ThistleMad Posted November 6, 2010 Report Share Posted November 6, 2010 Has been suggested on P&B that Thistle could be on the brink of administration. The sugestion was not met with suprise from some thistle fans. Anyone able to suggest how likely this is? Quote Link to comment Share on other sites More sharing options...
Junior Posted November 6, 2010 Report Share Posted November 6, 2010 Not only on there , on the vast majority of other football forums as well. If the information is true then its worrying Quote Link to comment Share on other sites More sharing options...
1 John Lambie Posted November 6, 2010 Report Share Posted November 6, 2010 Has been suggested on P&B that Thistle could be on the brink of administration. The sugestion was not met with suprise from some thistle fans. Anyone able to suggest how likely this is? Must be true then. Pish. Quote Link to comment Share on other sites More sharing options...
ThistleMad Posted November 6, 2010 Author Report Share Posted November 6, 2010 Must be true then. Pish. 'can anyone suggest how likely this is'? Just because it was on P&B doesnt make it true, it also doesnt automatically make it false. Quote Link to comment Share on other sites More sharing options...
1 John Lambie Posted November 6, 2010 Report Share Posted November 6, 2010 Not only on there , on the vast majority of other football forums as well. If the information is true then its worrying Apart from on the Main jags forum? (Also don't see it on THW) Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted November 6, 2010 Report Share Posted November 6, 2010 The only people who would know that are the directors of the Club, it will be interesting to see what their review reveals and the solutions that they come up with. Quote Link to comment Share on other sites More sharing options...
ThistleMad Posted November 6, 2010 Author Report Share Posted November 6, 2010 The only people who would know that are the directors of the Club, it will be interesting to see what their review reveals and the solutions that they come up with. Im sure their are people who know more than others. What matters is the extent they are willing/able to share what they know. Quote Link to comment Share on other sites More sharing options...
1 John Lambie Posted November 6, 2010 Report Share Posted November 6, 2010 The only people who would know that are the directors of the Club, it will be interesting to see what their review reveals and the solutions that they come up with. I'm sure there are worrying times ahead, but I would hope that it would not lead to admin. It just depends how big this cash shortfall is that has been spoken about & if the fans get behind the club in closing that gap in big enough numbers, but also the directors putting things in place to make sure it doesn't happen again & that we cut the cloth to fit. I'm confident that there are now more professional people involved in the running of the club (day-to-day) & also at the top table. Quote Link to comment Share on other sites More sharing options...
McKennan Posted November 6, 2010 Report Share Posted November 6, 2010 Has been suggested on P&B that Thistle could be on the brink of administration. The sugestion was not met with suprise from some thistle fans. Anyone able to suggest how likely this is? On P&B and Dundee Mad, that other font of authority on Thistle's business. I suppose the trust board rep could ask but can't because the trust (holder of one million shares) is locked out. By the way, were the ********* waving money at Dundee players at the final whistle born yesterday? Quote Link to comment Share on other sites More sharing options...
MWM Posted November 6, 2010 Report Share Posted November 6, 2010 The guy who posted the Administration rumour has broken a fair few stories on P&B before they hit the national media. I wouldn't totally discount what this guy says. Quote Link to comment Share on other sites More sharing options...
Yellow & Redneck Posted November 6, 2010 Report Share Posted November 6, 2010 Load of nonsense! Dont trust anything that is on P&B. With Cowan and Co. gone we are probably in the best hands to avoid such a crisis. Yes, we know we are low on funds, however I think that with the current board we are in a situation where I would trust that such a problem can be averted, now and in the near future. The board on a few occasions have said they are looking for people to invest in the club, so at least a pro-active approach is being taken. C'mon the Jags Quote Link to comment Share on other sites More sharing options...
Steven H Posted November 6, 2010 Report Share Posted November 6, 2010 The guy who posted the Administration rumour has broken a fair few stories on P&B before they hit the national media. I wouldn't totally discount what this guy says. Considering who is left in charge at Firhill and the dual interest in Propco AND the fact PTFCs 50% stake in Propco goes to the Propco company IF we enter administration...I wouldn't totally discount it either. I would be surprised given the improved financial position, but cash flow is the problem so it really depends on the size of this shortfall people have been speaking about. Quote Link to comment Share on other sites More sharing options...
MWM Posted November 6, 2010 Report Share Posted November 6, 2010 Load of nonsense! Dont trust anything that is on P&B. With Cowan and Co. gone we are probably in the best hands to avoid such a crisis. Yes, we know we are low on funds, however I think that with the current board we are in a situation where I would trust that such a problem can be averted, now and in the near future. The board on a few occasions have said they are looking for people to invest in the club, so at least a pro-active approach is being taken. C'mon the Jags Sorry, but this guy broke stories as high profile as Calum Melville leaving Dundee before it hit the media, and other small scale stories such as Livingston's stadium before renamed and Spencer Fearn leaving East Stirlingshire. I don't see why based on his previous history of posts he would randomly decide to make this up not to mention its a well known fact we're skint. Quote Link to comment Share on other sites More sharing options...
Yellow & Redneck Posted November 6, 2010 Report Share Posted November 6, 2010 The board need to find ways to cut costs, easier said than done. (And with such a big debt I dont think that Energy Saving Lightbulbs in the flood lights are gonna work.) But I'm sure we will be fine. Quote Link to comment Share on other sites More sharing options...
Yellow & Redneck Posted November 6, 2010 Report Share Posted November 6, 2010 Had a wee flick through P&B, there is only one way to avoid this IF its true...PART TIME FANS, GET YOUR BACK-SIDES TO FIRHILL...simple as that me thinks... Quote Link to comment Share on other sites More sharing options...
McKennan Posted November 6, 2010 Report Share Posted November 6, 2010 The guy who posted the Administration rumour has broken a fair few stories on P&B before they hit the national media. I wouldn't totally discount what this guy says. Paul the octopus? While I wouldn't be surprised to see Thistle in administration this season I have to wonder where this rumour started. Quote Link to comment Share on other sites More sharing options...
McKennan Posted November 6, 2010 Report Share Posted November 6, 2010 With Cowan and Co. gone we are probably in the best hands to avoid such a crisis. Are we really? Why is that? How about an act of faith from one of our newly arrived directors that he invest in Thistle instead of Propco? Quote Link to comment Share on other sites More sharing options...
McKennan Posted November 6, 2010 Report Share Posted November 6, 2010 Had a wee flick through P&B, there is only one way to avoid this IF its true...PART TIME FANS, GET YOUR BACK-SIDES TO FIRHILL...simple as that me thinks... You realise there's no way Thistle will trade out of the hole it's in? Quote Link to comment Share on other sites More sharing options...
Yellow & Redneck Posted November 6, 2010 Report Share Posted November 6, 2010 (edited) Are we really? Why is that? How about an act of faith from one of our newly arrived directors that he invest in Thistle instead of Propco? I'm just saying that I dont think Cowan and Co. could have possibly have averted such a situation, he does not have the business know how of the current board, I think there business success speaks for itself...but that's my opinion. However, its not secret that cash-flow is a major problem for us, and I would like to see Jags fans rally as one for once before we cross the point of no return. Without a major investor that alone wont be enough, but its a start. Edited November 6, 2010 by Yellow & Redneck Quote Link to comment Share on other sites More sharing options...
McKennan Posted November 6, 2010 Report Share Posted November 6, 2010 Had a wee flick through P&B, there is only one way to avoid this IF its true...PART TIME FANS, GET YOUR BACK-SIDES TO FIRHILL...simple as that me thinks... You realise there's no way Thistle will trade out of the hole it's in? Quote Link to comment Share on other sites More sharing options...
Steven H Posted November 6, 2010 Report Share Posted November 6, 2010 If Thistle go into admin based on a loan to the bank,is it likely that the bank will take the half of Firhill we still own and sell it to recoupe their money...or is Firhill completely worthless now in that regard? Quote Link to comment Share on other sites More sharing options...
Yellow & Redneck Posted November 6, 2010 Report Share Posted November 6, 2010 I think it is very important that we wait for an official statement from the club to either silence or confirm these rumours before we push the BIG PANIC BUTTON. Quote Link to comment Share on other sites More sharing options...
Steven H Posted November 6, 2010 Report Share Posted November 6, 2010 I think it is very important that we wait for an official statement from the club to either silence or confirm these rumours before we push the BIG PANIC BUTTON. Who's pushing the panic button? As far as I can see it's all just a group of fans speculating for now. Quote Link to comment Share on other sites More sharing options...
Yellow & Redneck Posted November 6, 2010 Report Share Posted November 6, 2010 I didnt say that we HAVE pushed the panic button, I'm just saying dont let rumour and speculator escalate into full blown histeria, thats all. Quote Link to comment Share on other sites More sharing options...
Steven H Posted November 6, 2010 Report Share Posted November 6, 2010 I didnt say that we HAVE pushed the panic button, I'm just saying dont let rumour and speculator escalate into full blown histeria, thats all. Quote Link to comment Share on other sites More sharing options...
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