets big enough. Quote Link to comment Share on other sites More sharing options...
jaggy Posted August 28 Report Share Posted August 28 25 minutes ago, Dick Dastardly said: Don’t worry. I am planning on winning the Euro Millions once the pot gets big enough. I’m hoping to win the PTFC Lottery once the pot gets big enough 🤣 2 Quote Link to comment Share on other sites More sharing options...
Lenziejag Posted August 28 Report Share Posted August 28 3 hours ago, javeajag said: For those not there…. last years accounts , still being audited, showed a small surplus but this turned into small deficit after depreciation and spending £60k on the JHS roof. It was described as more or less breakeven outcome. we have a £175k cash buffer and the objective is to maintain that over the next financial year. Was there a particular reason that highlighted profit after depreciation? Quote Link to comment Share on other sites More sharing options...
Thistle_1876 Posted August 28 Report Share Posted August 28 54 minutes ago, Lenziejag said: Was there a particular reason that highlighted profit after depreciation? Was thinking that myself, seems strange Quote Link to comment Share on other sites More sharing options...
javeajag Posted August 28 Report Share Posted August 28 1 hour ago, Lenziejag said: Was there a particular reason that highlighted profit after depreciation? No, it was just presented that way. Quote Link to comment Share on other sites More sharing options...
thornwoodjag Posted August 28 Report Share Posted August 28 I’ll wait for JJ’s unbiased report thank you 1 Quote Link to comment Share on other sites More sharing options...
Thistle_1876 Posted August 28 Report Share Posted August 28 20 minutes ago, thornwoodjag said: I’ll wait for JJ’s unbiased report thank you Hoping he was there Quote Link to comment Share on other sites More sharing options...
elevenone Posted August 28 Report Share Posted August 28 3 hours ago, jaggy said: I’m hoping to win the PTFC Lottery once the pot gets big enough 🤣 I think @Dick Dastardly has a better chance with Euromillions than that happening. 2 Quote Link to comment Share on other sites More sharing options...
Derby Jag Posted August 29 Report Share Posted August 29 Was there anything else of interest said or was it filmed with a plan to share with those who couldn't attend? Quote Link to comment Share on other sites More sharing options...
Jordanhill Jag Posted August 30 Report Share Posted August 30 On 8/28/2026 at 4:17 PM, thornwoodjag said: I’ll wait for JJ’s unbiased report thank you As I wasn't there I will go on the limited info available ~ whilst a roughly breakeven position is welcomed- it has to be measured against the fact we reached two Cup Quarterfinals & finished second ~ its highly unlikely we budgeted for this additional income based on Previous Seasons ~ it was stated we earned circa £125K fro the Celtic Cup Game - which would include Prize Money - based on the info on Prize Money for Scottish Cup & League position - it wont be far of £300K additional income from Cups & League So the reality is that Season 24/25 we were out of the Cups early & finished 4th = £300K losses - Season 25/26 decent Cup Runs - finished second = Breakeven ~ quite literally Cup & League Prize Money is the difference between Seasons As for the £175K improved Cash Position - £60K of that is from Tranche 2 which was advised at the last AGM - previous Board stated we had negotiated the best Kit Deal in our History - so there would be an uplift in cash via that + Senior Staff Members Left & were not replaced halfway through last Season -all of which improve the Cash Position ~ there are minimal Financial Ratios the Board have to adhere to As previously stated we are dependant on Cup Runs & Handouts to break even As for saying we would have made a Profit without Depreciation & CAPEX Spend on the JHS Roof - that's simply a nonsensical statement - all accounts have depreciation & CAPEX Spend is budgeted for ~ its like saying if we didn't have to pay wages - we would have made a Profit. Quote Link to comment Share on other sites More sharing options...
Jordanhill Jag Posted August 30 Report Share Posted August 30 On 8/28/2026 at 4:17 PM, thornwoodjag said: I’ll wait for JJ’s unbiased report thank you There are also couple of significant changes that were not mentioned at the Meet the Board Night The Jlo Shares were sold ~ in previous correspondence Woodland Jag made a point of raising the fact that a 25% Share Voting Block could stop any special resolutions being passed ~ Now the Jlo 8% to date has never voted since Fan Ownership - but there is now potentially 28% of the Shares that could act in Concert ~ preventing Resolutions from the Thistle Trust passing - that's quite important. It was also stated by Woodland Jag that "significant Shareholders" ie those with over 5% are now Consulted on Key decisions ( it was left Vague how this operated ) again this is significant as its New - previous significant Shareholders were Donald McClymont - Jlo & The Jags Trust who own Shares in there own right & Vote as such I'm happy to be corrected - however to the best of my knowledge - neither Jlo nor The Jags Trust ( as a separate organisation from the Thistle Trust ) ~were consulted individually on Key Decisions - but now "Significant Shareholders" are now part of the process - with a vague justification as to why Quote Link to comment Share on other sites More sharing options...
Woodstock Jag Posted August 30 Report Share Posted August 30 3 hours ago, Jordanhill Jag said: There are also couple of significant changes that were not mentioned at the Meet the Board Night The Jlo Shares were sold ~ in previous correspondence Woodland Jag made a point of raising the fact that a 25% Share Voting Block could stop any special resolutions being passed ~ Now the Jlo 8% to date has never voted since Fan Ownership - but there is now potentially 28% of the Shares that could act in Concert ~ preventing Resolutions from the Thistle Trust passing - that's quite important. 1. Woodland Jag isn't a thing. 2. No, it was always the case that other shareholders could cooperate to oppose a special resolution. Nothing new. 3 hours ago, Jordanhill Jag said: It was also stated by Woodland Jag that "significant Shareholders" ie those with over 5% are now Consulted on Key decisions ( it was left Vague how this operated ) again this is significant as its New - previous significant Shareholders were Donald McClymont - Jlo & The Jags Trust who own Shares in there own right & Vote as such 1. Woodland Jag isn't a thing. 2. No it wasn't stated that "those with over 5% are now Consulted on Key decisions". You have again engaged in total fabrication. Stop making things up. Quote Link to comment Share on other sites More sharing options...
Jordanhill Jag Posted August 30 Report Share Posted August 30 33 minutes ago, Woodstock Jag said: 1. Woodland Jag isn't a thing. 2. No, it was always the case that other shareholders could cooperate to oppose a special resolution. Nothing new. 1. Woodland Jag isn't a thing. 2. No it wasn't stated that "those with over 5% are now Consulted on Key decisions". You have again engaged in total fabrication. Stop making things up. Im fully aware that other Shareholders could act in Concert - however after pointing out the Jlo shares had been sold ( which had not been used in any vote in the last few Seasons) you made a point of raising it - which reasonably can be interpreted as its now a higher possibility than previously. you have stated that New Directors should be aligned with the “Main Shareholders” -plural- now as far as I can see - Main means majority - and the expansion of the term is to incorporate other shareholders who have Corporate Governance Rights - this is two individuals & the Jags Trust this is a New & Subtle change as it now incorporates a wider grouping ( including individuals with more than 5%) than previous descriptions which were in essence the Thistle Trust ( the Majority / Main Shareholder) So your 100% stating that Im incorrect and that a) only the Board of Directors and b) only the Thistle Trust Trustees make or influence how the Club is run -,and that No individual beyond these Groups have a say ( exuding the Club Senior Management Group -which is within the Club internal management structure ) - and for clarity - that includes Directors or Groups like the Jags Trust who are both Directors & Trustees - whilst also separately being significant shareholders Quote Link to comment Share on other sites More sharing options...
Very Bitter Jag Posted August 30 Report Share Posted August 30 On 8/28/2026 at 4:17 PM, thornwoodjag said: I’ll wait for JJ’s unbiased report thank you This is your fault Thornwoodjag. 😡 3 Quote Link to comment Share on other sites More sharing options...
thornwoodjag Posted August 30 Report Share Posted August 30 1 minute ago, Very Bitter Jag said: This is your fault Thornwoodjag. 😡 Indeed. I can only apologise folks Quote Link to comment Share on other sites More sharing options...
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