Gloomy Gull wrote: ↑
16 Jan 2017, 22:33
Glostergull wrote: ↑
16 Jan 2017, 12:15
I dont iive in the bay any more but i signed up too. first thing i did when i saw it online. so why cant others be bothered
It is not a case of "being bothered", but before I add my support to something like this I need someone to please explain, (without hysterical rhetoric about how GI are only asset strippers and have left other sports clubs in the wilderness etc.etc.etc,)
how looking to either block GI or force a change of direction from completing their business plan will secure the FUTURE
of Torquay United football.
If GI, who are business men first, can only see resistance to any change and indeed their ownership of the football business - with their first real experience of their new customers being a concerted effort to block their preferred way forward for their new business, would they:
a) Even consider providing any further financial support to the football club ?
b) Consider that the fans, who form a high percentage of their future customer base, are the sort of customers they would want to do ongoing business with ?
c) Take the view that the initial investment has gone bad and just leave it to wither and die on the vine, accepting that will result in a loss to their business ?
Now ..... Let's assume that the petition is successful and it is the day after the decision has been made by the council and any purchase of Plainmoor has been refused and GI has chosen to turn their back on their investment. What are the immediate actions/plans for a secure future for TUFC.
- GI immediately call in the loan to Riviera.
- The first steps to a members voluntary liquidation are taken by the shareholders of Riviera.
- The Council do not receive any rent payments - how long are they prepared to allow the ground to be used rent free?
- The TUST call on the fans to funds the take over of the company.
- TUST are successful in raising enough to buy TUFC from GI/Liquidator.
- TUST now have full day to day control of TUFC.
Hurrah!! I hear so many saying -"we are saved", "the ground is safe", "those asset strippers have been defeated" , "err.....who is going to run the business on a day to day basis?" "how are we going to fund the ongoing running costs for the next x number of years?"
This is a doomsday scenario and exaggerated, but I have yet to read a credible future plan if sufficient funds could be raised to buy the ground, to maintain a functioning football club business.
Before I get the inevitable slating for "not caring" I have supported this club for over 40 years and have no wish to watch it disappear down the toilet, but there has
to be a plan to keep the club alive for more than the immediate future.
I am not convinced that the GI model will be successful and am not suggesting that I support their intentions, but who amongst the Plainmoor Defence Unit have considered the financial implications of owning the club? We have seen the folly of saving the club from Admin without a credible tested financial plan for the long term - i.e. longer than the next season.