Gaming International have taken our club hostage

[Southampton Gull]

He can call fans keyboard wankers all he likes but Phillips is the wanker

He is so determined to get his investment back it will be the end of the club

Supporter? You must be mad hes so blinded by greed and his ego he cant see the wood for the trees

It certainly put off one potential buyer that I know of. Some have said why shouldn't he get it back, well I say that is a small price for him to pay for the right royal cock ups he's presided over.

[IanGull01]

This is going to be a long hour until 2pm.

Surely the National league officials must be questioning what the hell is going on?!

Nicho and the players haven't got a chance with this going on behind the scenes.

[portugull]

I know I have said it before BUT to my knowledge the Board have never advertised the Club For Sale in a National Newspaper.

The buyer is out there somewhere but my view is the nation does not know the Club is on the market.

Am I wrong??

This Board do not appear to have any idea how to sell the Club but given our history someone has the money to invest but do they know we are on the market?

It is crunch time and the Board need some good advice because they appear to be up the creek without a paddle.

[bixieupnorth]

http://www.torquayheraldexpress.co.uk/t ... story.html

[Plainmoor78]

It certainly put off one potential buyer that I know of. Some have said why shouldn't he get it back, well I say that is a small price for him to pay for the right royal cock ups he's presided over.

No, he shouldn't expect to get his money back. When you invest money, whether it is in shares, the bookies or the lottery, you are gambling with that money with the hope of seeing a return. If the gamble doesn't come off you have to accept that, that's life.
Philips, as a bookmaker, has been taking money off mugs for years, now he has to face the reality of being on the other side of the counter.

[happytorq]

No, he shouldn't expect to get his money back. When you invest money, whether it is in shares, the bookies or the lottery, you are gambling with that money with the hope of seeing a return. If the gamble doesn't come off you have to accept that, that's life.
Philips, as a bookmaker, has been taking money off mugs for years, now he has to face the reality of being on the other side of the counter.

On the other hand...when you invest you're allowed to decide when to cash out or if you have the will to see it all the way to the bottom. I don't know the situation with Phillips, how much he's 'invested' etc, but it is his right as an investor to try to get his money back, on the understanding that he could see the club all the way to the wall and get nothing.

I mean - if Phillips has decided that he'd rather the club go out of business than him losing his money (and ive no idea how much it is) that is, unfortunately, his right. He's put money down that we haven't. If we were in his position we might well wave goodbye to the money in order to help the club.

[Scorpion]

Fair point.

[Glostergull]

wasn't there supposed to be an announcement today on who the new bidders were ?

[Plainmoor78]

Happytorq, he invested £40k, the other two directors invested £30k each.

[happytorq]

Happytorq, he invested £40k, the other two directors invested £30k each.

Ah, some actual figures. Wasn't aware of the amount. Thanks.

So, not an insignificant sum, but still, hardly his entire savings (I mean, hopefully; that'd be a mug's move)

[bixieupnorth]

come on. we need some news

[Gullscorer]

Administration is unthinkable (10 point deduction?) and there is no good reason why it should come to that. A straight takeover, whether by GI or Peter Masters or somebody else or a combination, would be the most beneficial for all, or would at least save the club. I find it difficult to believe that intransigence by the current board/chairman for petty personal financial reasons would put an end to everything. However, talking of investment in and indebtedness by the club, Masters and GI are not the club's biggest creditors. The club's biggest creditor, by a long long way, is Thea Bristow. If the club are saying that ownership would go to GI if their debt is not paid by 31 January, shouldn't Thea Bristow have something to say about that? Time for her, in the light of experience, to come in with handbag blazing and sort them all out...

[IanGull01]

How I'd love to be a fly on the wall now!!!

[Plainmoor78]

There were enquires from as far away as Canada and the midlands. There is probably some sort of grapevine for the buying and selling of football clubs. Anyway it has been on the bbc website for months that the club was up for sale.

[Bloggy]

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