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Jags Trust

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  1. Members of the Jags Trust Board met with David Beattie (Chairperson) and Gerry Britton (CEO) at Firhill on 30 July 2019. DB thanked The Trust for the support given to the proposal to change the composition of the Board of PTFC Ltd. The JT noted that it seemed to have gone relatively quiet on the new ownership front and that much of the hype has died away ….. for the time being! We were reassured that the Scottish Football authorities were going through a process of due diligence, exploring issues associated with inter league dual-ownership etc and that to do this properly does take time. DB & GB confirmed this work was an ongoing and that the potential new ownership is still very much alive. We discussed the business model proposed by the aspiring new owners, which has been tried and tested elsewhere, and it was felt that it had the potential to be “transformational for Thistle”. David and Gerry brought us up to date with the other work carried out by the new Board over the last three weeks: Discussions had taken place with the administrative staff and Team Management re-roles, responsibilities and targets. The office has seen some familiar faces return. Essential work is being carried out by those with the necessary expertise and a suitable skills mix has been created. The development of Thistle’s training ground continues to be a “work in progress”. Information about the PTFC Charitable Trust was given and of the decision that they are the Clubs “chosen charity for season 2019-2020”. The Charitable Trust has access to grants and through these are able to support amputee football; kids framed football; projects for those who face addiction issues or are homeless etc. The Beatson had been the previously chosen charity. Fan Engagement was being promoted through meetings with representatives of the two Supporters Trusts. It was the Club’s hope that a closer working relationship between the two Supporters Trusts can be developed. General matters – Footfall during the Betfred Cup had increase, though Season ticket and Hospitality uptake were marginally down by comparison with this stage of last season. The Centenary Fund is an ongoing fundraiser for the Club and offers an opportunity for members to win a car (twice a year) & cash prizes each month. Club Open Day Saturday 10 August 2019, 11 – 3:30pm - open training session of both the men’s and women’s teams and stalls. More details on the Club website. The meeting and the nature of the discussions were viewed as positive by The Jags Trust and we look forward to re-establishing a closer working relationship with the new(ish) Board and to ongoing dialogue on matters of mutual interest and concern.
  2. The Jags Trust statement is in two forms, this relatively brief precis and the full document (available here) which explains the Trust Board’s support of moves to change the composition of the Board of PTFC Ltd. The Trust had sought a meeting with the Club Board, and that had been agreed in principle, though the CEO had been at pains to point out that the Club has no shares (a matter about which we had long been concerned). that if we wanted information, the Club could not provide it and we should, as had already been our intention, speak with those associated with the potential change of ownership. Subsequently, representatives of shareholders engaged with The Trust over several days and we discussed matters associated with the current and future operation of our Club. The Trust had been aware of the apparent weakening of the infrastructure of PTFC Ltd, particularly in respect of financial controls and had significant concerns over this. Further, it was unclear what recent additions to the Board brought to the table, and confidence was dwindling over issues of presentation and substance at the highest level. At this stage it must be stressed that utterly exempt from any criticism is Colin Weir whose massive contribution to Partick Thistle was, is and should always be respected. The Jags Trust had researched the bona fides of those identified in a potential change of ownership and produced a substantial document which explored: · the business and commercial background of Messrs Chien Lee and Conway · the business model they were applying to their growing football portfolio · the Billy Beane/Moneyball philosophy · the fundamental question of “Why Thistle?” · the threats to and opportunities for our Club. The full statement summarises the findings/conclusions based on this research. Reasons of confidentiality, commercial sensitivity and time pressures rendered it impossible to consult with the membership and thus The Board of the Trust was faced with the options of either taking an informed decision on what we felt was in the best interests of our Club, or of sitting on the side-lines doing nothing. We felt that to abrogate our responsibilities and do nothing would be to betray the spirit of “Save The Jags” from which The Trust had been formed! Some will, inevitably, disagree with our interpretation, our conclusions and our actions. None should question our motivation. Ultimately, the Board of the Trust backed moves to alter the composition of the Board of PTFC Ltd by removing Ms Low and Messrs Smillie and Robertson, the return to the Board of Messrs Beattie, Springford, Gilfillan and the appointment of David Kelly who, until earlier this year, had been Financial Controller at the Club. The Jags Trust’s shares cannot be traded, and we will have no locus in transactions between individual shareholders and parties behind any potential change of ownership – but we have a voice which will be heard![1] There are no guarantees in sport, and nothing is without some risk, but the potential change of ownership appears to offer, at the very worst, nothing which could be regarded as inferior to what we already faced in the season ahead. In essence, the proposals appear to offer hope where there was very little and potential for progress at a rate which could not otherwise be envisaged. Should time permit it, we would urge you to read the full statement [1] To make that “voice”, your voice, join The Jags Trust! Link to full statement here
  3. Office Bearers of The Jags Trust (the trading name of The Partick Thistle Supporters Association) have been aware of the ongoing speculation regarding a potential takeover of our Club. We have also read the statement recently released by PTFC Ltd. After Save The Jags, the 1,000,000 B Shares allocated to The Jags Trust made supporters the equal largest shareholder, though that position has since been diminished by subsequent share issues and now represents 7.46% of issued shares. The Jags Trust can confirm that we have not been approached with reference to our shareholding which, in any event, cannot be sold. We will continue to monitor this situation and have communicated with the Club as representatives of a body of supporters with a significant shareholding, seeking an early opportunity to meet with members of the Board to be briefed on the current position vis-a-vis any potential change of ownership of The Club. It has now been agreed with the Board that such a meeting will be held at a mutually convenient date as soon as can be arranged. We hope that it will be possible, thereafter, to provide our membership and the wider support with some definitive, rather than speculative, information. A similar dialogue with representatives of those seeking to gain ownership of The Club is being sought subject, of course, to their identity being confirmed. Morag McHaffie Chairperson: The Jags Trust Chairperson: Supporters Direct Scotland
  4. Office Bearers of The Jags Trust (the trading name of The Partick Thistle Supporters Association) have been aware of the ongoing speculation regarding a potential takeover of our Club. We have also read the statement recently released by PTFC Ltd. After Save The Jags, the 1,000,000 B Shares allocated to The Jags Trust made supporters the equal largest shareholder, though that position has since been diminished by subsequent share issues. The Jags Trust can confirm that we have not been approached with reference to our shareholding which, in any event, cannot be sold. We will continue to monitor this situation and will attempt to liaise with the Club to ensure that members, and indeed all Thistle fans, are in possession of as much accurate information as possible. Morag McHaffie Chairperson: The Jags Trust Chairperson: Supporters Direct Scotland _______________________________________________________________
  5. A limited number of tickets remain for tomorrow night’s Player of the Year Presentation and Dance, hosted by The Jags Trust. Please remember access is by ticket only so don’t be left disappointed and be there to (hopefully) share a sense of relief! Buy your tickets from Supporters Branches: Janis – City Centre Iain or Alistair - Jordanhill Paul - Cumbernauld Maggie – North West Mark – Jags Disabled Supporters Group. Or meet with Morag at 2:30-2:40 pm outside Club Shop on Firhill Rd or 2:50 pm at the Programme Kiosk on the concourse of the JH Stand or, finally, in the JHS (Seat Q80). Player of the Year Presentation and Dance Saturday 27 April 2019, Aitken Suite, Firhill Rd Doors Open 7:30 pm – midnight Access by Ticket only: £10
  6. Sorry to read that contact was lost with you ARu-Strathbungo . The Jags Trust will be delighted to see you at the AGM on Saturday 6 April 2019, where you will be able to renew your lapsed membership. Anyone in a similar position, or indeed anyone wanting to (re)join is welcome to come along The annual membership fee remains £10 (individual), £5 (Concession), £20 Family (maximum of 4 members). These fees assist the Jags Trust to support the Club and wider community. Morag McHaffie Chairperson
  7. As the season is drawing to a close, we look forward to celebrating the Player of the Year Awards evening with Gary Caldwell and Players. Doors opening at 7:30 pm on the evening of 27 April 2019, Thistle fans are invited to join Supporters Branches and The Jags Trust in the Aitken Suite as they make their presentations to the winning player(s). The social evening will provide the opportunity to have photographs taken with and chat to the players about the season, before dancing until midnight. Player of the Year Presentation and Dance Saturday 27 April 2019, Aitken Suite, Firhill Rd Doors Open 7:30 pm – midnight Tickets £10 (available from Jags Trust committee members or Morag (seat Q80 JH Stand) Morag McHaffie Chairperson The Jags Trust and SD Scotland.
  8. All members are invited to the Annual General Meeting of Partick Thistle Supporters Association (trading as “The Jags Trust”) which will take place on Saturday 6 April 2019 at 12 o’clock. The meeting will be held in the Chairman’s Lounge, in the Colin Weir Stand, entering from Firhill Road. We are delighted to say that our meeting will be opened by guest and speaker Gerry Britton PTFC Ltd Chief Executive and followed by the business matters of the AGM.
  9. Further to consultation with the representatives of the City Centre, Cumbernauld, Jordanhill, North West Supporters Branches and Jags Disabled Supporters Group we have, with regret, decided that Sunday evening’s Player of the Season 2017 - 2018 presentation should be cancelled. We concluded that it would not be appropriate to have the manager, players, and backroom staff attend this supporters’ event when they may have much more important matters to focus on over the coming week. Our apologies for any disappointment and, of course, anyone who has already bought tickets will be reimbursed in full. Alternative arrangements will be made for the presentation of awards at a later date.
  10. Further to consultation with the representatives of the City Centre, Cumbernauld, Jordanhill, North West Supporters Branches and Jags Disabled Supporters Group we have, with regret, decided that Sunday evening’s Player of the Season 2017 - 2018 presentation should be cancelled. We concluded that it would not be appropriate to have the manager, players, and backroom staff attend this supporters’ event when they may have much more important matters to focus on over the coming week. Our apologies for any disappointment and, of course, anyone who has already bought tickets will be reimbursed in full. Alternative arrangements will be made for the presentation of awards at a later date.
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