The Jags Foundation welcomes the publication of the Memorandum of Understanding entered into between the PTFC Trust and the Club. We make the following observations. A departure from best practice Firstly, this arrangement differs significantly from the arrangements in place at other Football Clubs that are fan-owned. A memorandum of understanding provides no legally enforceable…
The Board of TJF has noted the update published by the Football Club this afternoon, confirming that the Scottish Football Association has ratified the change of majority control from Three Black Cats to the PTFC Trust. We were already aware of this decision, following our own correspondence with the SFA, and the announcement is of…
This was first released as a members-only update. In response to feedback it has been made available to the wider Thistle support. If you want to be kept in the loop, and to have your say in the future direction of our Club, you can join The Jags Foundation today. On Tuesday 1st November, five…
The Jags Foundation Board has taken the last few days to read, understand and reflect on, the Football Club’s annual accounts for the year ended 31st May 2022. We have compiled a report, explaining some of the most important parts of those accounts, and placing the numbers into context as best we can. Revaluation of…
We can confirm that a face-to-face meeting between the TJF Board and the PTFC Trust trustees has been arranged. This meeting will take place in the first week of November and we will seek to update our members on any developments that arise from it. As always, we are extremely grateful to our (now) more…
Yesterday was an important day in the history of our football club, but for all the wrong reasons. We have taken our time to collect our thoughts and to respond constructively. We have produced a statement, which we encourage all fans to read in full. Click here to read the full statement In that statement,…
First and foremost, it was great to see Thistle reach the summit of the Championship table yesterday, albeit in frustrating circumstances. Whatever Thistle’s issues off the park, it is reassuring that the players on it are laser focused on delivering success and entertainment on it. Post-EGM activity Before our EGM, we conducted a members’ survey to sense…
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…