Ad Lib

I didn’t realise the PTFC Trust were replacing their sixth trustee with John Terry on crutches.

But that’s not at the point the ball was played. That’s at the point Milne reaches the ball. He was running backwards when the ball was played.

Forgive me if I'm being dense but isn't it pretty clear why that was chalked off for offside? The goalkeeper and the defender in front of the goal got themselves past Milne, only the defender on the ground is between him and the by-line, and you need at least two players behind a player for them to be in an onside position?

The PTFC Trust could make a significant stride towards accountability and open communication by publishing the minutes of the Trust's trustee meetings from March onwards, as requested by more 200 (now more than 300) Jags Foundation members and season-ticket holders on Sunday.

For the avoidance of doubt, we don't know if this was a targeted attack or just a bot successfully brute-forcing their way into spoofing us. There were some yellow flags pointing towards a hack rather than a spoof, but we now think that is unlikely.

I see the PTFC Trust have decided to lock replies to their Q&A posts on their Facebook page. Fan-centric.

I can think of a few more appropriate verses.

A few folk have picked this up! If people have payment problems, or lapse/quit but rejoin, they get given a new membership number when they fill in the membership form afresh. We then merge their records but one of their numbers doesn’t get reused. We’re around about 780 members or so at the moment. Which is still about 150 or so more than when 3BC gave us the boot last week, but not quite as many as the above! It is fair to say, however, that 3BC and the PTFC Trust reboot have been pretty good recruiting tools. We should really be thanking them…

His Executors, to the best of my awareness.

Broadly this, yes. It was a little more complicated than that, because a couple of shareholders joined a few years after STJ (most notably David Beattie and Billy Allan). The post-STJ settlement was, ironically, deliberately designed to prevent a single majority shareholder acting unilaterally, and to require the co-operation of "the great and the good" for major decisions. You had a mix of people who had put in money, one genuine if unreliable fan-owned body as a major shareholder (The Jags Trust) and then 10% for Colin Weir for clearing our bank debt in 2015 and 19% for the PTFC Trust that was set up at the same time. I can't remember the exact maths of it all, but the ownership arrangements in 2019 remained so disparate that I think David Beattie almost needed the support of The Jags Trust's 7.5% shareholding to remove Jacqui Low and others from the Club Board. There were easily 8-10 different people among the 55% that was eventually sold to 3BC. The original post STJ settlement in the early 2000s had about 6 or 7 major shareholders, each roughly holding the same amount (about 12% i think?). But their shareholdings were diluted when new share capital was issued.

These are all very interesting questions Dougie. The PTFC Trust doesn’t have “members” it has “beneficiaries”. These used to be people who’d held a season ticket for this and the two prior seasons, and this was automatic rather than a proactive “opt-in” choice. However since the Trust was set up in 2015, it has only held one set of elections (in 2018) and none of its trustees have been elected by anyone since 3BC bought the majority shareholding in the Club in November 2019. They have purported, among other things, to change their rules again, so that all season ticket holders are automatically beneficiaries, whether they want to be or not. Being a trust, rather than a company, its duties of public disclosure and accountability are much reduced. There is no requirement for an AGM or mechanism to call an EGM, unless the new Trust deed, which they haven’t published, provides for it. There are no members or shareholders who could trigger one. We have absolutely no idea if or when the new PTFC Trust plans to hold elections, or even how many of their trustees are to be elected rather than appointed by others (under the old deed half the trustees were Club Board appointees). The default position under the Companies Acts is that a majority shareholder can remove the entire Board of Directors (just as David Beattie removed Jacqui Low’s Board in summer 2019). But we don’t yet know whether the Club Board still retains influence over the governance of the Trust, or indeed if the Trust has conceded other arrangements, to qualify or fetter those default powers. It’s almost as though a fan ownership vehicle should be open and transparent about its rules, maybe hold an EGM to ask members to adopt them, or something. Oh wait. That’s exactly what TJF are doing.

This didn't get the appreciation it deserved.

Peter Shand is a lawyer. He does estate planning for high net worth individuals. He is a partner of Murray Beith Murray, who Colin Weir retained to deal with his assets. He sits effectively as a director on the Three Black Cats Board on behalf of MBM Board Nominees Ltd, which is part of Murray Beith Murray. He and Jacqui Low were effectively Colin Weir’s main representatives when 3BC pivoted from saying they were going to build us a training ground to saying that they were going to buy the club and gift it to the fans instead. He does not sit on the Club Board, but we are aware that he has carried out legal work for other entities connected with Partick Thistle, not just 3BC or the Club itself. He also writes an utterly nauseating column in The Scotsman about how fascinating it is when people create trusts to avoid tax.

When the Negotiations team reported it back to us on the evening of Monday 20th June my jaw hit the floor.

https://thejagsfoundation.co.uk/fan-ownership-or-sham-ownership-you-decide/

Well indeed, oneteaminglasgow. You are going to have some very interesting morning reading. Brew a strong and large coffee.

There are a lot of things I want to say, and none of them are polite.

We scored three goals away from home against the bookies’ favourites for the title, and both goals conceded were from set-pieces with a make-shift defence owing to injuries. We’re doing absolutely fine. PS could you please bottle your salty tears and send them to Firhill Stadium?

That probably suggests that your team is shite and that it therefore won't finish above teams that take advantage of such mistakes. Too bad. Too bad.

Thank you for guaranteeing we will now lose the other three

“Hey Siri, show me the exodus of the Derry End. Safe search off.”

We bully you into giving away fans preferential treatment then we take three goals and three points. Box Office. You love to see it. Stick that in your spam folder.