Torquay United Fans Forum

Surely an administrator will make a financial judgement in order to ensure creditors etc are able to recover some or even all of the cash they are owed. With regard to our position then it may well be better to continue paying staff to ensure the club can continue playing matches that will generate ...

No idea how much finance is required to operate Torquay FC but all the various calculations would seem to overlook the fact that VAT is chargeable on admission receipts. VAT is a complex area but in broad terms for every £12K in gate receipts mean £10k for football and £2k for HMRC. And the latter s...