It has been brought to our attention that Stewart MacGregor, of Ark Sport, approached at least one other fan at the Cove game today and informed them that the share transfer to PTFC Trust will go ahead next week. This is the same Stewart MacGregor who has publicly and privately insisted that he had no…
You will recall that, on Sunday 21st August, we sent a letter to the PTFC Trust trustees, with the consent and on behalf of (what was then) over 200 season ticket-holders (this is now more than 300). We followed-up with an email on Wednesday 24th August after we had not received a substantive response, and…
As promised, The Jags Foundation has examined the PTFC Trust proposal document (published on Friday). We are told this formed the basis of their offer to Three Black Cats (3BC) for the majority shareholding at Partick Thistle. Far from clarifying matters, the document raises further serious questions. The same must also be said for both…
The following letter was, this afternoon, sent to the trustees of the PTFC Trust. To the trustees of the PTFC Trust, We write to you on behalf of 202 season ticket holders who are therefore, or are soon expected to be, beneficiaries of the PTFC Trust. Having requested and received their permission to make representations…
Yesterday, Three Black Cats (3BC) – the majority shareholder of Partick Thistle Football Club, announced that PTFC Trust – an existing shareholder of the Club – as the “preferred recipient” of the 55% majority shareholding in the Club. We have scrutinised the 3BC statement, the PTFC Trust’s own statement from yesterday, and other available information…
The Jags Foundation is aware of Three Black Cats’ announcement regarding the designation of the PTFC Trust as the preferred recipient of the majority shareholding of Partick Thistle. We will be looking at the publicly available information provided following this announcement, and will provide our assessment of the situation having consulted collectively as a board….
On the evening of Monday 8th August, Three Black Cats (3BC) made a statement explaining why they had rejected The Jags Foundation as the preferred recipient for the 55% shareholding in PTFC. That statement acknowledged that we were a “strong option” but said: “The Jags Foundation’s approach was akin to negotiating a share purchase rather than…
The support we have received from Partick Thistle fans in this past week has been beyond our most optimistic of expectations. This process has been exhausting for those involved, but we have made ourselves available to you because you deserve a proactive and accountable form of fan representation. The Foundation now has over 710 members…
As we set out in our long-form document yesterday, the “negotiations” with Three Black Cats (3BC) restarted on Monday 20th June, with a face-to-face meeting. We were asked for a number of documents ahead of that meeting. One of the documents we provided (though were not actually asked for) was a Vision Statement. Over and above…
As you will have now seen, Three Black Cats wishes to proceed with an alternative ownership destination other than The Jags Foundation. We thought it was important to let you know that we had been removed from the process last night. For the avoidance of doubt, we still do not know for certain who this…