Begbies Traynor Administrators of Torquay United.

[Southampton Gull]

Accountants account for the figures and prepare the financial statements, they don’t set the budgets and make the spending decisions, the board of directors and management do that.

This should be taken in no way as a defence of Osborne, that is absolutely not the purpose - but there remains very little evidence that on the non-footballing side, there was any substantial extravagance. So the losses of 20k a week mostly came from having a playing budget well in excess of the capacity of the club.

Unfortunately you're incorrect. A certain accountant set the stupidly low season ticket price offer some years ago which ultimately allowed Osborne to gain control of the club.

[ShropGull]

The Statement of administrator's proposal is now available to view
https://find-and-update.company-informa ... ng-history

[wbw]

Accountants account for the figures and prepare the financial statements, they don’t set the budgets and make the spending decisions, the board of directors and management do that.

This should be taken in no way as a defence of Osborne, that is absolutely not the purpose - but there remains very little evidence that on the non-footballing side, there was any substantial extravagance. So the losses of 20k a week mostly came from having a playing budget well in excess of the capacity of the club.

Absolutely 100% correct. Despite one posters obsession with the club accountant, the club appears to gave been properly, apart from the stupidly over inflated playing budget.

[TommyGunn]

£150,000 fee to administrators

[Southampton Gull]

Absolutely 100% correct. Despite one posters obsession with the club accountant, the club appears to gave been properly, apart from the stupidly over inflated playing budget.

More sycophantic nonsense, the club was being run into the ground but obviously it would suit your agenda to pretend otherwise. I'm stating facts or will I be seeing you in court........

[UnitedinDevon]

£150,000 fee to administrators

Not surprised, they charge very high fees and this has dragged on

Another big middle finger to CO and the housing company behind him for me

[Dave_Pougher]

£150,000 fee to administrators

Plus, their always paid first and in full.

[Dave]

Presumably season ticket sales are generating significant cashflow in the period.

That's not really a question I, or any of us can answer, nor do I see as a question for us to answer. Your knowledge on this subject is far greater and wider than mine so not questioning you at all here, but I seriously doubt any forward planning by the Bryn consortium has been done on a forecast they might sell X-hundreds of season tickets.

As a layman looking from the outside in, I see our new owners offering to pay creditors off 'in full' rather than pence in the pound, in a very timely manner, I see them secure the services of an up and coming manager that would have required compensation to be paid, and the setting of a playing budget that's been confirmed as one of the biggest in the NLS for next season , they've not done all this with out a serious plan in place and finance to cover it.

Couple that with a partnership with local kit suppliers VX3 and the futuristic kit designs us fans got to vote on , so fan engagement already on the up, and community involvement already happening through TUST, which already have volunteers to help tidy up the ground, as well as tradesman offering time and materials FOC, just as I said they would 6 months ago on another thread and got sneered at for, I would say all signs point towards our new owners as to having their heads screwed on in all the right places.

How far and how fast TUFC progresses from here is going to be partly down to us fans, and how much patience we have, and how far we're prepared to back them, I'm already looking forward to the community share issue, I've stated all along I'd buy in, and I will.