Colkitto Posted February 14, 2023 Share Posted February 14, 2023 Looks like a bit of a mess. Big budget that you couldn't afford and a management team who failed to do anything with it. Waited until you got the funds from the Ibrox game to pay McCall etc off and now you have to go with an interim manager because you can't afford a new management team this season. 0 Quote Link to comment Share on other sites More sharing options...
jagfox Posted February 14, 2023 Share Posted February 14, 2023 TJF Statement concerning the Club Finances Spoiler circulated that to all members. It remains available on our website here and sections 3 to 5 are of most relevant interest. Despite some misleading proclamations, the Net Current Assets and Cash Reserves had both been greatly reduced, and the Current Ratio had fallen to close to 1, which we highlighted as an issue for the future. At the AGM, there was a plethora of questions on this topic from a number of shareholders and TJF representatives as proxies. There was not a feeling in the room these had been well answered. Given the history of recent loss-making by the previous Board, and the financial situation carried forward into this season as explained above (and now inherited by the new Board), that the Club's financial situation is now described as "challenging" ought to be a surprise to no-one. Most certainly not anyone who can read Accounts or was at the AGM. However, we again stress that we support the new board making appropriate assessment and implementing an appropriate plan. Conclusion Whilst the Club Board continue the important work on rebalancing the budgets, it is important to note that the financial challenges mentioned in the Club Board’s statement are not due to fan ownership. Some are keen to make a link that does not exist for whatever reason. We have confidence that our members can work out why that might be. In terms of the future, TJF have been in discussions with the Club Board about contributions to the budget in future years so that the Club can factor that into their own long-term budgets and financial planning. TJF have pledged significant funding for future seasons (subject to member approval). This is why we encourage fans to join TJF, and to support us financially, as into the future this will be an important, significant and regular recurring revenue stream for the club. Interesting times... 0 Quote Link to comment Share on other sites More sharing options...
Popular Post VictorOnopko Posted February 14, 2023 Popular Post Share Posted February 14, 2023 12 hours ago, virginton said: It confirms that you were spending money that you patently do not have in order to pursue a gormless 'promotion push'. 13 minutes ago, Colkitto said: Looks like a bit of a mess. Big budget that you couldn't afford and a management team who failed to do anything with it. Waited until you got the funds from the Ibrox game to pay McCall etc off and now you have to go with an interim manager because you can't afford a new management team this season. Thanks to you both for pointing out that our budgeting has been dodgy. The thousand plus fans who have joined the Jags Foundation and successfully binned Jacqui Low recently were all under the impression everything was absolutely fine, and no one noticed any red flags at all. I know I speak for a lot of Thistle fans when I say I've often thought down the years - "I wish we were more like Greenock Morton." 20 Quote Link to comment Share on other sites More sharing options...
jagfox Posted February 14, 2023 Share Posted February 14, 2023 From @thistlearchive on Twitter 1 Quote Link to comment Share on other sites More sharing options...
Pie Of The Month Posted February 14, 2023 Share Posted February 14, 2023 I'm surprised he's worse than Campbell on that list, just shows you how far being an apparent Thistle man can take you in terms of perception of how good or bad a job you're doing at the club. 1 Quote Link to comment Share on other sites More sharing options...
German Jag Posted February 14, 2023 Share Posted February 14, 2023 23 minutes ago, jagfox said: From @thistlearchive on Twitter Sandy Clark 0 Quote Link to comment Share on other sites More sharing options...
jagfox Posted February 14, 2023 Share Posted February 14, 2023 5 minutes ago, Pie Of The Month said: I'm surprised he's worse than Campbell on that list, just shows you how far being an apparent Thistle man can take you in terms of perception of how good or bad a job you're doing at the club. Yup, beyond the cap waving a second tier, mediocre, mid-table finish was his usual result. 0 Quote Link to comment Share on other sites More sharing options...
Colkitto Posted February 14, 2023 Share Posted February 14, 2023 44 minutes ago, VictorOnopko said: Thanks to you both for pointing out that our budgeting has been dodgy. The thousand plus fans who have joined the Jags Foundation and successfully binned Jacqui Low recently were all under the impression everything was absolutely fine, and no one noticed any red flags at all. I know I speak for a lot of Thistle fans when I say I've often thought down the years - "I wish we were more like Greenock Morton." It's not our fault your club is a mess. Vent your anger at those who have let this happen.. 0 Quote Link to comment Share on other sites More sharing options...
AMMjag Posted February 14, 2023 Share Posted February 14, 2023 Half of Campbell's games were in the 3rd tier otherwise he'd no doubt be closer to Caldwell. I assume Gretna are responsible for at least half of his 'Goals Against' column. 0 Quote Link to comment Share on other sites More sharing options...
jagfox Posted February 14, 2023 Share Posted February 14, 2023 I can't remember if Lambie had one full season in the third tier or two? 0 Quote Link to comment Share on other sites More sharing options...
Rudolph Hucker Posted February 14, 2023 Share Posted February 14, 2023 1 hour ago, VictorOnopko said: i know I speak for a lot of Thistle fans when I say I've often thought down the years - "I wish we were more like Greenock Morton." Thank you. And who on earth would blame you? We’re giving you something to aspire to: We’ve successfully completed the transition to fan ownership. While going through that difficult process we’ve still managed to be your equals in terms of league position. We are debt-free. We own our ground outright and are looking to build a new facility adjacent to it. We are well-sponsored. And we’re more than happy with our manager. 3 Quote Link to comment Share on other sites More sharing options...
Uncle Psychosis Posted February 14, 2023 Share Posted February 14, 2023 53 minutes ago, Colkitto said: It's not our fault your club is a mess. Vent your anger at those who have let this happen.. What, the board that we already forced out? 1 Quote Link to comment Share on other sites More sharing options...
Pie Of The Month Posted February 14, 2023 Share Posted February 14, 2023 You'd think Morton fans would be more clued up on the goings on at Firhill considering they care enough to have a multi page thread on their forum about how much they hate us. 5 Quote Link to comment Share on other sites More sharing options...
Nightmare Posted February 14, 2023 Share Posted February 14, 2023 57 minutes ago, Colkitto said: It's not our fault your club is a mess. Vent your anger at those who have let this happen.. We did. That’s why we’ve now got a new fan ownership group issuing statements about the mess the previous chairman and board left behind. 1 Quote Link to comment Share on other sites More sharing options...
Nightmare Posted February 14, 2023 Share Posted February 14, 2023 (edited) 1 hour ago, jagfox said: From @thistlearchive on Twitter His “I’m a Partick Thistle man” chat bought him a lot of time and goodwill with people, didn’t it? Ultimately he’s had 7 seasons with us (almost all in the second tier) and never really got close to promotion to the top flight. He’s a bog standard manager at this level and even one of the higher budgets in the league (afforded or not) can’t mask that. Edited February 14, 2023 by Nightmare 1 Quote Link to comment Share on other sites More sharing options...
Colkitto Posted February 14, 2023 Share Posted February 14, 2023 8 minutes ago, Pie Of The Month said: You'd think Morton fans would be more clued up on the goings on at Firhill considering they care enough to have a multi page thread on their forum about how much they hate us. You would think the Partick fans would be more grateful to learn from our experience of successfully transitioning to the fan ownership model. 0 Quote Link to comment Share on other sites More sharing options...
VictorOnopko Posted February 14, 2023 Share Posted February 14, 2023 30 minutes ago, Rudolph Hucker said: Thank you. And who on earth would blame you? We’re giving you something to aspire to: We’ve successfully completed the transition to fan ownership. While going through that difficult process we’ve still managed to be your equals in terms of league position. We are debt-free. We own our ground outright and are looking to build a new facility adjacent to it. We are well-sponsored. And we’re more than happy with our manager. Delighted for you. The debt-free stuff in particular is very impressive and I'm sure is the result of years of hard graft and savvy planning. Your manager is doing well, no doubt about it. Would you go as far as to say there's a Great Feeling at Cappielow? 1 Quote Link to comment Share on other sites More sharing options...
Arnold Layne Posted February 14, 2023 Share Posted February 14, 2023 2 hours ago, Colkitto said: Looks like a bit of a mess. Big budget that you couldn't afford and a management team who failed to do anything with it. Waited until you got the funds from the Ibrox game to pay McCall etc off and now you have to go with an interim manager because you can't afford a new management team this season. It is a mess. It's by no means clear whether the Ibrox funds have been used to pay the triumvirate off. Two carefully worded statements have stated that they have been 'relieved of their first team duties'. 0 Quote Link to comment Share on other sites More sharing options...
Rudolph Hucker Posted February 14, 2023 Share Posted February 14, 2023 37 minutes ago, VictorOnopko said: . Would you go as far as to say there's a Great Feeling at Cappielow? Wondered how long that would take! Nope, I wouldn't go that far, but I bet its a damn sight better than the feeling at Firhill has been for quite some time. Enjoy. 0 Quote Link to comment Share on other sites More sharing options...
Rudolph Hucker Posted February 14, 2023 Share Posted February 14, 2023 53 minutes ago, Pie Of The Month said: You'd think Morton fans would be more clued up on the goings on at Firhill considering they care enough to have a multi page thread on their forum about how much they hate us. Hmm..... I browse many of the Championship threads on P&B, but I've never, ever felt the need to seek out and read the forum of any other club to see if mine gets a mention. That's the literal definition of attention-seeking. Which is pretty much the definition of sooo many of your fan base. 0 Quote Link to comment Share on other sites More sharing options...
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