But he now wants to make sure the club are controlled long-term by the fans who cherish the Jags most.

Weir said: "I am grateful to the majority shareholding group and Firhill Developments Ltd for working with Three Black Cats (TBC) to pave the way for the exciting prospect of fan ownership for Thistle. I will ensure that the trust they are placing in me is not misplaced.

"Thistle For Ever planted the thought of fan ownership as a real option in my mind. From there, TBC has taken the dream and is turning it in to a reality. 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 there 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 later 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."