Torquay United Fans Forum

bobbytanz1963

TorquayUnited wrote: ↑25 Feb 2024, 18:01 Goes to pay the bills. 4.3 million owned administrator pay the staff the electricity bills the catering staff the groundsman the diesel to cut the grass in the mower the paint to paint the lines. The cleaners to clean the ground.

Luckily not Clarke's responsibility anymore already 4.3 million lost and amazingly only 700 grand till end of season to find some can compete in this league next season.

Osbourne out TUST in oh hang on they not got enough to repair the mower 5 years ago.

Club is dead

Why do you bother posting this as your negative views won't help in this troubling situation. For once try and add one ounce of positivity

bobbytanz1963

Southampton Gull wrote: ↑23 Feb 2024, 00:25 More absolute garbage. The club isn't in administration yet and the notion of going into administration is often used as a threat to speed up a deal. Stop spouting nonsense.

bobbytanz1963

Nigel L wrote: ↑22 Feb 2024, 19:43 Farnborough fan here. We, Farnborough, have been through this more than once and the process can be incredible painful. I wish you well.

The main reason for posting is the message quoted above, which is what happens in a "normal" insolvency event. But, "normal" doesn't apply to National League clubs. The specific League rules concerning a member Club having an insolvency event are fierce, to say the very least, and go way beyond "normal" requirements. See this document - https://s3.eu-west-1.amazonaws.com/file ... 057466.pdf - in particular Sections 2.9.2, 13A and 13B.

Essentially your club has from now until the next League AGM (in June?) to agree a deal where all football creditors' claims have been met in full and all other creditors' claims have either also been settled 100% or the League has agreed to a proposal that these will be settled at 100% in accordance with an agreed payment plan, otherwise your Club will be automatically relegated. Any proposal that doesn't satisfy ALL claims 100% is a completer non-starter and would result in an AFC Torquay starting off life at the bottom level of the pyramid.

Again I wish you well, but time is extremely short. Use it wisely.

Thanks for the input and as you say according to the league rules this isn’t a normal Insolvency. I’m intrigued by the phrase in the rules stating “other creditors are satisfied” in that does this mean 100p in the £ or an agreed settlement figure in a CVA which bound be pence in the £ ?

bobbytanz1963

I note all the comments in this thread and having been involved in the Business Recovery sector hit 35+ years there are a few things that need clarity.

The debt to CO (Riviera) is Unsecured

A new owner doesn’t have to repay the creditors in full

The Administrators will try and sell the business as a going concern and not choose to close it down.

Administration can last for 12 months and can trade during that period

I assume that the players contracts may have an insolvency clause in them and so they could become free agents

Most important thing is to support the club, support those attempting to save the club (TUST)

bobbytanz1963

Having witnessed the German version of protests over the weekend when taking in two games, whilst the yellow card idea is a sound one maybe we should look to more drastic measures ….. tennis balls

remote control cars

and chocolate coins ??

Based on the desire of CO to build a new stadium maybe Lego bricks are the answer ?

I doubt the above will be considered so perhaps a shift of fans from the Pop side and Bristows to the Family Stand converging on the directors box is the plan ….. oh silly me I doubt anyone of importance will be in there !

bobbytanz1963

I suggest you speak to the TUST to establish what they are doing and it’s NOT rolling over as you suggest

I presume you looking to be sooooo proactive will be looking to join the Steering group ?

bobbytanz1963

So do you have any suggestions to put forward in that case ??

I’m sure the TUST would welcome your input and involvement. I presume you are a member of the TUST ?

bobbytanz1963

Why slag off the TUST when they are the only way for the club or the phoenix club to survive.

bobbytanz1963

Vick wrote: ↑10 Feb 2024, 23:01 I am anticipating a breaking news story about the manager departing.

Dream on my friend !!! Why walk away from a well paid job where you are not gonna get dismissed, you don’t front up to your mistakes and “work” 2-3 days a week at most !

bobbytanz1963

Admiral wrote: ↑10 Feb 2024, 19:14 I’m shocked 1700 home fans turned up! Marshall offering an supporter out after the game, what a mess

Marshall considers himself a hard man ! More like a deluded fool !!! Well cmon Ross let’s see you actually do something to prove that rather than threaten !!! I wish he would strike out and then we can see the back of the idiot

But he didn’t get booked today so small mercy there !

bobbytanz1963

Will confrontation work in focusing the minds of the powers that be ?? We know where they perch on Saturdays so maybe if the crowd occupy the Family Stand as much as they can then that may indicate that the fans aren’t happy ?

Those in Bristows can confront the gaffer but all he does is come back with cocky arrogant responses and he is so thick skinned then what’s the point ?

I despair at the state of the club and the inability of the loyal fan base to rally together but never say never ??

bobbytanz1963

All this talk of boycotts, demos, maybe what is being considered but in the real world is there any way we the loyal supporters of TUFC can halt the demise of the club ? I very much doubt it as we see are at the behest of the elusive owner, the “yes sir 3 bags full” board and the arrogant has been manager !

The local of negative press coverage doesn’t help with the sycophants waffling on about how negatively affects the delicate feelings of the “quality” squad.

It is very sad demise of my football club, yes my club for 50 years Mr Johnson NOT yours

bobbytanz1963

JimNichol'sdog wrote: ↑28 Jan 2024, 14:40 Colorado - I think that Troy Tempest would be a better option!!

Absolutely!! Appreciated by those of a certain age

bobbytanz1963

The latest interview is one of a broken individual. No sense of fight to rectify the situations

Just going through the motions and drawing his monthly salary.

bobbytanz1963

The Great Muta! wrote: ↑23 Jan 2024, 22:20 I hate this woke quest to try and totally sanitise football, so a player has had a bit of grief, and now he's got hurt feelings?, really??, don't get me wrong I'm not "on' someone and dishing out flack, but if someone is playing poorly, surely a paying fan has a right to vent his or her frustration?, you don't even have to use expletives to get your views across, I'm amazed GJ has taken this stance esp given his age and being in the game so long, I've always thought GJ loves all the first pumping and giving it the large one when we win, but when we are piss poor he scuttles off asap..

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