Torquay United Fans Forum

To every one out there we have sent a letter in the last hour to the. Herald. Express , outlining our side of events . I know some of you think I am some one else , I am a football consultant who was asked by the club to find a investor I started in October and did what I could , I do not live near. Torquay and my only connection is that I was with another football club and.visited when both were in football league . Please look out in the paper for our side of events

Thank. You

The company will write it and send to. Dave. Thomas We were told of Boots and Laces and Club Shop /Catering alll these would have been taking back in house . If I can answer fans questions and the Chinese permit that answer which I believe will be the case most of the time I will . I am not on here all the time but will look out for questions . If any one knows Rob or Sharon I'm happy if you ask who I am I do not live in Torquay or work for the Club just had good times when visiting with my other clubs during many years , and wanted to help the club out .

Neal. Most likely I agree , I'm working as a consultant for them so not my money But can say I have spoken to. Rob. Sharon and Nicho and they know who I am . Money was going to be invested on top of the £640 k needed to buy club and keep it going until June . Council have agreed to sell the land to new owners , Chinese happy to buy of course but you can not sell it until new ground is bulky in a few years .

Chinese investors from all over the country are looking to buy a number of English Clubs from Premiership to Nationsl League . Clubs been discussed are. Newcastle Spurs. Hulll . Rotherham Sunderland. Carlisle Torquay as a few . I was asked to find a club for one group of under 2 million with little debt fulll time and good potential. Dagenham was one and I was told of Torquay , and then spoke to the Chairman who give the figures to buy the club, this was passed on and they decided after looking at books that if they invested they could get club to League 1 . Yes of course they looking for a return and the monies from the League each season and promotion would give them back the investment . Torquay was looked at as a challenge but have little debt compared to most clubs We were expecting to have a deal but late on Friday club changed its mind and have not contacted us in any way to say why we were not picked . We are going to make a full statement in the press as we are not happy at way we were dealt with in the end. We have spoken in length to club staff and we're happy to speak to fans and the Trust . and be fully transparent .

We agree , it is more loans from GI and the. Board are to remain with Pete Marsters I believe is his name on the board , he stated the rule about not having involmentvin two clubs is stopppmg for next season .

The Chinese group came in two weeks ago and were told that GI had more or less signed the deal, we decided to try and bid for the club and spoke to the board and agreed to pay the figures requested . To buy shares in Plainmoor Ltd £220 k to pay GI loan £120 to keep going as there will be a shortfall for rest of season £300 k. The board also requested £60 k on. Friday to pay wages and bills until end of Jan, we asked for a letter outlining this so we could send money but club would not and requested we just give £60 k with no fallback if they decided to go with GI , this we could not do so board agreed to sell to GI.

After looking at posts and what had been said in the press . we the. Chinese group would like to state what really happened with our bid. We will be contacting the Hersld and making a statement On forum we are happy to explain any thing we are legally allowed to answer, we believe the truth should come out .

I can tell the last person to post we did offer to buy club,agreed to all payments. Shares GI. Pete and fulfill shortfall for rest of season. We spoke on Tuesday and Thursday but club insisted we put in a amount to pay player and staff wages over xmas and new year. We refused as they would not draw up any paperwork We could only assume GI deal was done and were only being polite to talk to us and could not go back on there deal We we're happy to invest money to get club promoted , you are allowed your views , but I know the facts as I was there

I can assure everyone the. Chinese group were real. I was one of two reps in uk for them. Had number of discussions with board , Agree we came in very late and mostvof the paperwork had been done with GI , but we were convinced we could stop deal and have ours taking , club decided they needed cash injections Friday so stuck with GI I am very disappointed .

Yes a. Chinese group wanted club, had large investment which was discussed with board , but they needed a cash injection Friday so could carry on unti end of year . Chinese asked for letter to transfer funds but club never bothered . Shame as they sorted funds and ideas to get club to football league , board were not willing to. Chinese lawyers transfer funds on Jan 2

Very surprised club went with GI. There was another offer on table on. Tuesday, but because they were from overseas there lawyers could not transfer funds until. Jan 2. They were prepared to invest substantial amounts over next few seasons to get club into League 1. But because club required money this weekend they decided to go with GI. Total shame as investors were football people,with major contacts they will now look at other UK clubs to invest millions ,