A public meeting is planned for November 29, after which a shareholder vote would take place by the end of January.

Thistle insist there is “no intention to dilute the club’s shareholding below 65.3%” and that it was predicted last year that the extra £500,000 would be needed.

The initial investment covered losses made over two years, investment in new ticketing and cashier systems, the creation of revenue-generating reception areas inside the stadium, while the women’s team saw its budget increase and safeguarded the future of Partick Thistle Youth Academy.

Businessman and Thistle director Donald McClymont would invest a further £150,000, taking his total personal investment to £550,000, AI entrepreneur Da Chuang would add £100,000, while five others would invest £50,000 £ each while having the opportunity to sponsor the club for their businesses.

Thistle insists “investors have no control over the club” and “have very little chance of their money being returned to them”.

Around £200,000 of this money will be used to repair the stadium and the rest will be placed in high-interest bank accounts to build “a working capital reserve for unforeseen circumstances in the future”.