Torquay United Fans Forum

Tokyo Calling wrote:Out of interest - what do you reckon it would cost to 'buy' the club? and did the current Chairman and Directors pay anything or did they just take ownership of a loss making business? who would you 'pay' to buy it?

The question is not how much will the club cost to buy but how much investment is needed to keep the club going or even to progress.
I would guess (and this is a wild stab in ther dark!) that £100k would buy the club and keep it afloat for twelve months, after that it really depends how good you are at running a football club. £1m would buy the club and keep it going for a couple of years. £10m and wou would have the room to invest off the field and secure the future of the club as a fully professional entity for many years to come.

(All guess work!)

Out of interest - what do you reckon it would cost to 'buy' the club? and did the current Chairman and Directors pay anything or did they just take ownership of a loss making business? who would you 'pay' to buy it?

Talk of £100k for Gus. So £50k of that to pay back the loan from GI?

another cheque in the post from me.

In the long-term there will be still be a problem of money. The current board are not rich and for a club to pay its way is rather difficult. TUST are eager to have their say which is nice. It would be nicer if someone sold their house and the gave the club the proceeds. In other words we all support the club but if you want a place on the board it helps to have cash.
Still, with the sale of Angus our finances should be OK this season. Back to contributing to the players fund for the rest of us.

Very pleased to see it's fallen through. We've lost four months and part of the momentum from the Great Escape, but the damage would have been far, far worse had it made any progress.

It's an important time for us, but at least we can now be united and move forward in the best interests of the club, which never would have happened under GI.

PhilGull wrote: Regardless of what has happened over the last few months we really do need to come together and push for promotion. Mid-table obscurity will not bring enough people through the gates to keep this club going. We have to aim high.

Good luck, I hope it works out.

"As all the wise sages on this forum predicted, yeah right!!!. " Too true.

How are people so wise after the event.

I wasn't sure either way but I was sure I didn't want the takeover to happen, UNLIKE some on here who were fully behind it! But there we are, forums eh.

I don't want the club to borrow money, get some dodgy investor / developer, I just want it to do its best with the money it earns, that's it.

In the light of the Chairmans statement issued today there are a number of very pertinent questions that could be asked. However rather than rake up recent history I think it is better to look forward.

There is however, one question which I feel must be asked, and to which Dave Philips has made no mention, and that is has the Club borrowed any money from GI Ltd.?

If the answer is in the affirmative then I do feel the Chairman should clarify the clubs position especially if it impacts upon the playing budget for the coming season. I think this is a fair question.

Burnhamgull wrote:What a complete joke.

Four wasted months and everybody on here could see that GI owning the club would end in disaster. Everybody except dear old Dave who is now trying to galvanise everybody in "The Bay".......we would do extremely well to get gates of 3000.

Fingers crossed for mid table mediocrity.

Regardless of what has happened over the last few months we really do need to come together and push for promotion. Mid-table obscurity will not bring enough people through the gates to keep this club going. We have to aim high.

Okay the takeover is dead and buried. As all the wise sages on this forum predicted, yeah right!!!. we seem to have an amazing amount of contributors who are wise after the fact. It matters not if the deal was handled badly or not,how many of us have the experience, knowledge,and time not forgetting money to have dealt with it better, and for those of you, including the one man band maintenance company from say Teignmouth that reckon you have the experience to run a multi million pound operation then you are deluded.
What should exercise our minds is how we proceed, Dave Phillips seems and I say seems to have opened the door to a dialogue with the TUST, now said trust needs to agree on how they proceed in such talks, taking over the club as an opening sentence in a conversation is going to ensure a very short meeting, however if we could suggest say a seat on the board in exchange for funds, would I feel be a very productive step forward. Something I would be prepared to contribute to and and as further funds become available we buy a further seat on the board, our influence within the club grows and the views of the supporters are aired on a regular basis.Unless of course there is one among us with a million or so laying dormant in the bank who wishes to step forward.
If any of you have spoken to Exeter supporters, that would be the few who do not believe in aliens, live in yurts and do not have one eye in the middle of their heads, then they will tell you their particular model of trust ownership has in all probability cost them at least two promotions over the years, a make over for their club is a coat of paint in the toilets, a point they fail to grasp is you cannot always run an enterprise without sometimes incurring a trading loss, how that loss in managed and the business plan model moving forward are the things that matter. Exeter are averse to spending anything they do not have, and where they could have developed their old stand with associated flats which would have been a life changing revenue stream for them, they are now involved in a costly and lengthy development wrangle where hard earned money from the club is going everywhere except where it should do.

What a complete joke.

Four wasted months and everybody on here could see that GI owning the club would end in disaster. Everybody except dear old Dave who is now trying to galvanise everybody in "The Bay".......we would do extremely well to get gates of 3000.

Fingers crossed for mid table mediocrity.

Has Dave Philipps had a lobotomy? Everything he says in that statement is great. Going along with Nicho's vision, including the TUST more, all good stuff. But how the hell did selling the football club to a property developer ever fit with any of this great community stuff?
A relief it's all over, happy that Philipps appears to have come to his senses. Now hopefully we can all get back on track and start moving forward again.

The statement sets out more aof a vision granted, need a plan with actions behind it.

Err Is there a plan B?