PTSA t/a The Jags Trust members will have received an email today regarding “Consultation on the Club – PTFC Trust Agreement”.
As highlighted at the recent Annual General Meeting of PTSA t/a The Jags Trust a period of consultation would be taking place as the new year begins with regards to Club – Trust Agreement.
The document will become a legally binding agreement between PTFC Trust and the Club, to replace the Memorandum of Understanding (2022).
Over the past three months the Trustees of the PTFC Trust (majority shareholders) have been working closely with the football club Board to embed proper fan ownership protections at Partick Thistle. There was no point in reinventing the wheel so the equivalent documents of other fan owned clubs here in Scotland in England were scrutinised. The Trustees hope that the best of these other clubs working documents have been captured.
Openness and transparency are an important part of what has been done to date. Publishing of the draft agreement is to seek feedback for the beneficiaries of the PTFC Trust to ensure we have it right before it is signed, sealed and delivered, provisional date 24 February 2024
The consultancy period is from today 8th - 31 January 2024 and your feedback can be sent to ptfctrustees@gmail.com
Please note that contact@ptfctrust.com has technical issue and is not operable at present.
Going forward, PTFC Trust will operate with only two permanent corporate trustees: The Jags Trust and The Jags Foundation. It has been agreed that future trustees meeting will normally be attended by two representatives from each organisation.