by merse btpir » 20 Dec 2017, 19:59
tufcyellowarmy wrote: 20 Dec 2017, 19:26Err thanks that’s put me straight. It’s odd you haven’t put anyone else straight on various threads apart from me up to now. But “hair splitting “ aside the move by the “owners” if they sanctioned it is a positive move and deserving of some credit , don’t you agree ?
I do indeed; and it lifts my faint hope that just maybe Clarke Osborne sees the club as a venture to be re-structured and them moved on......a capitalist venture.
The cessation notice regarding Gaming International and Riviera Stadium Ltd has been on
BTPIR since November 16th when it first became apparent so make sure you keep up to speed on there for constant monitoring of Clarke Osborn and whatever appears on the Companies House website. Questions were being asked such as was Osborne trying to stop United dragging down GI's profits? Making the club easier to sell via being a stand alone entity? Allowing him to do some dodgy deals such as loading loans onto the company without being under as much scrutiny?
It's the spectre of loans into the company that need to be keenly monitored for this is the stealth by which he acquired the football club in the first place. Don't expect him to come out and say just what he is up to ~ that's not his style by a long chalk
If TUFC were to be sold, then GI won't want to sell it as a 'division' of theirs; they'll want to sell it as a stand-alone company. And any buyer in their right mind wouldn't want to buy a bit of GI; they'd want to buy a company in its own right would they not? If Osborne continues to put money into the club ~ but as loans intended to be called in at some point after having got his hands on the freehold ~ having those loans appear on a less well known company's balance sheets is far better for him. Rather than having them appear on GI's where there are more stakeholders and more interested parties to ask awkward questions.
Osborne has far more promising, and presumably more time-consuming, enterprises than Torquay United in his non-GI portfolio. Chief amongst these might be TrueSpeed Communications of which he is chair. This is a business that was formed in 2014 and is involved in bringing "ultra fast" broadband to rural communities. It all started in the Chew Valley, south of Bristol, where he lives. Earlier this year TrueSpeed received £75 million from Aviva Investors. Last week TrueSpeed announced details of further expansion into north Somerset with future plans to move into Devon, Wiltshire, Herefordshire and Gloucestershire. The company's website talks of its product being "faster, fairer, future-proof"...big business eh?
[quote=tufcyellowarmy post_id=216785 time=1513797980 user_id=19400][i][b]Err thanks that’s put me straight. It’s odd you haven’t put anyone else straight on various threads apart from me up to now. But “hair splitting “ aside the move by the “owners” if they sanctioned it is a positive move and deserving of some credit , don’t you agree ?[/b][/i] [/quote]
I do indeed; and it lifts my faint hope that just maybe Clarke Osborne sees the club as a venture to be re-structured and them moved on......a capitalist venture.
The cessation notice regarding Gaming International and Riviera Stadium Ltd has been on [b]BTPIR[/b] since November 16th when it first became apparent so make sure you keep up to speed on there for constant monitoring of Clarke Osborn and whatever appears on the Companies House website. Questions were being asked such as was Osborne trying to stop United dragging down GI's profits? Making the club easier to sell via being a stand alone entity? Allowing him to do some dodgy deals such as loading loans onto the company without being under as much scrutiny?
It's the spectre of loans into the company that need to be keenly monitored for this is the stealth by which he acquired the football club in the first place. Don't expect him to come out and say just what he is up to ~ that's not his style by a long chalk
If TUFC were to be sold, then GI won't want to sell it as a 'division' of theirs; they'll want to sell it as a stand-alone company. And any buyer in their right mind wouldn't want to buy a bit of GI; they'd want to buy a company in its own right would they not? If Osborne continues to put money into the club ~ but as loans intended to be called in at some point after having got his hands on the freehold ~ having those loans appear on a less well known company's balance sheets is far better for him. Rather than having them appear on GI's where there are more stakeholders and more interested parties to ask awkward questions.
Osborne has far more promising, and presumably more time-consuming, enterprises than Torquay United in his non-GI portfolio. Chief amongst these might be TrueSpeed Communications of which he is chair. This is a business that was formed in 2014 and is involved in bringing "ultra fast" broadband to rural communities. It all started in the Chew Valley, south of Bristol, where he lives. Earlier this year TrueSpeed received £75 million from Aviva Investors. Last week TrueSpeed announced details of further expansion into north Somerset with future plans to move into Devon, Wiltshire, Herefordshire and Gloucestershire. The company's website talks of its product being "faster, fairer, future-proof"...big business eh?
