Partick Thistle FC majority shareholder plans to gift shares to fans

Euromillions winner Colin Weir has bought the majority share (55%) of Partick Thistle FC through his Three Black Cats (TBC) company, with the intention of eventually gifting those shares to fans.

Mr Weir bought the majority share in the club after he won £161m on the Euromillions. He completed a takeover of the Maryhill club on Wednesday.

Following his takeover, TBC has revealed the new interim directors who will run the club until early next year.

The new directors are Colin Weir, Dr Charan Gill MBE, Ian Dodd, Alan Caldwell, Andrew Byron and John Penman, with another director set to be announced at a later date.

TBC also asked the PTFC Trust and Thistle for Ever group to work collectively to establish a workable model for fan ownership.

The new fan ownership model will be created with input from the club’s fanbase before being approved by TBC and the Thistle board.

STV reports that the shares will be transferred to fan ownership by March 30th.

Mr Weir said: “Thistle for Ever (the fan group spearheading the campaign) planted the thought of fan ownership as a real option in my mind.

“But this has all happened quicker than anyone might have anticipated. That’s why I have offered a three to four-month window for fans to get everything in place before handing over shares.

“They want to get it right and I want to be sure that when the new entity is operational, there is a structure that will allow for a smooth transfer of ownership. This is a major financial commitment on my part as fan owners will not need to repay a penny - but I believe this gives fan ownership the best possible start.

“There will be a further announcement about the members of the interim Board and, subsequent to that, in relation to my funding of the Thistle Weir Youth Academy.

“Today is a great day for a Club that means everything to me. I hope that fans can get behind this exciting development. They talk about Thistle being their Club - and now it really will be.”

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