OwenFJ

Three black cats, TBC or 3BC has one named company director - Jacqui Low. No fan group can change the ownership of that company. As long as that company is involved, Low is involved. The other named director - Colin Weir, has passed and as such his position in the company as a director is relinquished. It could be speculated - based on the companies house documents relating to 3BCs - that Colin weir setup the company with Jackie low as a director to manage finances that were originally for the much heralded training ground, then when she was kicked out of the club three black cats came back to buy the shares and reinstate low - money gone on purchase of shares, so no training facility for ptfc? The fan ownership model being proposed is basically passing a shareholding from one company (three black cats) to a new company (call it jags foundation or whatever). The board remains, but as a major shareholder the new company gets some seats on the board. So the company that Jacqui low is involved in will pass on shares and anything else thistle related, but as an individual JLow can stay of the ptfc board. Board positions for people who are not investing any personal wealth, and liabilities passed from Colin weirs old company to the new fan owned company. It’s a nice model for those in the comfy stadium chairs… Sign up to this and you get to play your part in owning the majority shares in a company that now has a stadium, pitch, squad. All of the above is purely speculation based on the publicly accessible information at companies house on ptfc and three black cats. Worth also noting that three black cats has one employee listed. Does that individual work for a holding company or do they ‘work’ at ptfc?..

What’s this chatter about financial worries and fan ownership facing problems? A quick look back at the recent history of the thistle boardroom paints a picture of how the current situation has been created: 2018/19 (ish) - JLow appointed to board to represent wealthy investor. - After Premiership relegation, boardroom changes happen and JLow takes over, enjoys the limelight as a figurehead. Lots of promises made including new training ground. - Roughly one year on, JLow and her board were kicked out of the club when a potential new ownership group appeared expressing an interest in buying the club. - JLow releases press announcements that Colin weir is to withdraw funding from club amid concerns of the proposed ownership model, anticipated fan reaction perhaps? - Colin weir buys the shareholding in club via company called three black cats, Jlow the only other company director of 3BC. - Jlow returns as the representative of the new majority shareholding company. Pals returned to board positions. Colin weir money earmarked for training ground has now gone into the purchase of the club, no training ground as promised by Jlow previously - Jlow announces plan for ‘fan ownership’ not a ‘fan run’ just ownership of shares and a place on the board? In this model, the current board remain in positions of power and control, but financial liability of said individuals is completely minimised. Do these current board members put financial investment into club? Or is it Colin weir who will be responsible for funding the future of the club? At this point fan reps hand selected by JLow to be involved in boardroom - Sadly, Colin weir passes. Potentially Three black cats has no further source of income, one sole director remains, JLow - Covid hits, club announces in past year it made a ‘small operational profit’. Closer inspection shows that 500k has been added to club during this year, meanwhile three black cats company has passed 500k onto a subsidiary of said company. Presumption is this is authorised by the sole company director - Jlow - Ptfc majority shareholding company three black cats is controlled by one director named JLow, Ptfc board is controlled by one main person JLow. Fan ownership has been constructed in a way to pass on the club, assets and financial responsibility to those who are underprepared for what this truly means (the fans). While individuals on the current board - do they put any personal Investment into the club? Or is the Colin weir funding source now drying up? The big question for the main person who has ran the club to this point. Are you prepared to provide information on the plans moving forward? Is the current board or individuals who constructed this situation now in the process of trying to pass on what has been created to unwitting fans? What is the current situation at the club? - what is the plan to fund the club as a going concern beyond the end of this season? Stadium in need of repair, pitch in need of repair, large number of players out of contract needing replaced in the summer (either with new contracts or new players), current club staff contracts to be honoured or paid up redundancies? Womens team to be funded? Youth teams to be funded? What’s the club plan and who’s paying for it? So many questions to be answered and very few answers coming from the main players who have created this situation. Jlow, where are you?