If GI fail getting the freehold...

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Richinns
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If GI fail getting the freehold...

Post by Richinns » 17 May 2017, 16:04

What we also must be aware of is there might be other options available now - the parting of the ways between Mr Smurthwaite and Port Vale potentially being one. I am not sure on the latest regarding this and whether he has actually sold the club as yet but if there were no other options at the time GI walked in (something which has been evidenced to perhaps be incorrect anyway) then there may be come the time GI decide to move on if thwarted in their plans.
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Post by nickbrod » 17 May 2017, 16:07

....but re-enter Peter Masters? Ditch Truro and arrive at TQ1?


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Post by westyorkshiregull » 17 May 2017, 16:25

If osborne and rich are 2 of the piggys which is the 3rd

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Post by Southampton Gull » 17 May 2017, 16:29

westyorkshiregull wrote:
17 May 2017, 16:25
If osborne and rich are 2 of the piggys which is the 3rd
Harrop has been known to put it away frequently ;)
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Post by desperado » 17 May 2017, 17:14

Think I would rather Smurthwaite than Masters
Poor old Geoff wont be very happy if GI make a swift exit, his brother in law is it? finds him a nice job then
says 'sorry Geoff, we're off now' .


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Post by Plainmoor78 » 17 May 2017, 17:57

Bomber wrote:
17 May 2017, 11:50


They could allow the club to slide towards Administration rather than dissolve in the first instance, but that would mean they would be forced to accept in the region of 10p in the pound or less for their original investment.
So GI would be forced to pay themselves 10% of their original investor?

A company going into administration can't also be its own creditor.


Plainmoor78
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Post by Plainmoor78 » 17 May 2017, 18:04

Even if GI weren't the only possible buyers at the time, who is to say that other potential owners wouldn't have also have had designs on the freehold.
I would have thought it was near impossible to turn a non league/lower league football club into a profitable business, so unless the potential owner was looking for a rich mans toy I would still be suspicious of any private investors.


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Post by gullpower » 17 May 2017, 18:40

Plainmoor78 wrote:
17 May 2017, 12:27
The important thing to realise is this. If GI fail to get the freehold of plainmoor then there is still somewhere for a football team representing the town of Torquay to play.
It doesn't matter if it is TUFC or a reincarnation, the fact is we will still have a football ground. If we fail to protect the ground then I cannot see professional football ever returning to the bay.
As for a new stadium, I honestly do not think that will ever happen; anyway there is nothing wrong with plainmoor that couldn't be fixed with a bit of imaginative business know how.
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Post by gullpower » 17 May 2017, 19:09

Nobody has mentioned the "T" word yet on this thread. I would but I might be labelled a militant again :nod:


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threelittlepiglets
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Post by threelittlepiglets » 17 May 2017, 19:09

lucy6lucy wrote:
17 May 2017, 11:13
Only you know the answer to this.
Meaning??


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Post by threelittlepiglets » 17 May 2017, 19:12

Fonda wrote:
17 May 2017, 12:04
I've no idea who you are, but if (as has been insinuated by others) you are in some way involved with the chancers in charge of the club, that sounds an awful lot like a veiled threat?

For what it's worth, I'd rather the club was dissolved and start again 10 levels below where it currently is than let a prospector use it as a vehicle for his own gain. Just my opinion though.

I stand on half way line Popside. How on earth is my post a threat?

I welcome anyone to come and talk with me, I am nothing to do with GI!!

Now with all due respect **** off!!


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Post by threelittlepiglets » 17 May 2017, 19:14

merse btpir wrote:
17 May 2017, 13:31
.......and so the predictable spectre of blackmail and threat come to play. Didn't take long did it!

What's the next one threelittlepiglets ~ the knock on the door? :|
I relish a face to face... to talk of course!


Plainmoor78
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Post by Plainmoor78 » 17 May 2017, 19:15

gullpower wrote:
17 May 2017, 19:09
Nobody has mentioned the "T" word yet on this thread. I would but I might be labelled a militant again :nod:
I would wait and see what the outcome is before we start discussing community ownership again. It would be a whole new ball game and probably very different to last time when TUST were strung along by the old board and Pete Masters.


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Post by merse btpir » 17 May 2017, 19:30

Plainmoor78 wrote:
17 May 2017, 18:04
Even if GI weren't the only possible buyers at the time.........
The last people who actually bought the club were the consortium with Alex Rowe as chairman who had no choice but to pay Mike Bateson what he was asking for his shareholding.

Since then it has been disposed of 'for £1' and now acquired in lieu of the inability of the board that carried out that transaction to repay Gaming International their injection of working capital.........GI did NOT buy Torquay United; they took possession of it!


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Post by westyorkshiregull » 17 May 2017, 19:52

threelittlepiglets wrote:
17 May 2017, 19:14
merse btpir wrote:
17 May 2017, 13:31
.......and so the predictable spectre of blackmail and threat come to play. Didn't take long did it!

What's the next one threelittlepiglets ~ the knock on the door? :|
I relish a face to face... to talk of course!


Bit pathetic whoever you are... clearly a troll or Clarke osborne / associate

Well we are the big bad wolves and contrary to that fairy tail we ARE going to blow your plans down.

END of piggy go stick that up your stout

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