Trust Response To Property Company Proposals...

The Trust Board have now had time to consider their response to the information supplied by the Club at their recent Annual General Meeting. In general terms, only the most basic of information has been made available and our view is that we, and both small shareholders and fans, will require much more detail of the proposals before we can come to any firm conclusions.

At the AGM, Chairman Allan Cowan indicated that he would welcome the input of the Trust in helping to shape the proposal. We wish to take him up on this offer and have communicated that to him.

We have also outlined what we regard as our main aims in such discussions:-

• To establish that this proposal represents the best way in which both the issues of our financing and the ability of Partick Thistle to survive and prosper can be resolved.
  
• To ensure that there are sufficient safeguards in place that secure the right of Partick Thistle to continue to play at Firhill in the long term and/or ensure that any decision to leave at any point in the future will be solely driven by the needs of the football club
  
• To ensure that the proposal does allow Partick Thistle to operate in a stable and at least break-even position going forward.
  
• To encourage the club to have a full and open consultation with both small shareholders and fans to build a positive consensus around the proposal.