Administration

Other than Masters asked Bernard Noble to set up a supporters club, which he did, when they had a supporters trust already at Truro and introducing Osborne’s loan to the Club, I don’t know too much more about him other than what I have read on BTPIR previously about that and him, I must confess. Not the recent fanboy stuff as I tend to either switch off or counter that, but stuff discussed before February 22nd.

If it is to be him, I’d like to see a better relationship with fans than “the Noble trick” Edwards tried and failed once here, tbh.I’d like to see no further influence on property development for a new stadium from anything connected to Osborne and Edwards. The latter issue has its track record in killing clubs already. And obviously I’d like a winning team that can be afforded.

I see Dave Thomas has rowed back from his ‘full time or nothing’ on comms on Monday in his latest article - he talks of hybrid model - while stating we have a stadium fit for EFL. Probably a bit of sense from him there, tbh, and maybe a taster of what other bidders closer to him think, perhaps?

Again, I agree with the point hector makes if it is Osborne who is choosing. Hell, he may even have suggested Mel Hayman backs a Masters bid (but don’t mention George), we really don’t know. But what we do know about Osborne is that our future sustainability is not his concern. Property development is. It is where he has excelled for his benefit for many years. And as he told fans from a sofa a few months ago, he is obsessed with building new stadiums, so who are we to know how deep rooted that obsession is!!

Pivotal day in the history of our club.

Fingers crossed.

Torquay United AFC announce the appointment of administrators.

Torquay United AFC Limited has released the following statement from Begbies Traynor:

Scott Kippax, Neil Vinnicombe and Simon Haskew of Begbies Traynor have been appointed as joint administrators of Torquay United AFC Limited. They are legally advised by Robin Koolhoven of Stephens Scown LLP.

The administrators said the appointment signifies a positive step towards transfer of ownership. A further announcement is anticipated within the next two weeks when the administrators hope to confirm that the Club’s future has been secured. Creditors will be notified and can direct any queries to secretary@torquayunited.com in the meantime.

As I see it Osbourne no longer has a say in who takes over and will end up with little or nothing from his and GI's investment so is now effectively out of the equation.

Probably a bit late now but I do wonder if there will be other interested parties coming forward as perhaps others may have been holding back until this deadline and decision was reached.

Open season now on who takes it on and would guess the administrators will now have to decide on the way forward and we will soon be finding out who the other parties are.

Oh to be a fly on the wall these past months. we can only guess at the turmoil and disagreement within the management structure.
Exactly where did we spend that 1.1 million that saw us with a crap limited squad and relegation from the NL.

Do we have any access to the clubs detailed accounts or is it just general information ?.

Pretty sure that would tell us a few stories.

I thought we’d know the successful bidder today.

So did I!

That's true, but it has suddenly dawned on me that shareholders might get more detailed accounts. All we need is one of them to tell us if they did, and possibly share some of the detail.