Thea Bristow to resign

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Thea Bristow to resign

by MidDevon » 30 Mar 2015, 15:38

Of course it is a good sign, Thea has to step down before we can let the hiring and firing commence...should be an interesting month and good to see the takeover is imminent

Thea Bristow to resign

by SWgull » 30 Mar 2015, 15:33

Not sure whether this is a good or a bad sign??!

Thea Bristow to resign

by Dave » 30 Mar 2015, 15:25

Stepped down early. http://www.bbc.co.uk/sport/0/football/32122402 maybe other changes are soon to follow.

Thea Bristow to resign

by Jerry » 19 Mar 2015, 11:53

wodger of awabia wrote: Yes the article did say " the end of the financial year " which is usually 5th. April but I expect that the clubs financial year ends at the end of the season as companies can choose when their year starts & ends. As I said in my post what happens if the new owners are not in place? does this mean going into administration? If the club is left debt free I would guess that money will still be a problem to pay expenses in the closed season.
30th June is the end of our financial year according to posters on the other forums.

The rest of the board would have to cover any expenses after that if no new owners are in place.

Thea Bristow to resign

by wodger of awabia » 19 Mar 2015, 11:42

rickl wrote:It was refered to in the article when she announced she was resigning that she would fund the club until the end of the financial year. Not sure if this means at the end of the playing season or at the end of 2015.
Yes the article did say " the end of the financial year " which is usually 5th. April but I expect that the clubs financial year ends at the end of the season as companies can choose when their year starts & ends. As I said in my post what happens if the new owners are not in place? does this mean going into administration? If the club is left debt free I would guess that money will still be a problem to pay expenses in the closed season.

Thea Bristow to resign

by Eirik » 19 Mar 2015, 11:00

It was refered to in the article when she announced she was resigning that she would fund the club until the end of the financial year. Not sure if this means at the end of the playing season or at the end of 2015.

Thea Bristow to resign

by wodger of awabia » 19 Mar 2015, 10:28

So what happens next?
Thea has said that she will cease her funding at the end of the season, so is the money already in place to pay the players up to the end of their contracts, which I think is to the end of June? I suppose that we have to assume that there are also funds available to pay staff & players still under contract over the closed season.
What happens if new owners are not in place ready to take over from Thea? Would the club be able to borrow money for wages etc. as Thea is leaving with the club in a debt free position?
I suppose that what we need is a new consortium of say 10 successful members willing to bung in £100K each as an initial funding, & appoint a first class C.E.O. to take the club forward.
If things don't work out & nobody wants take over then a few rubbish results, a p#ss poor season & a load of players that are not fit to wear the shirt will fade into insignificance.

Thea Bristow to resign

by stevegull » 13 Mar 2015, 00:01

kevgull wrote:Timeline of the Bristow reign. :scarf:

http://www.westernmorningnews.co.uk/Rem ... story.html
:clap:

Thea Bristow to resign

by nickbrod » 12 Mar 2015, 10:40

BBC Sport reporting this morning quoting Kelvin Thomas who says there are parties interested in investing into the club. Perhaps some good news to come?

Thea Bristow to resign

by kevgull » 12 Mar 2015, 08:22

Timeline of the Bristow reign. :scarf:

http://www.westernmorningnews.co.uk/Rem ... story.html

Thea Bristow to resign

by Burnhamgull » 11 Mar 2015, 23:33

I feel almost relieved that Thea is stepping down because she deserves so much better than this and I hope she can walk away from TUFC and enjoy time with her family at long last.

We are extremely lucky that she continued to fund the club after Paul passed away. Others wouldn't have got involved.

I hope that tosspot Baker buggers off now and takes his cringeworthy baseball cap with him......he looked a right prick on Tuesday.

Thanks for everything Thea, you're a wonderful woman and are welcome on the Popside anytime :)

Thea Bristow to resign

by tomogull » 11 Mar 2015, 21:37

brucie wrote:I'm not so sure that the message from OntheContrary is actual mean minded at all, There is actually some truth in what he says. Thea has indeed left the club in probably its worst ever position. If she has spent 3 million you have got to wonder why we are currently 15th in the Conference. It has been a cock up of monumental proportions. Thea was never fit to be chairperson in the first place.
Of course none of that means that she has not been astonishinly generous. However with a fortune of 15 million invested wisely the notion that she has been left penniless because of her association with Torquay United is nowhere near the truth.
Jerry suggesting that fans should just turn up for the rest of the season is just ridiculous. The management and playing staff do not deserve ANY support whatsoever. They are a complete and utter embarassment.
The point is - she never wanted the chairman's job. She said herself she had no idea how to run a football club. She was forced into it when Simon Baker who is an ardent United fan but a disaster as chairman stood down and nobody was prepared to step in to take on the job. We may be currently 15th in the Conference but without what the Bristows have done for this club, you'd probably have been able to watch local derbies between Bideford and Torquay this season, Brucie ! ;-)

Thea Bristow to resign

by SteveDeckchair » 11 Mar 2015, 21:33

A sad day indeed for Torquay United. Sections of the board should hang their heads in shame at their actions or lack of them during Thea's tenure as Chairman. If any of them come out now and put money in, I hope everyone lets them know exactly what we think of them. Grrrr.

Thea Bristow to resign

by brucie » 11 Mar 2015, 21:26

I'm not so sure that the message from OntheContrary is actual mean minded at all, There is actually some truth in what he says. Thea has indeed left the club in probably its worst ever position. If she has spent 3 million you have got to wonder why we are currently 15th in the Conference. It has been a cock up of monumental proportions. Thea was never fit to be chairperson in the first place.
Of course none of that means that she has not been astonishinly generous. However with a fortune of 15 million invested wisely the notion that she has been left penniless because of her association with Torquay United is nowhere near the truth.
Jerry suggesting that fans should just turn up for the rest of the season is just ridiculous. The management and playing staff do not deserve ANY support whatsoever. They are a complete and utter embarassment.

Thea Bristow to resign

by portugull » 11 Mar 2015, 21:00

A huge thank you as a fan to Thea Bristow and her Family for such amazing generosity.

£3 million is a huge amount to effectively write off and demonstrates her love for the Club.

The very fact that the new owner will start with a clean slate is very positive and should help Kelvin Thomas to find the right people to take over.

Coming from a finance background I think Thea has been badly let down by whoever was supposed to be controlling the purse strings.

Football is a business and any successful business needs strict financial control at all times. I have long suspected financial control was something

many of the Directors knew nothing about.

£3 million just proves things have got to change and quickly.

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