clarencegarter Posted July 20, 2010 Report Share Posted July 20, 2010 I don't really know a lot about the high end of businesses so I hope theres someone out there who can put me right... But given the current climate is there a need for us to have 7 directors? I would suspect that the directors would be on a tidy salary so to me having 7 seems a bit much. Quote Link to comment Share on other sites More sharing options...
Firhillista Posted July 20, 2010 Report Share Posted July 20, 2010 I think the point is they're supposed to put money INTO the club, not take it out. (Noises off of angry Thistle fans grinding axes...) Quote Link to comment Share on other sites More sharing options...
McKennan Posted July 20, 2010 Report Share Posted July 20, 2010 I don't think there's a 'typical' board size. It's not the numbers, it's the effectiveness. Or lack of. Or whatever. Quote Link to comment Share on other sites More sharing options...
Junior Posted July 20, 2010 Report Share Posted July 20, 2010 Only director that drew a salary was Eddie prentice and before that Alan Dick. Cant see anything in the accounts. If anything it costs them as I think they have to make a payment fo £10k in either cash or via sponsorship or hospitality to remain a director (whichever is all fine by me as long as they are all paying something into the club) Quote Link to comment Share on other sites More sharing options...
Woodstock Jag Posted July 20, 2010 Report Share Posted July 20, 2010 The thing about having a large number of directors is that if they are doing a bad job, it's not so easy to get rid of them... Quote Link to comment Share on other sites More sharing options...
McKennan Posted July 20, 2010 Report Share Posted July 20, 2010 Only director that drew a salary was Eddie prentice and before that Alan Dick. Cant see anything in the accounts. If anything it costs them as I think they have to make a payment fo £10k in either cash or via sponsorship or hospitality to remain a director (whichever is all fine by me as long as they are all paying something into the club) Is that still the case? I thought it was a device to get rid of the inconvenient a couple of seasons ago. There you go. You learn something every day. Quote Link to comment Share on other sites More sharing options...
Woodstock Jag Posted July 20, 2010 Report Share Posted July 20, 2010 Is that still the case? I thought it was a device to get rid of the inconvenient a couple of seasons ago. There you go. You learn something every day. Don't take it as Gospel, but I thought the £10k was the initial figure suggested, but that £5k was settled on? Either way I'm fairly certain it's still in place (the Jags Trust excepted in light of the 1876 merger). Quote Link to comment Share on other sites More sharing options...
McKennan Posted July 21, 2010 Report Share Posted July 21, 2010 There's no gospel, dear boy. Just the same 'absolute discretion' used by the SPL when it comes to making shit up as we go along. Quote Link to comment Share on other sites More sharing options...
Junior Posted July 21, 2010 Report Share Posted July 21, 2010 As far as I know its still the case. There isnt enough of a breakdown of figures in the accounts to confirm it but maybe thats one for the JT to ask ? Just a simple "Do the directors still pay a yearly fee ?" with a Yes/No answer will do Quote Link to comment Share on other sites More sharing options...
Guest grahamgibsonlickedmyaero Posted July 21, 2010 Report Share Posted July 21, 2010 who are the non-executive directors? Quote Link to comment Share on other sites More sharing options...
Vom Itorium Posted July 21, 2010 Report Share Posted July 21, 2010 As far as I know its still the case. There isnt enough of a breakdown of figures in the accounts to confirm it but maybe thats one for the JT to ask ? Just a simple "Do the directors still pay a yearly fee ?" with a Yes/No answer will do So the JT ask the question.. then what? Quote Link to comment Share on other sites More sharing options...
Dr.D Posted July 21, 2010 Report Share Posted July 21, 2010 I'm under the impression all Directors chip in 5 grand each year. Think that's fair enough considering all the abuse they get on this Forum et al. Quote Link to comment Share on other sites More sharing options...
lady-isobel-barnett Posted July 21, 2010 Report Share Posted July 21, 2010 Do the directors get free travel to away games? Do the directors pay to get into away matches? Do the directors buy a season ticket? Quick calculation but I go to most matches and it costs me roughly £850-£900 for away travel and entry plus season ticket. Quote Link to comment Share on other sites More sharing options...
jaf Posted July 21, 2010 Report Share Posted July 21, 2010 Is the Board of Directors under the control of people who also control the propco board of directors? If the club does badly financially is there any upside for propco? Does anyone care? Quote Link to comment Share on other sites More sharing options...
jags365 Posted July 21, 2010 Report Share Posted July 21, 2010 Do the directors get free travel to away games? Do the directors pay to get into away matches? Do the directors buy a season ticket? Quick calculation but I go to most matches and it costs me roughly £850-£900 for away travel and entry plus season ticket. Don't think any directors pay to get into any other ground as they're usually 'invited'? Quote Link to comment Share on other sites More sharing options...
McKennan Posted July 21, 2010 Report Share Posted July 21, 2010 If a Thistle director, standing alone in a wood, speaks and there isn't a Jags fan to hear him, is he still wrong? Quote Link to comment Share on other sites More sharing options...
McKennan Posted July 21, 2010 Report Share Posted July 21, 2010 Don't think any directors pay to get into any other ground as they're usually 'invited'? It seems to be the diplomatic thing to do. Quote Link to comment Share on other sites More sharing options...
Members Willjag Posted July 21, 2010 Members Report Share Posted July 21, 2010 I could be entirely wrong here but, I was under the impression that the Directors paid a 'fee' and for that ''fee' they were entitled to 4 seats at hospitality per game. That way the Club has a guaranteed amount of hospitality for the season and hopefully make some extra cash at the bar, draws etc! Two or three years ago, one Director told me they paid £7500/year for this. I'd be surprised if the fee has dropped to £5k now, Indeed when the Trust was asked to pay the Directors fee a couple of years back, I'm reasonably sure the price was either £10k or £12.5k. Allan Heron would probably be able to confirm this. Quote Link to comment Share on other sites More sharing options...
Allan Heron Posted July 21, 2010 Report Share Posted July 21, 2010 I could be entirely wrong here but, I was under the impression that the Directors paid a 'fee' and for that ''fee' they were entitled to 4 seats at hospitality per game. That way the Club has a guaranteed amount of hospitality for the season and hopefully make some extra cash at the bar, draws etc! Two or three years ago, one Director told me they paid £7500/year for this. I'd be surprised if the fee has dropped to £5k now, Indeed when the Trust was asked to pay the Directors fee a couple of years back, I'm reasonably sure the price was either £10k or £12.5k. Allan Heron would probably be able to confirm this. When this issue came up originally the sum being quoted was £15,000. After discussion, this was reduced to £5,000 which at that time coincided with the amount we were planning to pay to the club to fund the prizes for the 1876 Club. Subsequently, it was agreed that the Trust would not be subject any fee as part of the agreement to migrate to the Centenary Fund although it would still apply for other directors. The club have also previously confirmed that the Directors are able to make this contribution in kind as well (e.g. by buying hospitality). It certainly doesn't appear as a seperate items in the accounts and will be "lost" in the general income analysis. I also think McKennan's suggested analysis of the situation is pretty accurate as well. Just another sign of the general dysfunction that operates at board level imo. Quote Link to comment Share on other sites More sharing options...
Ronaldinho Posted July 21, 2010 Report Share Posted July 21, 2010 When this issue came up originally the sum being quoted was £15,000. After discussion, this was reduced to £5,000 which at that time coincided with the amount we were planning to pay to the club to fund the prizes for the 1876 Club. Subsequently, it was agreed that the Trust would not be subject any fee as part of the agreement to migrate to the Centenary Fund although it would still apply for other directors. The club have also previously confirmed that the Directors are able to make this contribution in kind as well (e.g. by buying hospitality). It certainly doesn't appear as a seperate items in the accounts and will be "lost" in the general income analysis. I also think McKennan's suggested analysis of the situation is pretty accurate as well. Just another sign of the general dysfunction that operates at board level imo. I vaguely remember - and I'll be corrected if I'm wrong - that the fee was specially reduced for the trust as it was too difficult to raise £15,000, and that payment in kind was only allowed at first for the trust, but then as it involved a change in constitution, the Directors were also able to do this. Since the migration to the Centenary Fund I don't see why these changes haven't been reversed (or at least partially reversed) as the trust are no longer required to make the payments. Quote Link to comment Share on other sites More sharing options...
twinny Posted July 21, 2010 Report Share Posted July 21, 2010 When this issue came up originally the sum being quoted was £15,000. After discussion, this was reduced to £5,000 which at that time coincided with the amount we were planning to pay to the club to fund the prizes for the 1876 Club. Subsequently, it was agreed that the Trust would not be subject any fee as part of the agreement to migrate to the Centenary Fund although it would still apply for other directors. The club have also previously confirmed that the Directors are able to make this contribution in kind as well (e.g. by buying hospitality). It certainly doesn't appear as a seperate items in the accounts and will be "lost" in the general income analysis. I also think McKennan's suggested analysis of the situation is pretty accurate as well. Just another sign of the general dysfunction that operates at board level imo. Allan, would I be right in thinking then, that the Trust has the option to take up seats at hospitality with no added cost as a result of these agreements? I'm sure it has come up on here or the previous forum before, but who uses these seats, if anyone? If these seats haven't been used, is there any plans for the coming season? Quote Link to comment Share on other sites More sharing options...
Woodstock Jag Posted July 21, 2010 Report Share Posted July 21, 2010 Allan, would I be right in thinking then, that the Trust has the option to take up seats at hospitality with no added cost as a result of these agreements? I'm sure it has come up on here or the previous forum before, but who uses these seats, if anyone? If these seats haven't been used, is there any plans for the coming season? We have a certain number of Hospitality tickets to use (I can't remember the exact figure) over the course of each season allocated to us as part of the 1876 merger. Last season we used these mostly as prizes at Trust events such as the Meet the Manager, Race Night and Quiz Nights. Quote Link to comment Share on other sites More sharing options...
Allan Heron Posted July 21, 2010 Report Share Posted July 21, 2010 (edited) I vaguely remember - and I'll be corrected if I'm wrong - that the fee was specially reduced for the trust as it was too difficult to raise £15,000, and that payment in kind was only allowed at first for the trust, but then as it involved a change in constitution, the Directors were also able to do this. Since the migration to the Centenary Fund I don't see why these changes haven't been reversed (or at least partially reversed) as the trust are no longer required to make the payments. We had no intention of paying the £15,000 - the £5,000 was a convenient way of allowing the club to have this apply equally to all directors but effectively meaning that it was covered by an amount we were going to spend anyway. Prior to this, the directors were able to make the payments in the same way so covering the payment by purchase of hospitality or suchlike was already allowed. None of this is any requirement covered by any rules or regulations, it is merely something agreed by the Club Board so there are no regulatory or constitutional issues to deal with. Edited July 21, 2010 by Allan Heron Quote Link to comment Share on other sites More sharing options...
Allan Heron Posted July 21, 2010 Report Share Posted July 21, 2010 We have a certain number of Hospitality tickets to use (I can't remember the exact figure) over the course of each season allocated to us as part of the 1876 merger. Last season we used these mostly as prizes at Trust events such as the Meet the Manager, Race Night and Quiz Nights. 24 Quote Link to comment Share on other sites More sharing options...
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