I’m certainly not an expert in any of this but reading the summary I think 3BC could argue that although no Trust elections have been held etc, the Trust is still deemed to represent the fans as beneficiaries. Assuming there are more than 600 season ticket holders of 2years plus standing (which may well be the case) 3BC could argue that the Trust is more representative of the fans than the Foundation? I guess also if the shares were gifted to them , the Trust could call for or be pressured to hold elections after the event?
just reading Sandy’s post there. An almagamation of TJF and PTFC Trust to form one fans group may offer a solution to the current shambles