Page 14 of 18
Osborne gone!
Posted: 26 Feb 2024, 23:21
by North Curry House
Admiral wrote: ↑26 Feb 2024, 22:05
Anyone able to enlighten me on who this is? They were an active director in Riviera Stadium Limited for a while and only resigned in December 2020.
PHATHANACHAROEN, Kawisara
Correspondence address
6 Beaconsfield Road, Clifton, Bristol, United Kingdom, BS8 2TS
Role RESIGNED
Director
Date of birth
December 1977
Appointed on
17 November 2020
Resigned on
1 December 2023
Another name that pops up frequently with Osborne is Christopher Lewis, another with some shady looking investments/losses.
This is his wife, 25+ years younger than CO and that is his address as listed at Company House.
It has previously been posted on here.
Osborne gone!
Posted: 26 Feb 2024, 23:32
by DerekDawkinsJnr
Admiral wrote: ↑26 Feb 2024, 22:05
Anyone able to enlighten me on who this is? They were an active director in Riviera Stadium Limited for a while and only resigned in December 2020.
PHATHANACHAROEN, Kawisara
Correspondence address
6 Beaconsfield Road, Clifton, Bristol, United Kingdom, BS8 2TS
Role RESIGNED
Director
Date of birth
December 1977
Appointed on
17 November 2020
Resigned on
1 December 2023
Another name that pops up frequently with Osborne is Christopher Lewis, another with some shady looking investments/losses.
I don't think it matters a great deal at this stage. All we know is she's a married Thai woman, 46yrs old.
Complete spitballing here:
Maybe she's CO's missus?
Osborne gone!
Posted: 27 Feb 2024, 07:52
by SuperNickyWroe
DerekDawkinsJnr wrote: ↑26 Feb 2024, 23:32
I don't think it matters a great deal at this stage. All we know is she's a married Thai woman, 46yrs old.
Complete spitballing here:
Maybe she's CO's missus?
That'll be at least two c*cks in that house then.....
Osborne gone!
Posted: 27 Feb 2024, 08:07
by greb46
SuperNickyWroe wrote: ↑27 Feb 2024, 07:52
That'll be at least two c*cks in that house then.....
Being a Thai "lady",you may well be right.
Osborne gone!
Posted: 27 Feb 2024, 09:13
by WestLondonYellow
From Pasoti.
"All I am saying is that the accounting convention stated in successive yearly accounts do not appear to have been applied. There may be a reason for it but it all seems as you say 'fishy'.
Argyle's plant and machinery value in their 2023 accounts, by comparison, was shown as £221,865 as opposed to TUFC's £2,731,691. I think that says it all. TUFC's value of plant and machinery in their accounts is more than ten times Argyle's - really!"
Osborne gone!
Posted: 27 Feb 2024, 09:49
by AdrianC
May be CO has been using that well known accounting practice of straight line appreciation rather than depreciation!
Whoever comes in, I would hope, will do a drains up job on the financials!
I’m hoping for someone in the Mike Bateson mould, just done steady / sensible stewardship!
Osborne gone!
Posted: 27 Feb 2024, 10:00
by leetufc
Not a CO fan so this post is not in defence of him - I am firmly in the camp that he was funding the club for ulterior motives
That being said, the value of the assets have been that high long before CO took over the club. They were as high as £1.5m back in 1998, and increased by a further £1.4m in 2012 when the Bench was completed
Osborne gone!
Posted: 27 Feb 2024, 10:53
by Brewers boy
Same accountant as Ken Dodd.
Osborne gone!
Posted: 27 Feb 2024, 11:41
by exilegull
WestLondonYellow wrote: ↑27 Feb 2024, 09:13
From Pasoti.
"All I am saying is that the accounting convention stated in successive yearly accounts do not appear to have been applied. There may be a reason for it but it all seems as you say 'fishy'.
Argyle's plant and machinery value in their 2023 accounts, by comparison, was shown as £221,865 as opposed to TUFC's £2,731,691. I think that says it all. TUFC's value of plant and machinery in their accounts is more than ten times Argyle's - really!"
Tangible assets were around £2.6million when Osborne took over the club and at June 2022 were £2.3million
Depreciation is around £60-70k per year and there are a few small additions a long the way. Nothing really strange in that.
I wouldn’t look at comparisons with Argyle - they own the ground so classifications will be different. For example I believe floodlights are probably classified by Argyle as part of the overall Freehold and building value but for United are probably property plant and equipment. However all this predates Osborne.
Osborne gone!
Posted: 29 Feb 2024, 13:25
by UnitedinDevon
If you read in between the lines of Downes press call today it would seem CO pulled funding directly when wages would have been due for this month which has caused some obvious worry
Looks like it's been sorted for this month
Osborne gone!
Posted: 29 Feb 2024, 15:07
by Jpr
wbw wrote: ↑24 Feb 2024, 11:08
I cannot believe some of the responses of "fans".
Osborne saved the club from oblivion when nobody else was remotely interested in investing. He's thrown away well over 5 million quid and got nothing but abuse for his money. The council wouldn't even engage with him on where the future is going.
He didn't go to games, was the biggest moan. Well neither does the owner of Man City, or Spurs, or Arsenal etc etc. It means nothing.
Osborne has been driven out, be careful what you wish for guys. His only mistake was not getting rid of Johnson two summers ago.
Maybe if he used the money from the loan he used against Torquay united to built a new stadium and have it ready to play in. Then things may have gone better for him, but he’d didn’t so Thank Goodness Torbay council said No, and that’s why the toys came out of his pram. Good riddance to him, And just hope he never goes near any other club.
Osborne gone!
Posted: 29 Feb 2024, 15:19
by portugull
My interpretation of what happened about Wages for February, and I know it is only conjecture, is that the Solicitor for the proposed Administrater said that CO cannot avoid his committment for Februarys wages because the announcement was made on the 22nd of February just 7 days before the month end.
Had he made the announcement on 31st January it might have been different.
Osborne gone!
Posted: 29 Feb 2024, 17:21
by UnitedinDevon
portugull wrote: ↑29 Feb 2024, 15:19
My interpretation of what happened about Wages for February, and I know it is only conjecture, is that the Solicitor for the proposed Administrater said that CO cannot avoid his committment for Februarys wages because the announcement was made on the 22nd of February just 7 days before the month end.
Had he made the announcement on 31st January it might have been different.
Not my understanding, it was due the day the news broke...
Osborne gone!
Posted: 29 Feb 2024, 17:59
by wbw
CO has covered the wages.
Osborne gone!
Posted: 01 Mar 2024, 04:23
by Southampton Gull
wbw wrote: ↑29 Feb 2024, 17:59
CO has covered the wages.
And no doubt pocketed the takings from last Saturday.......