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Bryn Consortium Take-Over

Posted: 08 May 2024, 16:26
by Dave_Pougher
Willowgull wrote: 08 May 2024, 15:25 I've heard rumours that Edwards has left the club but as yet, unconfirmed.....
Hope its true, good riddance to bad influences, just one more to go :whistle:

Bryn Consortium Take-Over

Posted: 08 May 2024, 18:45
by TommyGunn
Also read that James Watt is to step down as chief executive of Brewdog.

Bryn Consortium Take-Over

Posted: 08 May 2024, 19:25
by wbw
TommyGunn wrote: 08 May 2024, 18:45 Also read that James Watt is to step down as chief executive of Brewdog.
Was first announced last year tbf. He has a bloody awful reputation as an employer as well.

Bryn Consortium Take-Over

Posted: 08 May 2024, 20:07
by North Curry House
🇻🇳 🇹🇴 Fly the flags. 😃 👍

Bryn Consortium Take-Over

Posted: 08 May 2024, 21:44
by Nick Potkins
North Curry House wrote: 08 May 2024, 20:07 🇻🇳 🇹🇴 Fly the flags. 😃 👍
What are you trying to say!

Bryn Consortium Take-Over

Posted: 09 May 2024, 05:57
by North Curry House
Replying to Dave_Pougher.

Bryn Consortium Take-Over

Posted: 10 May 2024, 11:51
by brucie
Statement out - Bryn Consortium takeover subject to Creditors Approval

Bryn Consortium Take-Over

Posted: 10 May 2024, 11:56
by Willowgull
Edwards and Hayman gone? :scarf:

Bryn Consortium Take-Over

Posted: 10 May 2024, 12:17
by portugull
Just the news we have been waiting for.

Although we await the detail next week this looks very positive indeed and I feel confident in saying the future for TUFC looks a lot brighter this morning than for a very long time.

Bryn Consortium Take-Over

Posted: 10 May 2024, 12:20
by SuperNickyWroe
Takeover completed! :clap:

https://www.bbc.co.uk/sport/football/ar ... 2x87yq5pyo

"Under the terms of the deal a company voluntary arrangement has been entered into which would see all tax debts and trade creditors paid in full within six months."

No money for Osborne.
Shame.

Bryn Consortium Take-Over

Posted: 10 May 2024, 12:46
by culmstockgull
SuperNickyWroe wrote: 10 May 2024, 12:20 Takeover completed! :clap:

https://www.bbc.co.uk/sport/football/ar ... 2x87yq5pyo

"Under the terms of the deal a company voluntary arrangement has been entered into which would see all tax debts and trade creditors paid in full within six months."

No money for Osborne.
Shame.
Not so sure about that, it seems according to the small print the Torquay United AFC Ltd will continue to run the club with the Bryn consortium being the major shareholder, I hope that does not mean that Edawrds and Hayman stay in post.

Bryn Consortium Take-Over

Posted: 10 May 2024, 13:14
by happytorq
culmstockgull wrote: 10 May 2024, 12:46 Not so sure about that, it seems according to the small print the Torquay United AFC Ltd will continue to run the club with the Bryn consortium being the major shareholder, I hope that does not mean that Edawrds and Hayman stay in post.
is this not how it always works? you own a piece (or all) of the TUAFC company and that allows you to control it.

not sure if that's something I'd be worried about

Bryn Consortium Take-Over

Posted: 10 May 2024, 13:19
by TUFCfan
culmstockgull wrote: 10 May 2024, 12:46 Not so sure about that, it seems according to the small print the Torquay United AFC Ltd will continue to run the club with the Bryn consortium being the major shareholder, I hope that does not mean that Edawrds and Hayman stay in post.
Torquay United AFC Ltd is the club as a whole. Osborne's company (Riviera Stadium Limited) owned the majority of the shares in that which will likely all be transferred over to the new ownership, the rest of the shares are owned by other/individual shareholders.

Bryn Consortium Take-Over

Posted: 10 May 2024, 13:28
by culmstockgull
TUFCfan wrote: 10 May 2024, 13:19 Torquay United AFC Ltd is the club as a whole. Osborne's company (Riviera Stadium Limited) owned the majority of the shares in that which will likely all be transferred over to the new ownership, the rest of the shares are owned by other/individual shareholders.
Thank you, that makes sense, I just want the old guard gone and a fresh start.

Bryn Consortium Take-Over

Posted: 10 May 2024, 13:32
by TommyGunn
Must say I'm delighted. :clap: Lets all get fully behind Bryn. Thanks very much Bryn for all the hard work done in such a short time. I really doubted you could get this done in time. You can count on me putting my hand in my pocket. :scarf: