Jordanhill Jag 263 Report post Posted December 1 1 hour ago, scotty said: But we're not talking about shareholdings we're looking at the organisation of the football club. The Football Club is a Limited Company and governed by the Companies Act ( which some people seem to be missing ) 2 Quote Share this post Link to post Share on other sites
Semi Nurainen 296 Report post Posted December 1 14 minutes ago, Jordanhill Jag said: The Football Club is a Limited Company and governed by the Companies Act ( which some people seem to be missing ) +1 Quote Share this post Link to post Share on other sites
scotty 285 Report post Posted December 1 So what does the Companies Act say about how a trust holding shares for fans operates? Which is what we were talking about. Not what the directors who are appointed to the board do. Quote Share this post Link to post Share on other sites
Garscube Road End 758 Report post Posted December 1 (edited) 4 hours ago, allyo said: Ah well hang on. There was a girl with a saxophone with him, right enough Was she a sexy saxophonist? Edited December 1 by Garscube Road End Quote Share this post Link to post Share on other sites
Jordanhill Jag 263 Report post Posted December 1 4 hours ago, scotty said: So what does the Companies Act say about how a trust holding shares for fans operates? Which is what we were talking about. Not what the directors who are appointed to the board do. The Shareholding Vehicle doesn't impact on how the Company Operates - there are obviously rules of Corporate Governance for any Trust but by and large the Limited Company operates the same way as any other Company - Board of Directors being responsible solely Quote Share this post Link to post Share on other sites
jaf 204 Report post Posted December 1 14 hours ago, scotty said: The only difficulty I see with this is that the club will then be owned by two fans' organisations. Fans will be able to join one or both organisations and therefore the checks and balances could be negated. Perhaps if the two organisations had different roles. one fundraising and the other management it could work. Not for the first time we seem in totally different wavelengths. your post was about the merits or rather demerits of separate ownership by two fans organisations how any owner - trust or otherwise - achieves ownership is by being a shareholder my point was then about a merit to counter your demerits Then you claim that’s not what was being talked about! I’m completely lost following the logic but I’m sure you will be right Quote Share this post Link to post Share on other sites
ScottyDFA 93 Report post Posted December 2 14 hours ago, BowenBoys said: My identity is fairly well known. I worked with Jim's nephew many years ago. He was very nice too. Jim Oliver, or Jim Bowen? Quote Share this post Link to post Share on other sites
scotty 285 Report post Posted December 2 (edited) 7 hours ago, jaf said: Not for the first time we seem in totally different wavelengths. your post was about the merits or rather demerits of separate ownership by two fans organisations how any owner - trust or otherwise - achieves ownership is by being a shareholder my point was then about a merit to counter your demerits Then you claim that’s not what was being talked about! I’m completely lost following the logic but I’m sure you will be right Sorry, we have come at this from two different directions. I was thinking about the two fans organisations. The same fan will be able to join both, so if a number of them want to push the club in a certain direction then they can use their votes to push things in their way. But if the other organisation want things to go in a different way then the crossover could make the situation unworkable. We are talking about shareholdings held by groups of people not individuals. I don't know how rules to protect minority shareholders can help if there are conflicts outwith the boardroom. Maybe you can clarify for me. Edited December 2 by scotty spelling Quote Share this post Link to post Share on other sites
jagfox 690 Report post Posted December 2 Some fans won't be able to join the PTFC Trust under its current entry requirements. I meet them but still haven't been registered. Quote Share this post Link to post Share on other sites
BowenBoys 1,406 Report post Posted December 2 7 hours ago, ScottyDFA said: Jim Oliver, or Jim Bowen? Oliver. I'm sure we all think of JB at 4.45 on Saturdays when we look at what we could have won. Quote Share this post Link to post Share on other sites