Administration

Wasn't ignoring you Rags, Jon beat me to the answer.

They can cut some costs by removing the Head of Recruitment, given the shocking quality of players signed this season. Or did he leave with his brother?
torquayunited.com/contact-us/

No Pete. Funding partner is not Toklon.

Toklon is the ultimate holding company of GI so publishes consolidated Group accounts, which were published on the same day as GI’s. The consolidated accounts have the same related party note and the same loss for the Group of £847k, so this is not intra-group juggling.

Of course TUFC and RSL are related parties to Toklon and GI as Clarke Osborne has a controlling interest in all - even though GI no longer owns RSL and so Toklon is not TUFC’s ultimate holding company.

There has been unconfirmed speculation that Taylor Wimpey is the property funding partner, based on the fact that they were GI’s partners in the Swindon scam scheme. That was spectacularly successful in generating profit from enabling development but spectacularly unsuccessful in actually enabling a stadium to be built and saw the death of a highly successful speedway team. Failure to anybody passsionate about building stadiums and passionate about motor sport but success to anybody passionate about making money.

Edwards ceasing to be a director of all Osborne companies at the time the excrement hit the fan has been noted. Mooted as a fallout between the two by some, but others are more wary of drawing obvious conclusions.

Paul Buckle inherited only four players when he was appointed in 2007 (can't recall exactly when this happened). I believe they were Mansell, Hockley, Woods and Kevin Hill.

Don't forget we are also under a transfer embargo for being in administration, so we couldn't offer new contracts to out of contract players. I doubt also that any new manager waiting in the wings could recruit players while we are still in administration.

I had completely forgotten that. In fact, technically it is a registration embargo and according to the wording:

"Embargo means a ban on a Club signing, re-signing, exercising an option to sign, extending a contract, converting a loan into a permanent transfer, converting a short term loan into a long term loan, loaning or seeking in any way to register a player whether on a contractual or non-contractual basis or as an amateur, trainee, academy, work experience or schoolboy associate other than within any of the Embargo Terms and Exemptions hereinafter contained."

s3.eu-west-1.amazonaws.com/files.pitchero.com/leagues/13676_1694181166.pdf

There is a smidgen of good news: "Prior to the start of the season an Embargoed Club will be permitted to sign up to 16 players. The complement of registrations must comprise entirely non-contract players save that it may include players under existing written contract, or players listed on the retained list at the end of the previous season where an option has been exercised prior to the implementation of the embargo." but given that they would have to be non-contract players, we had better get out of this administration mess asap!