Torquay United Fans Forum

Dave wrote: ↑Today, 16:06 The Bryn consortium offered for all creditors to be paid in full within 6 months of the takeover, can't see the need to complicate matters.

Presumably season ticket sales are generating significant cashflow in the period.

140K to inland revenue doesnt suggest a bill accrued since we went into administration, its not so much the rationale behind sorting out creditors its the costs themselves, I would love to know from the bistro how they allowed the club to run up a £2900 bill or was that just a boozy lunch for the d...

The list of outstanding creditors just shows how badly the club was being run and running costs were not only out of control but there was no control, £2900 to a bistro in paignton ( perhaps someone could explain that one), £990 pounds to an embroidery service ( perhaps as part of his ludicrous con...

Just read this on X. Is it saying the £286K is what the club has available to pay the creditors or is the total club value? Seems like the Bryn were saying they were confident on settling debts within six months not immediately. Can anyone clarify? The 286k comes from the administrators assessment ...

Little anecdote about Neil Warnock - we were on holiday a couple of weeks ago and the place has a soccer pitch for the staff and they have a league between some of the different resorts. They’d recently upgraded to astroturf and they’d completed the work while Neil Warnock was staying there - appare...

I'm not sure why anyone would feel any negativity about what's already happening in such a short space of time. After the last several years of impending doom I'm feeling very positive about the future. Does anyone else feel the same? 100% - the club has survived and Warnock as Director of Football...

Very sad to see that Paul Holmes has passed away at the age of just 56.

Well some immediate relief due to survival but really what a truly awful team this year, with utterly abysmal management.

I'm probably being unfair on some individuals, but collectively whether the club remains full time or part time, I wouldn't be sorry to see the entire squad leave and start again.

It would be extremely boring to go into the subject of tax relief/evasion. As there is more than one way to peel an orange let's have a look at the man himself Dawson who appears to have transferred shares in his firm’s parent company to Mrs Dawson after she moved to the Channel Islands tax haven i...

The fact that football enjoys an incredibly generous tax regime maybe a good reason. The UK asks very few questions about tax loss that can be offset by companies against their profits. What extremely generous tax regimes are these? How can other companies offset the losses of a football club again...

Wouldn't have thought it was TUST. For starters they haven't got the money to cover the bond to the League and show they can cover 12 months expenses. Secondly, the leaders of TUST can't keep their mouths shut despite signing confidentiality agreements. That will not sit well with the Administrator...

Willowgull wrote: ↑05 Apr 2024, 18:08 Yes, very good point Exilegull. Obviously we don't know what debts the club has. But if a new bidder can come to an agreement I guess it is in their best interests?

Yes absolutely - Osborne is by far the largest creditor but the cleaner the slate any new bidder can start with the better.

Willowgull wrote: ↑05 Apr 2024, 17:33
This begs the question; are any of the bids suitable? Why wasn't Osborne able to come to agreement with any of the bidders?

Its likely it has gone into adminstration so an agreement can be reached with all creditors.

Well, that didn't work really did it? How do you know? Perhaps it could have got even worse, sooner. Perhaps her presence there prevented money being siphoned out the club. Or perhaps indeed there was nothing practical that could be done as the club simply is not capable of being run solvently full...

hector wrote: ↑05 Apr 2024, 14:33 Added to this is the insinuation from Osborne that she works as a volunteer; why would you work for free unless you agree with what those running the club say and do?

Maybe because you can have more positive influence by sitting inside the tent than outside?